Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Ghana - 2023
Contents:
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Ghana (CIF) - 2023
- Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Ghana
Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Ghana (CIF) - 2023
The average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings stood at $2,359 per ton in December 2023, growing by 236% against the previous month. Over the period under review, the import price saw a buoyant increase. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 288% month-to-month. The import price peaked in December 2023.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was South Africa ($5,593 per ton), while the price for Italy ($645 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 Italy (+26.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Ghana
In 2022, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings into Ghana surged to 3.1K tons, with an increase of 58% on 2021. Over the period under review, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings soared to $3.6M in 2022. Overall, imports posted a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 122 | 406 | 461 | 518 | 61.9% |
| Thailand | 372 | 173 | 305 | 205 | -18.0% |
| Portugal | 87.1 | 113 | 103 | 140 | 17.1% |
| Vietnam | N/A | 56.3 | 59.0 | 65.9 | 8.2% |
| Indonesia | 112 | 32.2 | 112 | 52.0 | -22.6% |
| India | 51.0 | 32.7 | 29.5 | 19.7 | -27.2% |
| Taiwan (Chinese) | 22.7 | 19.3 | 25.3 | 17.0 | -9.2% |
| South Korea | 41.4 | 77.5 | 72.4 | 13.5 | -31.2% |
| Others | 1,990 | -909.6 | 1,347 | 2,583 | 9.1% |
| Total | 2,799 | N/A | 2,515 | 3,614 | 8.9% |
Top Suppliers of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Ghana in 2022:
- China (359.5 tons)
- Thailand (200.3 tons)
- Portugal (91.0 tons)
- Vietnam (60.0 tons)
- Indonesia (51.3 tons)
- Taiwan (Chinese) (16.6 tons)
- India (16.5 tons)
- South Korea (12.6 tons)
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