Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Uganda - 2022

Contents:

1. Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Uganda (CIF) - 2022
2. Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Uganda (FOB) - 2022
3. Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Uganda
4. Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Uganda

Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Uganda (CIF) - 2022

In 2022, the average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $1,121 per ton, therefore, remained relatively stable against the previous year. In general, the import price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when the average import price increased by 18% against the previous year. Over the period under review, average import prices hit record highs at $1,937 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($1,723 per ton), while the price for Thailand ($517 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.1%), while the prices for the other major suppliers experienced a decline.

Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Uganda (FOB) - 2022

In 2022, the average export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $912 per ton, dropping by -21.9% against the previous year. In general, the export price recorded a abrupt contraction. The growth pace was the most rapid in 2017 an increase of 53%. As a result, the export price reached the peak level of $3,139 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($642 per ton), while the average price for exports to Kenya amounted to $639 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (-12.6%).

Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Uganda

For the third consecutive year, Uganda recorded decline in overseas purchases of synthetic staple fibres, not carded, combed or otherwise processed for spinnings, which decreased by -32.1% to 1.4K tons in 2022. In general, imports saw a significant decline. The smallest decline of -21.7% was in 2020.

In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings reduced notably to $1.5M in 2022. Overall, imports recorded a sharp downturn. The smallest decline of -11.3% was in 2021.

Top Suppliers of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Uganda in 2022:

1. India (779.8 tons)
2. China (142.0 tons)
3. Indonesia (89.1 tons)
4. Thailand (60.2 tons)
5. South Africa (57.5 tons)

Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Uganda

In 2022, approx. 20 tons of synthetic staple fibres, not carded, combed or otherwise processed for spinnings were exported from Uganda; picking up by 50% compared with 2021 figures. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings surged to $18K in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +17.2% 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 +60.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Uganda in 2022:

1. Kenya (228.4 tons)
2. China (159.1 tons)

Source: IndexBox Market Intelligence Platform