Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Ethiopia - 2022
Contents:
- Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Ethiopia (CIF) - 2022
- Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Ethiopia
Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Ethiopia (CIF) - 2022
In 2022, the average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $2,383 per ton, falling by -3% against the previous year. Over the period under review, the import price recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 27% against the previous year. Over the period under review, average import prices attained the peak figure at $3,058 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 China ($3,192 per ton), while the price for India ($1,792 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.5%), while the prices for the other major suppliers experienced a decline.
Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Ethiopia
In 2022, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings into Ethiopia skyrocketed to 528 tons, with an increase of 30% against the year before. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 85% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings skyrocketed to $1.3M in 2022. In general, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 88%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 232 | 38.7 | 172 | 662 | 41.8% |
| India | 143 | 681 | 218 | 528 | 54.6% |
| United States | N/A | N/A | N/A | 62.7 | 0% |
| Turkey | 91.0 | 157 | 11.8 | 7.2 | -57.1% |
| Indonesia | N/A | N/A | 598 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 466 | 877 | 1,000 | 1,259 | 39.3% |
Top Suppliers of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning to Ethiopia in 2022:
- India (294.5 tons)
- China (207.3 tons)
- United States (23.3 tons)
- Turkey (3.3 tons)
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