Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Ethiopia - 2022

Contents:

1. Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Ethiopia (FOB) - 2022
2. Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Ethiopia (CIF) - 2022
3. Exports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Ethiopia
4. Imports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Ethiopia

Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Ethiopia (FOB) - 2022

In 2022, the average export price for waste (including noils, yarn waste and garnetted stock), of man-made fibreses amounted to $656 per ton, with an increase of 15% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $666 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($1,519 per ton), while the average price for exports to Saudi Arabia ($570 per ton) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+57.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Ethiopia (CIF) - 2022

In 2022, the average import price for waste (including noils, yarn waste and garnetted stock), of man-made fibreses amounted to $1,761 per ton, with an increase of 31% against the previous year. Over the period under review, the import price enjoyed a measured increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 97% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in years to come.

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 ($5,773 per ton), while the price for India ($976 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.4%), while the prices for the other major suppliers experienced a decline.

Exports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Ethiopia

After two years of growth, shipments abroad of waste (including noils, yarn waste and garnetted stock), of man-made fibreses decreased by -15.2% to 640 tons in 2022. In general, total exports indicated a significant expansion from 2020 to 2022: its volume increased at an average annual rate of +21.3% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 74%. As a result, the exports attained the peak of 756 tons, and then contracted dramatically in the following year.

In value terms, exports of waste (including noils, yarn waste and garnetted stock), of man-made fibreses fell slightly to $420K in 2022. Over the period under review, total exports indicated significant growth from 2020 to 2022: its value increased at an average annual rate of +20.4% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 49% against the previous year. As a result, the exports reached the peak of $430K, and then contracted modestly in the following year.

Top Export Markets for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres from Ethiopia in 2022:

1. Kenya (360.4 tons)
2. Saudi Arabia (97.6 tons)
3. Spain (85.5 tons)
4. Mexico (29.2 tons)
5. United States (28.5 tons)
6. United Kingdom (14.3 tons)
7. Botswana (14.2 tons)
8. Zambia (10.7 tons)

Imports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Ethiopia

In 2022, approx. 120 tons of waste (including noils, yarn waste and garnetted stock), of man-made fibreses were imported into Ethiopia; rising by 26% against the previous year. Overall, imports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 49% against the previous year.

In value terms, imports of waste (including noils, yarn waste and garnetted stock), of man-made fibreses skyrocketed to $212K in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 194% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres to Ethiopia in 2022:

1. China (69.1 tons)
2. India (49.6 tons)
3. Turkey (1.6 tons)

Source: IndexBox Market Intelligence Platform