Price for Knitted or Crocheted Pile Fabrics in Tanzania - 2023

Contents:

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

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

In 2022, the average import price for knitted or crocheted pile fabricses amounted to $3,422 per ton, picking up by 6.4% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 33%. Over the period under review, average import prices reached the maximum at $4,585 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 the United States ($44,394 per ton), while the price for the United Arab Emirates ($975 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.0%), while the prices for the other major suppliers experienced a decline.

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

The average export price for knitted or crocheted pile fabricses stood at $632 per ton in 2022, reducing by -93.7% against the previous year. Overall, the export price recorded a sharp setback. The pace of growth was the most pronounced in 2020 an increase of 43%. The export price peaked at $9,974 per ton in 2021, and then declined notably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malawi ($3,056 per ton), while the average price for exports to Kenya ($200 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 Democratic Republic of the Congo (+6.4%), while the prices for the other major destinations experienced a decline.

Imports of Knitted or Crocheted Pile Fabrics in Tanzania

In 2022, knitted or crocheted pile fabrics imports into Tanzania rose notably to 1.8K tons, growing by 7.2% against 2021 figures. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 71% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, knitted or crocheted pile fabrics imports expanded sharply to $6.3M in 2022. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 80%. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. China (1301.4 tons)
2. United Arab Emirates (325.4 tons)
3. United States (83.5 tons)
4. Taiwan (Chinese) (57.8 tons)
5. India (37.1 tons)

Exports of Knitted or Crocheted Pile Fabrics in Tanzania

In 2022, the amount of knitted or crocheted pile fabricses exported from Tanzania skyrocketed to 1.2 tons, with an increase of 1,479% on 2021. In general, exports continue to indicate resilient growth. 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 amounted to $758 in 2022. Over the period under review, exports, however, recorded a sharp curtailment. The smallest decline of -85.5% was in 2020.

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

1. Kenya (1153.0 kg)
2. Democratic Republic of the Congo (24.0 kg)

Source: IndexBox Market Intelligence Platform