Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Kenya - 2022

Contents:

1. Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Kenya (FOB) - 2022
2. Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Kenya (CIF) - 2022
3. Exports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Kenya
4. Imports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Kenya

Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Kenya (FOB) - 2022

The average export price for yarn; of jute or of other textile bast fibres, singles stood at $751 per ton in 2022, rising by 22% against the previous year. Overall, the export price, however, showed a perceptible setback. Over the period under review, the average export prices reached the maximum at $1,562 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Uganda.

From 2012 to 2022, the rate of growth in terms of prices for Uganda amounted to -4.5% per year.

Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Kenya (CIF) - 2022

The average import price for yarn; of jute or of other textile bast fibres, singles stood at $1,646 per ton in 2022, rising by 91% against the previous year. In general, the import price enjoyed a notable expansion. The growth pace was the most rapid in 2015 when the average import price increased by 120%. Over the period under review, average import prices attained the peak figure at $2,323 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bangladesh ($1,827 per ton), while the price for India amounted to $613 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+5.5%).

Exports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Kenya

In 2022, shipments abroad of yarn; of jute or of other textile bast fibres, singles decreased by -55.4% to 18 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a precipitous contraction. The most prominent rate of growth was recorded in 2020 with an increase of 33% against the previous year. As a result, the exports attained the peak of 56 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of yarn; of jute or of other textile bast fibres, singles declined sharply to $14K in 2022. In general, exports saw a precipitous slump. The pace of growth was the most pronounced in 2020 with an increase of 31%. As a result, the exports attained the peak of $66K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Yarn; of Jute or of Other Textile Bast Fibres, Single from Kenya in 2022:

1. Uganda (18.2 tons)

Imports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Kenya

For the third year in a row, Kenya recorded decline in overseas purchases of yarn; of jute or of other textile bast fibres, singles, which decreased by -40% to 523 kg in 2022. Over the period under review, imports continue to indicate a dramatic descent. The smallest decline of -8.6% was in 2020.

In value terms, imports of yarn; of jute or of other textile bast fibres, singles rose notably to $861 in 2022. In general, imports showed a dramatic shrinkage.

Top Suppliers of Yarn; of Jute or of Other Textile Bast Fibres, Single to Kenya in 2022:

1. Bangladesh (445.0 kg)
2. India (75.0 kg)

Source: IndexBox Market Intelligence Platform