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

Contents:

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

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

In 2022, the average import price for woven fabrics of artificial staple fibres amounted to $6.3 per square meter, declining by -2.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2019 an increase of 26% against the previous year. The import price peaked at $6.5 per square meter in 2021, and then fell in the following year.

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 Thailand ($55 per square meter), while the price for Indonesia ($2.7 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+29.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for woven fabrics of artificial staple fibres amounted to $5.3 per square meter, falling by -5.8% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 32%. As a result, the export price reached the peak level of $5.8 per square meter. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($8.6 per square meter), while the average price for exports to Uganda ($2.7 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+12.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Woven Fabrics of Artificial Staple Fibres in Tanzania

In 2022, after three years of growth, there was significant decline in overseas purchases of woven fabrics of artificial staple fibres, when their volume decreased by -32.6% to 1.2M square meters. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 188%. As a result, imports reached the peak of 1.8M square meters, and then declined remarkably in the following year.

In value terms, imports of woven fabrics of artificial staple fibres fell remarkably to $7.6M in 2022. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 219%. As a result, imports attained the peak of $12M, and then dropped significantly in the following year.

Import of Woven Fabrics of Artificial Staple Fibres in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Thailand1407651,6921,502120.6%
China1,5591,9951,6091,428-2.9%
United Arab Emirates1,086599189484-23.6%
Kenya483207201179-28.2%
Indonesia32.637.415113460.2%
Others41.435.27,7573,892354.7%
Total3,3423,63811,5997,61931.6%

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

  1. China (329.1K square meters)
  2. United Arab Emirates (161.3K square meters)
  3. Indonesia (49.3K square meters)
  4. Kenya (29.1K square meters)
  5. Thailand (27.1K square meters)

Exports of Woven Fabrics of Artificial Staple Fibres in Tanzania

In 2022, exports of woven fabrics of artificial staple fibres from Tanzania declined modestly to 21K square meters, which is down by -4.2% compared with the year before. Overall, exports faced a sharp decline. The pace of growth was the most pronounced in 2021 when exports increased by 9.1% against the previous year. Over the period under review, the exports of attained the maximum at 85K square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of woven fabrics of artificial staple fibres reduced to $111K in 2022. In general, exports faced a sharp curtailment. The growth pace was the most rapid in 2021 with an increase of 24%. The exports peaked at $405K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Woven Fabrics of Artificial Staple Fibres in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Kenya35761.148.356.6-45.9%
Malawi1.20.455.438.5217.8%
France40.924.29.49.9-37.7%
Uganda2.911.67.45.120.7%
Others2.82.12.91.2-24.6%
Total40599.3123111-35.0%

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

  1. Malawi (9.5K square meters)
  2. Kenya (6.6K square meters)
  3. France (2.8K square meters)
  4. Uganda (1.9K square meters)

Source: IndexBox Market Intelligence Platform

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