Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Ghana - 2023

Contents:

1. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Ghana (CIF) - 2022
2. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Ghana (FOB) - 2022
3. Imports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Ghana
4. Exports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Ghana

Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Ghana (CIF) - 2022

The average import price for yarn of other vegetable textile fibres; paper yarns stood at $1,411 per ton in 2022, which is down by -24.2% against the previous year. Overall, the import price, however, showed a noticeable expansion. The growth pace was the most rapid in 2013 when the average import price increased by 13%. Over the period under review, average import prices hit record highs at $1,862 per ton in 2021, and then contracted rapidly in the following year.

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 Egypt ($2,855 per ton), while the price for Tunisia ($110 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Ghana (FOB) - 2022

In 2022, the average export price for yarn of other vegetable textile fibres; paper yarns amounted to $162 per ton, approximately reflecting the previous year. Over the period under review, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2013 an increase of 3,916% against the previous year. As a result, the export price attained the peak level of $4,000 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($440 per ton), while the average price for exports to Cote d'Ivoire totaled $159 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (-14.1%).

Imports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Ghana

In 2022, approx. 321 tons of yarn of other vegetable textile fibres; paper yarns were imported into Ghana; picking up by 79% compared with the previous year. Overall, imports, however, continue to indicate a sharp setback.

In value terms, imports of yarn of other vegetable textile fibres; paper yarns surged to $452K in 2022. In general, imports, however, faced a deep contraction.

Top Suppliers of Yarn of Other Vegetable Textile Fibres; Paper Yarn to Ghana in 2022:

1. Madagascar (141.1 tons)
2. Tanzania (71.9 tons)
3. Kenya (68.8 tons)
4. Tunisia (26.2 tons)
5. India (6.3 tons)
6. Egypt (5.3 tons)

Exports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Ghana

After two years of decline, shipments abroad of yarn of other vegetable textile fibres; paper yarns decreased by 0% to 15 tons in 2022. Over the period under review, exports showed a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of yarn of other vegetable textile fibres; paper yarns stood at $2.4K in 2022. In general, exports showed significant growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Yarn of Other Vegetable Textile Fibres; Paper Yarn from Ghana in 2022:

1. Cote d'Ivoire (14.9 tons)

Source: IndexBox Market Intelligence Platform