Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Kenya - 2022

Contents:

1. Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Kenya (CIF) - 2022
2. Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Kenya (FOB) - 2022
3. Imports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Kenya
4. Exports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Kenya

Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Kenya (CIF) - 2022

The average import price for textile fabrics, rubberised; other than those of heading no. 5902s stood at $1.4 per square meter in 2022, with an increase of 3.3% against the previous year. Overall, the import price, however, recorded a slight descent. The pace of growth was the most pronounced in 2018 an increase of 32%. As a result, import price attained the peak level of $2 per square meter. From 2019 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ethiopia ($4.4 per square meter), while the price for China ($1 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Kenya (FOB) - 2022

The average export price for textile fabrics, rubberised; other than those of heading no. 5902s stood at $1.3 per square meter in 2022, with a decrease of -26.1% against the previous year. Over the period under review, the export price recorded a pronounced contraction. The pace of growth was the most pronounced in 2021 when the average export price increased by 232%. The export price peaked at $1.8 per square meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($15 per square meter), while the average price for exports to Democratic Republic of the Congo ($0.1 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+27.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Kenya

For the fourth consecutive year, Kenya recorded growth in overseas purchases of textile fabrics, rubberised; other than those of heading no. 5902s, which increased by 16% to 854K square meters in 2022. The total import volume increased at an average annual rate of +14.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 18% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of textile fabrics, rubberised; other than those of heading no. 5902s skyrocketed to $1.2M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.8% 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 +59.4% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 19%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 to Kenya in 2022:

1. China (748.2K square meters)
2. Taiwan (Chinese) (23.3K square meters)
3. United Arab Emirates (21.6K square meters)
4. Ethiopia (16.8K square meters)
5. India (16.6K square meters)

Exports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Kenya

In 2022, exports of textile fabrics, rubberised; other than those of heading no. 5902s from Kenya surged to 27K square meters, picking up by 35% on the year before. In general, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 142%. As a result, the exports reached the peak of 38K square meters. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of textile fabrics, rubberised; other than those of heading no. 5902s reduced slightly to $34K in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 72% against the previous year. As a result, the exports attained the peak of $34K, leveling off in the following year.

Top Export Markets for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 from Kenya in 2022:

1. Democratic Republic of the Congo (15.9K square meters)
2. France (4.0K square meters)
3. Tanzania (2.3K square meters)
4. Uganda (2.2K square meters)
5. South Sudan (1.2K square meters)
6. Zambia (0.6K square meters)

Source: IndexBox Market Intelligence Platform