Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Uganda - 2022

Contents:

1. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Uganda (FOB) - 2022
2. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Uganda (CIF) - 2022
3. Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Uganda
4. Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Uganda

Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Uganda (FOB) - 2022

In 2022, the average export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $467 per ton, standing approx. at the previous year. In general, the export price saw a abrupt contraction. The pace of growth was the most pronounced in 2014 when the average export price increased by 245%. As a result, the export price reached the peak level of $4,728 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($750 per ton), while the average price for exports to Kenya stood at $467 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (-5.9%).

Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Uganda (CIF) - 2022

The average import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses stood at $350 per ton in 2022, with a decrease of -21.3% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 51% against the previous year. Over the period under review, average import prices hit record highs at $869 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Kenya ($385 per ton), while the price for China totaled $147 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-6.1%).

Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Uganda

For the fourth year in a row, Uganda recorded growth in overseas shipments of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses, which increased by 20% to 1.3K tons in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 468%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses soared to $592K in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 391%. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres from Uganda in 2022:

1. Kenya (1267.3 tons)

Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Uganda

For the fourth year in a row, Uganda recorded growth in purchases abroad of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses, which increased by 6.7% to 4.5 tons in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.7% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 52%. Over the period under review, imports of reached the peak figure in 2022 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 declined dramatically to $1.6K in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +5.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -29.5% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 68% against the previous year. As a result, imports reached the peak of $2.3K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres to Uganda in 2022:

1. Kenya (3.9 tons)
2. China (0.7 tons)

Source: IndexBox Market Intelligence Platform