Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Ghana - 2022

Contents:

1. Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Ghana (CIF) - 2022
2. Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Ghana (FOB) - 2022
3. Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Ghana
4. Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Ghana

Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Ghana (CIF) - 2022

In 2022, the average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $2,632 per ton, increasing by 19% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings increased by +54.2% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 46%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($7,500 per ton), while the price for Taiwan (Chinese) ($2,190 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+27.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Ghana (FOB) - 2022

In 2022, the average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $2,008 per ton, surging by 3% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 85%. The export price peaked at $3,218 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($2,486 per ton), while the average price for exports to Mali amounted to $1,807 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+24.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Ghana

For the third year in a row, Ghana recorded decline in supplies from abroad of synthetic staple fibres, carded, combed or otherwise processed for spinnings, which decreased by -33.4% to 519 kg in 2022. In general, imports continue to indicate a dramatic decrease.

In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings shrank rapidly to $1.4K in 2022. Overall, imports saw a sharp descent.

Top Suppliers of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning to Ghana in 2022:

1. Taiwan (Chinese) (422.0 kg)
2. China (68.0 kg)
3. United States (20.0 kg)

Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Ghana

For the third consecutive year, Ghana recorded decline in overseas shipments of synthetic staple fibres, carded, combed or otherwise processed for spinnings, which decreased by -20.9% to 125 kg in 2022. In general, exports showed a significant decrease. The smallest decline of -19.4% was in 2021.

In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings dropped sharply to $251 in 2022. Overall, exports saw a abrupt decline. The smallest decline of -17.9% was in 2021.

Top Export Markets for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning from Ghana in 2022:

1. Mali (88.0 kg)
2. Niger (37.0 kg)

Source: IndexBox Market Intelligence Platform