Price for Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in Kenya - 2023
Contents:
- Price for Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in Kenya (FOB) - 2022
- Price for Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in Kenya (CIF) - 2022
- Exports of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in Kenya
- Imports of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in Kenya
Price for Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in Kenya (FOB) - 2022
The average export price for wadding; other articles thereof, other than of cotton or man-made fibreses stood at $2,471 per ton in 2022, waning by -33.4% against the previous year. Overall, the export price recorded a deep contraction. The growth pace was the most rapid in 2013 an increase of 18%. The export price peaked at $6,453 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Eritrea ($2,729 per ton), while the average price for exports to Burundi ($94 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 Uganda (-6.4%), while the prices for the other major destinations experienced a decline.
Price for Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in Kenya (CIF) - 2022
The average import price for wadding; other articles thereof, other than of cotton or man-made fibreses stood at $4,682 per ton in 2022, remaining constant against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for wadding; other articles thereof, other than of cotton or man-made fibreses decreased by -15.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 60%. As a result, import price reached the peak level of $5,531 per ton. From 2021 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 Turkey ($9,125 per ton), while the price for Jordan ($531 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in Kenya
For the fourth consecutive year, Kenya recorded growth in overseas shipments of wadding; other articles thereof, other than of cotton or man-made fibreses, which increased by 21% to 2.3 tons in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 685% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of wadding; other articles thereof, other than of cotton or man-made fibreses fell remarkably to $5.8K in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 553%. As a result, the exports attained the peak of $7.2K, and then declined dramatically in the following year.
Export of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in Kenya (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Eritrea | 681 | 1,062 | 6,908 | 5,535 | 101.1% |
Somalia | 16.0 | 26.0 | 174 | 143 | 107.5% |
Uganda | 3.0 | 6.0 | 98.0 | 67.0 | 181.6% |
Burundi | 1.0 | 1.0 | 7.0 | 13.0 | 135.1% |
Others | 5.0 | 6.0 | 3.0 | 47.0 | 111.0% |
Total | 706 | 1,101 | 7,190 | 5,805 | 101.8% |
Top Export Markets for Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres from Kenya in 2022:
- Eritrea (2028.0 kg)
- Burundi (138.0 kg)
- Somalia (113.0 kg)
- Uganda (61.0 kg)
Imports of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in Kenya
Imports of wadding; other articles thereof, other than of cotton or man-made fibreses into Kenya rose sharply to 739 kg in 2022, growing by 12% on 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 1,216% against the previous year. As a result, imports attained the peak of 9.9 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of wadding; other articles thereof, other than of cotton or man-made fibreses expanded remarkably to $3.5K in 2022. Overall, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 2,001%. As a result, imports reached the peak of $55K. From 2021 to 2022, the growth of imports of failed to regain momentum.
Import of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 0.7 | 26.3 | 1.6 | 2.0 | 41.9% |
United Kingdom | 1.3 | 16.8 | 1.0 | 1.2 | -2.6% |
Turkey | 0.1 | 2.0 | 0.1 | 0.1 | 0.0% |
Jordan | N/A | 0.3 | N/A | N/A | 0% |
China | N/A | 0.4 | N/A | N/A | 0% |
South Africa | 0.4 | 8.5 | 0.2 | N/A | -29.3% |
Others | N/A | 0.3 | 0.1 | N/A | -66.7% |
Total | 2.6 | 54.6 | 3.1 | 3.5 | 10.4% |
Top Suppliers of Wadding; Other Articles Thereof, Other than of Cotton or Man-Made Fibres to Kenya in 2022:
- Poland (413.0 kg)
- United Kingdom (247.0 kg)
- Jordan (32.0 kg)
- Turkey (16.0 kg)
- South Africa (6.0 kg)
- China (2.0 kg)
This report provides an in-depth analysis of the wadding market in Kenya.
This report provides an in-depth analysis of the textile wadding market in Kenya.
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This report provides an in-depth analysis of the wadding market in Kenya.
This report provides an in-depth analysis of the textile wadding market in Kenya.
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