Price for Yarn; of Flax, Multiple (Folded) or Cabled in Ghana - 2022

Contents:

1. Price for Yarn; of Flax, Multiple (Folded) or Cabled in Ghana (CIF) - 2022
2. Imports of Yarn; of Flax, Multiple (Folded) or Cabled in Ghana

Price for Yarn; of Flax, Multiple (Folded) or Cabled in Ghana (CIF) - 2022

In 2022, the average import price for yarn; of flax, multiple (folded) or cableds amounted to $5,729 per ton, approximately equating the previous year. In general, the import price saw a abrupt decline. The growth pace was the most rapid in 2016 when the average import price increased by 19% against the previous year. Over the period under review, average import prices reached the peak figure at $16,209 per ton in 2013; however, from 2014 to 2022, 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 Norway ($64,796 per ton), while the price for Turkey ($2,603 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.5%), while the prices for the other major suppliers experienced a decline.

Imports of Yarn; of Flax, Multiple (Folded) or Cabled in Ghana

In 2022, the amount of yarn; of flax, multiple (folded) or cableds imported into Ghana contracted markedly to 2.7 tons, which is down by -74.3% on 2021 figures. Over the period under review, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 649% against the previous year. As a result, imports attained the peak of 10 tons, and then fell sharply in the following year.

In value terms, imports of yarn; of flax, multiple (folded) or cableds totaled $59K in 2022. In general, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 67%. Imports peaked in 2022 and are likely to continue growth in years to come.

Top Suppliers of Yarn; of Flax, Multiple (Folded) or Cabled to Ghana in 2022:

1. Turkey (1487.0 kg)
2. Norway (770.0 kg)
3. China (398.0 kg)

Source: IndexBox Market Intelligence Platform