Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Kenya - 2022

Contents:

1. Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Kenya (CIF) - 2022
2. Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Kenya (FOB) - 2022
3. Imports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Kenya
4. Exports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Kenya

Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Kenya (CIF) - 2022

The average import price for waste (including noils, yarn waste and garnetted stock), of man-made fibreses stood at $570 per ton in 2022, approximately mirroring the previous year. Overall, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by 21% against the previous year. Over the period under review, average import prices attained the peak figure at $1,234 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($1,286 per ton), while the price for Italy ($412 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Kenya (FOB) - 2022

In 2022, the average export price for waste (including noils, yarn waste and garnetted stock), of man-made fibreses amounted to $701 per ton, declining by -14.6% against the previous year. In general, the export price, however, saw a mild expansion. The growth pace was the most rapid in 2016 an increase of 411%. As a result, the export price reached the peak level of $3,824 per ton. From 2017 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 Uganda.

From 2012 to 2022, the rate of growth in terms of prices for Rwanda amounted to +414.5% per year.

Imports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Kenya

In 2022, the amount of waste (including noils, yarn waste and garnetted stock), of man-made fibreses imported into Kenya skyrocketed to 3.9K tons, with an increase of 147% compared with 2021 figures. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of waste (including noils, yarn waste and garnetted stock), of man-made fibreses soared to $2.3M in 2022. Over the period under review, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres to Kenya in 2022:

1. Uganda (2387.5 tons)
2. China (631.3 tons)
3. Ethiopia (449.1 tons)
4. Morocco (232.9 tons)
5. Belgium (68.9 tons)
6. United Kingdom (44.8 tons)

Exports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Kenya

For the fourth consecutive year, Kenya recorded growth in shipments abroad of waste (including noils, yarn waste and garnetted stock), of man-made fibreses, which increased by 18% to 37 tons in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 158% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of waste (including noils, yarn waste and garnetted stock), of man-made fibreses reached $26K in 2022. In general, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 152%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres from Kenya in 2022:

1. Uganda (36.7 tons)

Source: IndexBox Market Intelligence Platform