Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Kenya - 2022
Contents:
- Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Kenya (CIF) - 2022
- Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Kenya (FOB) - 2022
- Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Kenya
- Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Kenya
Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Kenya (CIF) - 2022
In December 2021, the average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $3,745 per ton, with a decrease of -2% against the previous month. Overall, import price indicated measured growth from January 2021 to December 2021: its price increased at an average monthly rate of +4.4% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings decreased by -2.0% against November 2021 indices. The growth pace was the most rapid in June 2021 when the average import price increased by 35% m-o-m. As a result, import price attained the peak level of $4,042 per ton. From July 2021 to December 2021, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From January 2021 to December 2021, the rate of growth in terms of prices for Thailand amounted to +5.0% per month.
Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Kenya (FOB) - 2022
In 2022, the average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $1,608 per ton, rising by 3.6% against the previous year. Over the period under review, the export price showed a pronounced increase. The pace of growth was the most pronounced in 2015 an increase of 134%. As a result, the export price reached the peak level of $3,354 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($3,238 per ton), while the average price for exports to Uganda ($692 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 Zambia (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Kenya
In 2022, overseas purchases of synthetic staple fibres, carded, combed or otherwise processed for spinnings decreased by -12.5% to 1.5K tons, falling for the second year in a row after two years of growth. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.9% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 84% against the previous year. As a result, imports attained the peak of 1.9K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings reached $5.9M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +25.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +97.0% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 55% against the previous year. Imports peaked 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 Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 2,091 | 3,653 | 4,576 | 4,323 | 27.4% |
| Taiwan (Chinese) | 412 | 418 | 342 | 585 | 12.4% |
| South Korea | 37.2 | 37.4 | 28.9 | 368 | 114.7% |
| Portugal | 336 | 289 | 200 | 291 | -4.7% |
| South Africa | 24.9 | 140 | 162 | 196 | 98.9% |
| Others | 91.4 | 89.8 | 74.0 | 130 | 12.5% |
| Total | 2,992 | 4,627 | 5,383 | 5,894 | 25.4% |
Top Suppliers of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning to Kenya in 2022:
- Turkey (997.0 tons)
- South Korea (178.6 tons)
- Taiwan (Chinese) (109.9 tons)
- South Africa (91.9 tons)
- Portugal (73.4 tons)
Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Kenya
For the fourth year in a row, Kenya recorded growth in shipments abroad of synthetic staple fibres, carded, combed or otherwise processed for spinnings, which increased by 53% to 60 tons in 2022. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 398% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings surged to $96K in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 418% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 4.4 | 20.2 | 54.2 | 87.6 | 171.0% |
| Zambia | 0.4 | 3.8 | 5.2 | 7.2 | 162.1% |
| Uganda | 0.1 | 0.7 | 0.8 | 0.9 | 108.0% |
| Others | N/A | 0.5 | 0.3 | 0.2 | -36.8% |
| Total | 4.9 | 25.2 | 60.6 | 95.9 | 169.5% |
Top Export Markets for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning from Kenya in 2022:
- Nigeria (56.1 tons)
- Zambia (2.2 tons)
- Uganda (1.3 tons)
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In value terms, carded and combed synthetic staple fibers imports stood at $X in 2016. Overall, carded and combed synthetic staple fibers imports continue to indicate a mild shrinkage. Global carde...
1264
In value terms, synthetic staple fibers exports stood at $X in 2016. Overall, synthetic staple fibers exports continue to indicate a relatively flat trend pattern. Over the period under review, glo...
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