Price for Clothing; Parts, Knitted or Crocheted in Kenya - 2021

Contents:

1. Price for Clothing; Parts, Knitted or Crocheted in Kenya (CIF) - 2022
2. Price for Clothing; Parts, Knitted or Crocheted in Kenya (FOB) - 2022
3. Imports of Clothing; Parts, Knitted or Crocheted in Kenya
4. Exports of Clothing; Parts, Knitted or Crocheted in Kenya

Price for Clothing; Parts, Knitted or Crocheted in Kenya (CIF) - 2022

The average import price for clothing; parts, knitted or crocheted stood at $16,371 per ton in 2022, growing by 30% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 an increase of 51% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($23,783 per ton), while the price for Sri Lanka ($13,349 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Clothing; Parts, Knitted or Crocheted in Kenya (FOB) - 2022

The average export price for clothing; parts, knitted or crocheted stood at $9,460 per ton in 2022, with a decrease of -64.8% against the previous year. Over the period under review, the export price, however, showed a noticeable expansion. The most prominent rate of growth was recorded in 2013 an increase of 426% against the previous year. As a result, the export price reached the peak level of $34,170 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($63,444 per ton), while the average price for exports to Burundi ($6,404 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 South Sudan (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Clothing; Parts, Knitted or Crocheted in Kenya

In 2022, after two years of decline, there was significant growth in purchases abroad of clothing; parts, knitted or crocheted, when their volume increased by 263% to 57 tons. In general, imports, however, recorded a abrupt decrease.

In value terms, clothing; parts, knitted or crocheted imports skyrocketed to $939K in 2022. Overall, imports, however, continue to indicate a abrupt downturn.

Top Suppliers of Clothing; Parts, Knitted or Crocheted to Kenya in 2022:

1. Sri Lanka (30.7 tons)
2. India (13.7 tons)
3. China (8.2 tons)
4. Hong Kong SAR (4.0 tons)

Exports of Clothing; Parts, Knitted or Crocheted in Kenya

In 2022, shipments abroad of clothing; parts, knitted or crocheted decreased by -26.8% to 478 kg, falling for the second year in a row after two years of growth. Overall, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 253%. As a result, the exports attained the peak of 1.1 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, clothing; parts, knitted or crocheted exports dropped markedly to $4.5K in 2022. In general, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 196% against the previous year.

Top Export Markets for Clothing; Parts, Knitted or Crocheted from Kenya in 2022:

1. Burundi (423.0 kg)
2. South Sudan (41.0 kg)
3. United States (9.0 kg)

Source: IndexBox Market Intelligence Platform