Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Ghana - 2023

Contents:

1. Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Ghana (CIF) - 2023
2. Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Ghana (FOB) - 2022
3. Imports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Ghana
4. Exports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Ghana

Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Ghana (CIF) - 2023

The average import price for twine, cordage or rope; knotted netting, of other than man-made textileses stood at $1,145 per ton in December 2023, growing by 32% against the previous month. In general, the import price, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 209% against the previous month. Over the period under review, average import prices hit record highs at $1,805 per ton in April 2023; however, from May 2023 to December 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($6,827 per ton), while the price for China ($433 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 Vietnam (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Ghana (FOB) - 2022

The average export price for twine, cordage or rope; knotted netting, of other than man-made textileses stood at $3,162 per ton in 2022, reducing by -13.1% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for twine, cordage or rope; knotted netting, of other than man-made textileses increased by +10.6% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the average export price increased by 40% against the previous year. As a result, the export price reached the peak level of $4,010 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cameroon ($8,684 per ton), while the average price for exports to Benin ($460 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 Burkina Faso (+19.4%), while the prices for the other major destinations experienced a decline.

Imports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Ghana

After two years of decline, overseas purchases of twine, cordage or rope; knotted netting, of other than man-made textileses increased by 57% to 124 tons in 2022. Overall, imports, however, continue to indicate a precipitous decrease.

In value terms, imports of twine, cordage or rope; knotted netting, of other than man-made textileses skyrocketed to $694K in 2022. In general, imports, however, recorded a abrupt contraction.

Top Suppliers of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles to Ghana in 2022:

1. South Korea (53.0 tons)
2. Togo (25.5 tons)
3. Vietnam (11.5 tons)
4. Spain (8.6 tons)
5. China (6.5 tons)
6. Hong Kong SAR (6.5 tons)
7. United Arab Emirates (4.9 tons)
8. India (0.5 tons)

Exports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Ghana

In 2022, shipments abroad of twine, cordage or rope; knotted netting, of other than man-made textileses was finally on the rise to reach 1.7 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a noticeable shrinkage.

In value terms, exports of twine, cordage or rope; knotted netting, of other than man-made textileses dropped to $5.4K in 2022. Overall, exports, however, continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 26%.

Top Export Markets for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles from Ghana in 2022:

1. Mali (934.0 kg)
2. Cameroon (301.0 kg)
3. Burkina Faso (147.0 kg)
4. Togo (141.0 kg)
5. Cote d'Ivoire (123.0 kg)
6. Benin (50.0 kg)

Source: IndexBox Market Intelligence Platform