Price for Woven Fabrics of Artificial Staple Fibres in Kenya - 2022

Contents:

1. Price for Woven Fabrics of Artificial Staple Fibres in Kenya (CIF) - 2022
2. Price for Woven Fabrics of Artificial Staple Fibres in Kenya (FOB) - 2022
3. Imports of Woven Fabrics of Artificial Staple Fibres in Kenya
4. Exports of Woven Fabrics of Artificial Staple Fibres in Kenya

Price for Woven Fabrics of Artificial Staple Fibres in Kenya (CIF) - 2022

The average import price for woven fabrics of artificial staple fibres stood at $289 per thousand square meters in December 2021, increasing by 5.5% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in November 2021 when the average import price increased by 7.6% month-to-month. The import price peaked at $293 per thousand square meters in February 2021; however, from March 2021 to December 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was India ($359 per thousand square meters), while the price for the United Arab Emirates ($123 per thousand square meters) was amongst the lowest.

From January 2021 to December 2021, 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.

Price for Woven Fabrics of Artificial Staple Fibres in Kenya (FOB) - 2022

In 2022, the average export price for woven fabrics of artificial staple fibres amounted to $7.3 per square meter, surging by 24% against the previous year. In general, the export price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 108% against the previous year. As a result, the export price attained the peak level of $20 per square meter. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($7.3 per square meter), while the average price for exports to Rwanda stood at $4.1 per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Woven Fabrics of Artificial Staple Fibres in Kenya

After three years of growth, supplies from abroad of woven fabrics of artificial staple fibres decreased by -2.5% to 13M square meters in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 72%. Over the period under review, imports of hit record highs at 14M square meters in 2021, and then dropped in the following year.

In value terms, imports of woven fabrics of artificial staple fibres declined to $74M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +18.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 54%. Over the period under review, imports of hit record highs at $80M in 2021, and then declined in the following year.

Top Suppliers of Woven Fabrics of Artificial Staple Fibres to Kenya in 2022:

1. Spain (4.7M square meters)
2. Turkey (1.7M square meters)
3. Germany (0.7M square meters)
4. Poland (0.4M square meters)

Exports of Woven Fabrics of Artificial Staple Fibres in Kenya

In 2022, shipments abroad of woven fabrics of artificial staple fibres decreased by -18.2% to 1.8K square meters for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 157%. Over the period under review, the exports of attained the peak figure at 2.2K square meters in 2021, and then contracted rapidly in the following year.

In value terms, exports of woven fabrics of artificial staple fibres amounted to $13K in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 256%. As a result, the exports attained the peak of $13K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Woven Fabrics of Artificial Staple Fibres from Kenya in 2022:

1. United States (1796.0 square meters)
2. Rwanda (2.0 square meters)

Source: IndexBox Market Intelligence Platform