Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Kenya - 2023
Contents:
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Kenya (CIF) - 2023
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Kenya (FOB) - 2022
- Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Kenya
- Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Kenya
Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Kenya (CIF) - 2023
In December 2023, the average import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $533 per ton, which is down by -3% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 an increase of 17% against the previous month. Over the period under review, average import prices hit record highs at $638 per ton in June 2023; however, from July 2023 to December 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was China ($563 per ton), while the price for Uganda ($519 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Ethiopia (-0.1%), while the prices for the other major suppliers experienced a decline.
Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Kenya (FOB) - 2022
The average export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses stood at $564 per ton in 2022, approximately mirroring the previous year. In general, the export price recorded a prominent increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 200% against the previous year. The export price peaked at $704 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Uganda.
From 2012 to 2022, the rate of growth in terms of prices for Rwanda amounted to +1.9% per year.
Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Kenya
In 2022, approx. 102 tons of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses were imported into Kenya; with an increase of 47% on 2021. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses skyrocketed to $57K in 2022. Overall, imports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 42% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | N/A | 4.4 | 13.6 | 31.9 | 169.3% |
| China | 5.1 | 5.5 | 6.4 | 11.5 | 31.1% |
| Ethiopia | N/A | 9.4 | 9.0 | 6.5 | -16.8% |
| Morocco | 9.1 | 3.9 | 7.8 | 3.8 | -25.3% |
| Belgium | 1.3 | 1.2 | 1.1 | 1.1 | -5.4% |
| United Kingdom | 1.6 | 1.0 | 0.7 | 0.6 | -27.9% |
| Others | 2.5 | 2.6 | 1.2 | 1.3 | -19.6% |
| Total | 19.7 | 28.0 | 39.9 | 56.7 | 42.2% |
Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres to Kenya in 2022:
- Uganda (62.1 tons)
- China (16.4 tons)
- Ethiopia (11.7 tons)
- Morocco (6.1 tons)
- Belgium (1.8 tons)
- United Kingdom (1.2 tons)
Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Kenya
For the fourth year in a row, Kenya recorded growth in overseas shipments of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses, which increased by 20% to 5.8 tons in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 86% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses soared to $3.2K in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 88%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 1.2 | 2.3 | 2.7 | 3.3 | 40.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.2 | 2.3 | 2.7 | 3.3 | 40.1% |
Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres from Kenya in 2022:
- Uganda (5.8 tons)
Nothing found. Please try again.
Nothing found. Please try again.
Nothing found. Please try again.
