Price for Rubber Thread and Cord; Textile Covered in Kenya - 2023
Contents:
- Price for Rubber Thread and Cord; Textile Covered in Kenya (CIF) - 2022
- Price for Rubber Thread and Cord; Textile Covered in Kenya (FOB) - 2022
- Imports of Rubber Thread and Cord; Textile Covered in Kenya
- Exports of Rubber Thread and Cord; Textile Covered in Kenya
Price for Rubber Thread and Cord; Textile Covered in Kenya (CIF) - 2022
In 2022, the average import price for rubber thread and cord; textile covereds amounted to $4,126 per ton, reducing by -22.6% against the previous year. Overall, the import price, however, continues to indicate modest growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 603%. As a result, import price attained the peak level of $11,406 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($5,552 per ton), while the price for Taiwan (Chinese) ($3,446 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+3,030.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber Thread and Cord; Textile Covered in Kenya (FOB) - 2022
The average export price for rubber thread and cord; textile covereds stood at $3,344 per ton in 2022, waning by -38.2% against the previous year. Over the period under review, the export price, however, posted a slight increase. The growth pace was the most rapid in 2014 an increase of 29%. The export price peaked at $7,305 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ethiopia ($6,824 per ton), while the average price for exports to Nigeria ($725 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 Tanzania (+8.9%), while the prices for the other major destinations experienced a decline.
Imports of Rubber Thread and Cord; Textile Covered in Kenya
After three years of growth, overseas purchases of rubber thread and cord; textile covereds decreased by -54.7% to 170 tons in 2022. Overall, imports, however, recorded a significant increase. The growth pace was the most rapid in 2020 when imports increased by 416%.
In value terms, imports of rubber thread and cord; textile covereds shrank notably to $700K in 2022. In general, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 474%.
| Import of Rubber Thread and Cord; Textile Covered in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 166 | 1,205 | 1,730 | 599 | 53.4% |
| United Arab Emirates | 42.9 | 55.2 | 65.5 | 18.7 | -24.2% |
| Others | 27.5 | 99.5 | 201 | 82.0 | 43.9% |
| Total | 237 | 1,360 | 1,997 | 700 | 43.5% |
Top Suppliers of Rubber Thread and Cord; Textile Covered to Kenya in 2022:
- China (159.4 tons)
- United Arab Emirates (3.4 tons)
Exports of Rubber Thread and Cord; Textile Covered in Kenya
For the third consecutive year, Kenya recorded decline in shipments abroad of rubber thread and cord; textile covereds, which decreased by -48.8% to 305 kg in 2022. Over the period under review, exports showed a sharp curtailment. The smallest decline of -9% was in 2020.
In value terms, exports of rubber thread and cord; textile covereds declined significantly to $1K in 2022. Overall, exports continue to indicate a sharp curtailment. The smallest decline of -31% was in 2020.
| Export of Rubber Thread and Cord; Textile Covered in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 6.5 | 2.2 | 2.9 | 0.8 | -50.3% |
| Ethiopia | N/A | N/A | N/A | 0.1 | 0% |
| Uganda | 0.5 | 0.5 | 0.1 | 0.1 | -41.5% |
| Nigeria | N/A | 3.2 | N/A | 0.1 | -82.3% |
| Rwanda | N/A | N/A | N/A | N/A | 0% |
| Honduras | 1.4 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.2 | N/A | 0% |
| Total | 8.5 | 5.8 | 3.2 | 1.0 | -51.0% |
Top Export Markets for Rubber Thread and Cord; Textile Covered from Kenya in 2022:
- Tanzania (147.0 kg)
- Nigeria (102.0 kg)
- Uganda (32.0 kg)
- Ethiopia (17.0 kg)
- Rwanda (6.0 kg)
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