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

Contents:

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

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

In 2022, the average export price for yarn of other vegetable textile fibres; paper yarns amounted to $1,086 per ton, picking up by 2.6% against the previous year. Overall, the export price showed perceptible growth. The most prominent rate of growth was recorded in 2014 an increase of 89% against the previous year. The export price peaked at $2,960 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($1,923 per ton), while the average price for exports to Senegal ($363 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 Saudi Arabia (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for yarn of other vegetable textile fibres; paper yarns stood at $4,807 per ton in 2022, picking up by 36% against the previous year. Overall, the import price saw a noticeable increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 89% against the previous year. As a result, import price attained the peak level of $9,038 per ton. From 2021 to 2022, the average 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 South Africa ($39,500 per ton), while the price for Tanzania ($581 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+40.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

For the fourth year in a row, Kenya recorded growth in shipments abroad of yarn of other vegetable textile fibres; paper yarns, which increased by 10% to 2.6K tons in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 249% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of yarn of other vegetable textile fibres; paper yarns expanded significantly to $2.9M in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 178%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

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

1. Nigeria (2047.5 tons)
2. Togo (267.8 tons)
3. Ghana (128.7 tons)
4. Senegal (80.1 tons)
5. Cote d'Ivoire (47.6 tons)
6. Burkina Faso (27.3 tons)

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

Imports of yarn of other vegetable textile fibres; paper yarns into Kenya dropped rapidly to 57 kg in 2022, with a decrease of -89.9% against the year before. In general, imports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2021 when imports increased by 331% against the previous year. As a result, imports attained the peak of 564 kg, and then plummeted in the following year.

In value terms, imports of yarn of other vegetable textile fibres; paper yarns declined sharply to $274 in 2022. Overall, imports faced a sharp reduction. The growth pace was the most rapid in 2020 with an increase of 79% against the previous year.

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

1. Tanzania (31.0 kg)
2. India (17.0 kg)
3. Netherlands (4.0 kg)
4. South Africa (2.0 kg)
5. Finland (2.0 kg)
6. China (1.0 kg)

Source: IndexBox Market Intelligence Platform