Price for Knitted or Crocheted Pile Fabrics in Ghana - 2023

Contents:

1. Price for Knitted or Crocheted Pile Fabrics in Ghana (CIF) - 2022
2. Price for Knitted or Crocheted Pile Fabrics in Ghana (FOB) - 2022
3. Imports of Knitted or Crocheted Pile Fabrics in Ghana
4. Exports of Knitted or Crocheted Pile Fabrics in Ghana

Price for Knitted or Crocheted Pile Fabrics in Ghana (CIF) - 2022

In 2022, the average import price for knitted or crocheted pile fabricses amounted to $3,243 per ton, leveling off at the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 139% against the previous year. As a result, import price reached the peak level of $7,823 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 Lebanon ($6,021 per ton), while the price for Italy ($1,644 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the prices for the other major suppliers experienced a decline.

Price for Knitted or Crocheted Pile Fabrics in Ghana (FOB) - 2022

In 2022, the average export price for knitted or crocheted pile fabricses amounted to $2,313 per ton, declining by -74.7% against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 an increase of 40%. The export price peaked at $20,000 per ton in 2013; however, from 2014 to 2022, the 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 France ($19,912 per ton), while the average price for exports to Nigeria ($823 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 Burkina Faso (+1.5%), while the prices for the other major destinations experienced a decline.

Imports of Knitted or Crocheted Pile Fabrics in Ghana

For the fourth consecutive year, Ghana recorded growth in overseas purchases of knitted or crocheted pile fabricses, which increased by 11% to 1.6K tons in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +25.4% 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 +97.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 59% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, knitted or crocheted pile fabrics imports expanded rapidly to $5.1M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.2% 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 +82.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 40% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Knitted or Crocheted Pile Fabrics to Ghana in 2022:

1. United Arab Emirates (1115.5 tons)
2. China (226.0 tons)
3. Italy (112.4 tons)
4. Lebanon (98.7 tons)
5. Turkey (20.4 tons)

Exports of Knitted or Crocheted Pile Fabrics in Ghana

In 2022, shipments abroad of knitted or crocheted pile fabricses was finally on the rise to reach 458 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, knitted or crocheted pile fabrics exports surged to $1.1K in 2022. In general, exports posted a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Knitted or Crocheted Pile Fabrics from Ghana in 2022:

1. Nigeria (358.0 kg)
2. Sweden (46.0 kg)
3. South Africa (45.0 kg)
4. France (5.0 kg)
5. Tanzania (3.0 kg)

Source: IndexBox Market Intelligence Platform