Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Ethiopia - 2022

Contents:

  1. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Ethiopia (CIF) - 2022
  2. Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Ethiopia

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Ethiopia (CIF) - 2022

The average import price for textile fabrics; tyrecord of high tenacity yarn of polyesters stood at $3,922 per ton in 2022, leveling off at the previous year. In general, the import price, however, saw a slight decline. The most prominent rate of growth was recorded in 2021 an increase of 49% against the previous year. The import price peaked at $4,619 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 China ($7,707 per ton), while the price for the United Arab Emirates ($576 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Ethiopia

For the fourth year in a row, Ethiopia recorded growth in supplies from abroad of textile fabrics; tyrecord of high tenacity yarn of polyesters, which increased by 63% to 75 tons in 2022. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of textile fabrics; tyrecord of high tenacity yarn of polyesters surged to $293K in 2022. In general, imports saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 68%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Import of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Ethiopia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China39.099.116625186.0%
United Arab Emirates26.611.111.722.7-5.1%
India40.20.82.917.2-24.6%
Others2.51.08.22.0-7.2%
Total10811218929339.5%

Top Suppliers of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester to Ethiopia in 2022:

  1. United Arab Emirates (39.4 tons)
  2. China (32.5 tons)
  3. India (2.6 tons)

Source: IndexBox Market Intelligence Platform

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