Price for Silk; Woven Fabrics of Noil Silk in Ethiopia - 2022
Contents:
- Price for Silk; Woven Fabrics of Noil Silk in Ethiopia (FOB) - 2022
- Exports of Silk; Woven Fabrics of Noil Silk in Ethiopia
Price for Silk; Woven Fabrics of Noil Silk in Ethiopia (FOB) - 2022
In 2022, the average export price for silk; woven fabrics of noil silks amounted to $44,000 per ton, jumping by 94% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced shrinkage. The export price peaked at $64,838 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($110,500 per ton), while the average price for exports to Nigeria amounted to $21,833 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+28.6%).
Exports of Silk; Woven Fabrics of Noil Silk in Ethiopia
In 2022, after two years of growth, there was significant decline in shipments abroad of silk; woven fabrics of noil silks, when their volume decreased by -89.3% to 8 kg. Overall, exports recorded a precipitous setback. The pace of growth appeared the most rapid in 2021 when exports increased by 178%. As a result, the exports reached the peak of 75 kg, and then fell sharply in the following year.
In value terms, exports of silk; woven fabrics of noil silks shrank sharply to $352 in 2022. In general, exports recorded a precipitous decline. The most prominent rate of growth was recorded in 2021 when exports increased by 162%. As a result, the exports reached the peak of $1.7K, and then dropped rapidly in the following year.
| Export of Silk; Woven Fabrics of Noil Silk in Ethiopia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Cote d'Ivoire | 320 | N/A | 221 | -16.9% | |
| Nigeria | 330 | 1,700 | 131 | -37.0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 650 | 1,700 | 352 | -26.4% | |
Top Export Markets for Silk; Woven Fabrics of Noil Silk from Ethiopia in 2022:
- Nigeria (6.0 kg)
- Cote d'Ivoire (2.0 kg)
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