Price for Woven Fabrics of Artificial Staple Fibres in Nigeria - 2022
Contents:
- Price for Woven Fabrics of Artificial Staple Fibres in Nigeria (CIF) - 2022
- Price for Woven Fabrics of Artificial Staple Fibres in Nigeria (FOB) - 2022
- Imports of Woven Fabrics of Artificial Staple Fibres in Nigeria
- Exports of Woven Fabrics of Artificial Staple Fibres in Nigeria
Price for Woven Fabrics of Artificial Staple Fibres in Nigeria (CIF) - 2022
In 2022, the average import price for woven fabrics of artificial staple fibres amounted to $9.5 per square meter, growing by 5.8% against the previous year. Over the period under review, the import price posted slight growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 170% against the previous year. Over the period under review, average import prices attained the maximum at $22 per square meter in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 Switzerland ($34 per square meter), while the price for Turkey ($4 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Woven Fabrics of Artificial Staple Fibres in Nigeria (FOB) - 2022
The average export price for woven fabrics of artificial staple fibres stood at $2.9 per square meter in 2022, remaining constant against the previous year. Overall, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2015 an increase of 9%. The export price peaked at $15 per square meter 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($13 per square meter), while the average price for exports to South Africa ($0.7 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 Burkina Faso (+2,423.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Woven Fabrics of Artificial Staple Fibres in Nigeria
In 2022, imports of woven fabrics of artificial staple fibres into Nigeria skyrocketed to 482K square meters, growing by 321% against 2021. Over the period under review, imports, however, continue to indicate a drastic downturn. Over the period under review, imports of hit record highs at 849K square meters in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of woven fabrics of artificial staple fibres skyrocketed to $4.6M in 2022. Overall, imports, however, recorded a abrupt shrinkage. Over the period under review, imports of reached the maximum at $8.1M in 2020; however, from 2021 to 2022, imports failed to regain momentum.
| Import of Woven Fabrics of Artificial Staple Fibres in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | N/A | 1.8 | 0% |
| Switzerland | N/A | N/A | N/A | 0.3 | 0% |
| Germany | N/A | N/A | N/A | 0.2 | 0% |
| Turkey | N/A | N/A | N/A | 0.1 | 0% |
| China | 6.7 | 8.0 | 1.0 | N/A | -61.4% |
| Others | N/A | 0.1 | N/A | 2.1 | 358.3% |
| Total | 6.7 | 8.1 | 1.0 | 4.6 | -11.8% |
Top Suppliers of Woven Fabrics of Artificial Staple Fibres to Nigeria in 2022:
- Italy (234.7K square meters)
- Turkey (27.6K square meters)
- Germany (15.4K square meters)
- Switzerland (9.7K square meters)
Exports of Woven Fabrics of Artificial Staple Fibres in Nigeria
After two years of decline, shipments abroad of woven fabrics of artificial staple fibres increased by 30% to 11K square meters in 2022. Overall, exports, however, recorded a abrupt decrease. Over the period under review, the exports of hit record highs at 19K square meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of woven fabrics of artificial staple fibres skyrocketed to $32K in 2022. Over the period under review, exports, however, showed a abrupt shrinkage. The exports peaked at $53K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Woven Fabrics of Artificial Staple Fibres in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | N/A | 6.5 | N/A | 12.2 | 37.0% |
| Poland | N/A | N/A | N/A | 3.6 | 0% |
| South Africa | N/A | N/A | N/A | 0.5 | 0% |
| Benin | 3.1 | 1.0 | 23.5 | N/A | 175.3% |
| Niger | 3.7 | 14.4 | N/A | N/A | 289.2% |
| Rwanda | N/A | 3.0 | N/A | N/A | 0% |
| Angola | 12.3 | 11.1 | 0.4 | N/A | -82.0% |
| Ghana | 32.9 | N/A | N/A | N/A | 0% |
| Others | 1.6 | 3.2 | 1.2 | 15.9 | 115.0% |
| Total | 53.5 | 39.3 | 25.1 | 32.2 | -15.6% |
Top Export Markets for Woven Fabrics of Artificial Staple Fibres from Nigeria in 2022:
- Poland (2.8K square meters)
- Ireland (0.9K square meters)
- South Africa (0.7K square meters)
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