Price for Fibres; Synthetic Filament Tow, of Polypropylene in Kenya - 2022

Contents:

1. Price for Fibres; Synthetic Filament Tow, of Polypropylene in Kenya (CIF) - 2022
2. Price for Fibres; Synthetic Filament Tow, of Polypropylene in Kenya (FOB) - 2022
3. Imports of Fibres; Synthetic Filament Tow, of Polypropylene in Kenya
4. Exports of Fibres; Synthetic Filament Tow, of Polypropylene in Kenya

Price for Fibres; Synthetic Filament Tow, of Polypropylene in Kenya (CIF) - 2022

In 2022, the average import price for fibres; synthetic filament tow, of polypropylene amounted to $2,461 per ton, reducing by -4.5% against the previous year. Over the period under review, the import price continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2019 an increase of 13% against the previous year. The import price peaked at $4,381 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2,628 per ton), while the price for South Korea ($2,427 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-2.8%), while the prices for the other major suppliers experienced a decline.

Price for Fibres; Synthetic Filament Tow, of Polypropylene in Kenya (FOB) - 2022

The average export price for fibres; synthetic filament tow, of polypropylene stood at $5,615 per ton in 2022, reducing by -3.2% against the previous year. In general, the export price, however, showed buoyant growth. The growth pace was the most rapid in 2020 an increase of 123%. As a result, the export price attained the peak level of $6,356 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Rwanda.

From 2016 to 2022, the rate of growth in terms of prices for Zambia amounted to +2.5% per year.

Imports of Fibres; Synthetic Filament Tow, of Polypropylene in Kenya

In 2022, approx. 3.5K tons of fibres; synthetic filament tow, of polypropylene were imported into Kenya; jumping by 35% against the previous year. Overall, imports, however, continue to indicate a relatively flat trend pattern.

In value terms, imports of fibres; synthetic filament tow, of polypropylene skyrocketed to $8.7M in 2022. Over the period under review, imports, however, recorded a pronounced reduction.

Top Suppliers of Fibres; Synthetic Filament Tow, of Polypropylene to Kenya in 2022:

1. South Korea (1652.3 tons)
2. South Africa (1476.1 tons)
3. China (354.8 tons)

Exports of Fibres; Synthetic Filament Tow, of Polypropylene in Kenya

In 2022, overseas shipments of fibres; synthetic filament tow, of polypropylene decreased by -13.3% to 13 kg, falling for the second year in a row after two years of growth. Over the period under review, exports faced a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 5,010% against the previous year. As a result, the exports attained the peak of 7.9 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of fibres; synthetic filament tow, of polypropylene declined rapidly to $73 in 2022. In general, exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2020 with an increase of 11,314% against the previous year. As a result, the exports attained the peak of $50K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Fibres; Synthetic Filament Tow, of Polypropylene from Kenya in 2022:

1. Rwanda (13.0 kg)

Source: IndexBox Market Intelligence Platform