Price for Cotton; Yarn Waste (Including Thread Waste) in Kenya - 2022

Contents:

1. Price for Cotton; Yarn Waste (Including Thread Waste) in Kenya (CIF) - 2022
2. Price for Cotton; Yarn Waste (Including Thread Waste) in Kenya (FOB) - 2022
3. Imports of Cotton; Yarn Waste (Including Thread Waste) in Kenya
4. Exports of Cotton; Yarn Waste (Including Thread Waste) in Kenya

Price for Cotton; Yarn Waste (Including Thread Waste) in Kenya (CIF) - 2022

In 2022, the average import price for cotton; yarn waste (including thread waste) amounted to $2,328 per ton, rising by 37% against the previous year. Over the period under review, the import price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 an increase of 70% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($2,881 per ton), while the price for Tanzania ($190 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+13.5%), while the prices for the other major suppliers experienced a decline.

Price for Cotton; Yarn Waste (Including Thread Waste) in Kenya (FOB) - 2022

The average export price for cotton; yarn waste (including thread waste) stood at $5,718 per ton in 2022, rising by 121% against the previous year. In general, the export price saw a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Rwanda ($9,550 per ton), while the average price for exports to Singapore amounted to $1,540 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cotton; Yarn Waste (Including Thread Waste) in Kenya

For the fourth year in a row, Kenya recorded growth in overseas purchases of cotton; yarn waste (including thread waste), which increased by 57% to 69 tons in 2022. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 105%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, imports of cotton; yarn waste (including thread waste) surged to $160K in 2022. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 248% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Cotton; Yarn Waste (Including Thread Waste) to Kenya in 2022:

1. India (28.9 tons)
2. Pakistan (19.2 tons)
3. Vietnam (16.3 tons)
4. Tanzania (4.3 tons)

Exports of Cotton; Yarn Waste (Including Thread Waste) in Kenya

For the third consecutive year, Kenya recorded decline in overseas shipments of cotton; yarn waste (including thread waste), which decreased by -95.6% to 209 kg in 2022. Over the period under review, exports faced a dramatic downturn. The smallest decline of -50.9% was in 2020.

In value terms, exports of cotton; yarn waste (including thread waste) dropped dramatically to $1.2K in 2022. Overall, exports showed a dramatic shrinkage. The smallest decline of -21.6% was in 2020.

Top Export Markets for Cotton; Yarn Waste (Including Thread Waste) from Kenya in 2022:

1. Rwanda (109.0 kg)
2. Singapore (100.0 kg)

Source: IndexBox Market Intelligence Platform