Price for Knitted or Crocheted Pile Fabrics in Ethiopia - 2022

Contents:

1. Price for Knitted or Crocheted Pile Fabrics in Ethiopia (CIF) - 2022
2. Price for Knitted or Crocheted Pile Fabrics in Ethiopia (FOB) - 2022
3. Imports of Knitted or Crocheted Pile Fabrics in Ethiopia
4. Exports of Knitted or Crocheted Pile Fabrics in Ethiopia

Price for Knitted or Crocheted Pile Fabrics in Ethiopia (CIF) - 2022

The average import price for knitted or crocheted pile fabricses stood at $5,004 per ton in 2022, remaining stable against the previous year. Overall, the import price, however, recorded a perceptible increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 95% against the previous year. The import price peaked at $5,023 per ton in 2021, and then declined in the following year.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +4.8% per year.

Price for Knitted or Crocheted Pile Fabrics in Ethiopia (FOB) - 2022

In 2022, the average export price for knitted or crocheted pile fabricses amounted to $8,278 per ton, therefore, remained relatively stable against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $8,420 per ton in 2012; however, from 2013 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 Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to +1.7% per year.

Imports of Knitted or Crocheted Pile Fabrics in Ethiopia

In 2022, approx. 3.2K tons of knitted or crocheted pile fabricses were imported into Ethiopia; with an increase of 27% against the previous year. The total import volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, knitted or crocheted pile fabrics imports surged to $16M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.3% 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 +45.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Knitted or Crocheted Pile Fabrics to Ethiopia in 2022:

1. China (3.1K tons)

Exports of Knitted or Crocheted Pile Fabrics in Ethiopia

In 2022, overseas shipments of knitted or crocheted pile fabricses decreased by -6.9% to 13 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +7.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 16% against the previous year. As a result, the exports reached the peak of 14 tons, and then fell in the following year.

In value terms, knitted or crocheted pile fabrics exports shrank to $107K in 2022. The total export value increased at an average annual rate of +7.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year.

Top Export Markets for Knitted or Crocheted Pile Fabrics from Ethiopia in 2022:

1. Turkey (12.7 tons)

Source: IndexBox Market Intelligence Platform