Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Ghana - 2023
Contents:
- Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Ghana (CIF) - 2022
- Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Ghana (FOB) - 2022
- Imports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Ghana
- Exports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Ghana
Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Ghana (CIF) - 2022
The average import price for fabrics, knitted or crocheted, of a width of > 30 cms stood at $5,342 per ton in 2022, flattening at the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 28%. Over the period under review, average import prices hit record highs at $8,802 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 Spain ($22,171 per ton), while the price for Vietnam ($3,277 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+15.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Ghana (FOB) - 2022
The average export price for fabrics, knitted or crocheted, of a width of > 30 cms stood at $5,844 per ton in 2022, which is down by -14.2% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 127% against the previous year. As a result, the export price attained the peak level of $9,832 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Togo ($7,803 per ton), while the average price for exports to Burkina Faso ($228 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 Burkina Faso (-25.0%).
Imports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Ghana
For the fourth year in a row, Ghana recorded growth in overseas purchases of fabrics, knitted or crocheted, of a width of > 30 cms, which increased by 24% to 8.7K tons in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 39%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of fabrics, knitted or crocheted, of a width of > 30 cms skyrocketed to $47M in 2022. In general, imports saw significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 41%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.7 | 4.5 | 13.8 | 23.9 | 86.2% |
| Hong Kong SAR | 0.9 | 1.2 | 9.4 | 12.4 | 139.7% |
| Taiwan (Chinese) | 6.2 | 1.0 | 4.6 | 5.4 | -4.5% |
| Spain | 1.7 | 2.2 | 4.6 | 3.3 | 24.7% |
| Turkey | 2.8 | 3.7 | 3.1 | 0.6 | -40.2% |
| Vietnam | N/A | 6.7 | 0.8 | 0.4 | -75.6% |
| Indonesia | 2.9 | 6.5 | N/A | N/A | 124.1% |
| Others | 2.1 | 0.8 | 1.2 | 0.6 | -34.1% |
| Total | 20.3 | 26.5 | 37.4 | 46.5 | 31.8% |
Top Suppliers of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm to Ghana in 2022:
- China (6.7K tons)
- Hong Kong SAR (0.7K tons)
- Taiwan (Chinese) (0.5K tons)
- Turkey (0.2K tons)
- Vietnam (0.1K tons)
- Spain (0.1K tons)
Exports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Ghana
After two years of decline, shipments abroad of fabrics, knitted or crocheted, of a width of > 30 cms increased by 20,468% to 120 tons in 2022. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of fabrics, knitted or crocheted, of a width of > 30 cms surged to $700K in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Togo | N/A | N/A | N/A | 404 | 0% |
| Benin | N/A | N/A | N/A | 278 | 0% |
| Burkina Faso | 1.8 | 3.5 | 0.8 | 5.7 | 46.8% |
| Others | 4.0 | 7.8 | 3.2 | 11.5 | 42.2% |
| Total | 5.8 | 11.3 | 4.0 | 700 | 394.2% |
Top Export Markets for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm from Ghana in 2022:
- Togo (51.8 tons)
- Benin (42.2 tons)
- Burkina Faso (24.8 tons)
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