Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Kenya - 2022

Contents:

1. Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Kenya (CIF) - 2022
2. Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Kenya (FOB) - 2022
3. Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Kenya
4. Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Kenya

Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Kenya (CIF) - 2022

In 2022, the average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $4,454 per ton, increasing by 39% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) increased by +95.1% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($37,871 per ton), while the price for the United Arab Emirates ($2,175 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Kenya (FOB) - 2022

In 2022, the average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $3,348 per ton, reducing by -13% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 3.8% against the previous year. Over the period under review, the average export prices reached the maximum at $5,608 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Somalia ($28,194 per ton), while the average price for exports to Saudi Arabia ($1,153 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Somalia (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Kenya

In 2022, purchases abroad of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) decreased by -31.6% to 1.3K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a mild increase from 2019 to 2022: its volume increased at an average annual rate of +1.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year.

In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) contracted to $5.9M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.0% 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 increased by +90.6% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 52%.

Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Kenya in 2022:

1. China (1078.1 tons)
2. United Arab Emirates (66.3 tons)
3. India (53.7 tons)
4. United Kingdom (32.9 tons)
5. Egypt (27.6 tons)
6. South Africa (21.2 tons)

Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Kenya

Exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) from Kenya skyrocketed to 95 tons in 2022, growing by 39% on the previous year. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +19.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.3% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) surged to $318K in 2022. The total export value increased at an average annual rate of +10.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 26%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Kenya in 2022:

1. Saudi Arabia (64.9 tons)
2. Uganda (13.8 tons)
3. Tanzania (11.1 tons)
4. Rwanda (3.1 tons)

Source: IndexBox Market Intelligence Platform