Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Ghana - 2022

Contents:

1. Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Ghana (CIF) - 2022
2. Imports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Ghana

Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Ghana (CIF) - 2022

The average import price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s stood at $4,643 per ton in 2022, growing by 42% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the average import price increased by 66%. Over the period under review, average import prices attained the maximum at $5,695 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.6% per year.

Imports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Ghana

For the third consecutive year, Ghana recorded decline in purchases abroad of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s, which decreased by -64.8% to 70 kg in 2022. Over the period under review, imports faced a sharp shrinkage. The smallest decline of -12.6% was in 2020.

In value terms, imports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s declined rapidly to $325 in 2022. In general, imports faced a precipitous slump. The smallest decline of -29.3% was in 2021.

Top Suppliers of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) to Ghana in 2022:

1. China (69.0 kg)

Source: IndexBox Market Intelligence Platform