Nigeria - Textile Products And Articles For Technical Uses - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTechnical Textiles Price in Nigeria - 2022
Contents:
- Technical Textiles Price in Nigeria (CIF) - 2022
- Technical Textiles Price in Nigeria (FOB) - 2022
- Technical Textiles Imports in Nigeria
- Technical Textiles Exports in Nigeria
Technical Textiles Price in Nigeria (CIF) - 2022
The average technical textiles import price stood at $1,992 per ton in June 2022, falling by -64% against the previous month. Overall, the import price saw a abrupt contraction. The pace of growth was the most pronounced in April 2022 when the average import price increased by 120% against the previous month. As a result, import price attained the peak level of $10,904 per ton. From May 2022 to June 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($7,197 per ton), while the price for China stood at $744 per ton.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+14.3%), while the prices for the other major suppliers experienced a decline.
Technical Textiles Price in Nigeria (FOB) - 2022
The average technical textiles export price stood at $4,478 per ton in 2022, with an increase of 5.5% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 99% against the previous year. The export price peaked at $7,900 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($46,980 per ton), while the average price for exports to Congo ($945 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 Cote d'Ivoire (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.
Technical Textiles Imports in Nigeria
For the fourth consecutive year, Nigeria recorded growth in overseas purchases of textile products and articles for technical uses, which increased by 40% to 3.1K tons in 2022. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 233%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, technical textiles imports surged to $11M in 2022. Overall, imports recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 85% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Technical Textiles in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,248 | 3,847 | 2,714 | 3,980 | 47.2% |
India | 332 | 292 | 479 | 619 | 23.1% |
Turkey | 122 | 92.0 | 234 | 535 | 63.7% |
Taiwan (Chinese) | 33.5 | 211 | 83.1 | 209 | 84.1% |
South Korea | 30.5 | 19.6 | 10.6 | 33.1 | 2.8% |
Others | 2,992 | 4,337 | 4,402 | 5,876 | 25.2% |
Total | 4,757 | 8,800 | 7,922 | 11,253 | 33.2% |
Top Suppliers of Technical Textiles to Nigeria in 2022:
- China (2477.9 tons)
- India (107.8 tons)
- Taiwan (Chinese) (59.7 tons)
- South Korea (59.0 tons)
- Turkey (47.8 tons)
Technical Textiles Exports in Nigeria
Technical textiles exports from Nigeria contracted significantly to 7.3 tons in 2022, with a decrease of -29.6% against the previous year. Over the period under review, exports showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of 240%. As a result, the exports reached the peak of 10 tons, and then contracted rapidly in the following year.
In value terms, technical textiles exports dropped notably to $33K in 2022. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 101% against the previous year.
Export of Technical Textiles in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cote d'Ivoire | 17.4 | 5.0 | 15.4 | 16.4 | -2.0% |
Ghana | 11.3 | 3.8 | 6.8 | 7.5 | -12.8% |
Cameroon | 9.8 | 2.8 | 4.6 | 4.5 | -22.9% |
Congo | 0.9 | 0.7 | 4.4 | 3.1 | 51.0% |
Senegal | N/A | N/A | 0.5 | N/A | 0% |
Others | 22.9 | 9.6 | 12.2 | 1.1 | -63.6% |
Total | 62.4 | 21.8 | 43.9 | 32.6 | -19.5% |
Top Export Markets for Technical Textiles from Nigeria in 2022:
- Congo (3.3 tons)
- Cameroon (2.8 tons)
- Ghana (0.7 tons)
- Cote d'Ivoire (0.3 tons)
This report provides an in-depth analysis of the technical textiles market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13961620 - Textile hosepiping and similar textile tubing, whether or not impregnated or coated, with or without lining, armour or accessories of other materials
- Prodcom 13961650 - Textile wicks, conveyor belts or belting (including reinforced with metal or other material)
- Prodcom 13961680 - Textile fabrics and felts, for paper-making machines or similar machines (including for pulp or asbestos-cement)
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the technical textiles market in Nigeria.
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This report provides an in-depth analysis of the global technical textiles market.
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This report provides an in-depth analysis of the technical textiles market in Nigeria.
This report provides an in-depth analysis of the textile wick market in Nigeria.
This report provides an in-depth analysis of the global technical textiles market.
Global Textile Wick Market Report 2018. This report provides an in-depth analysis of the global textile wick market.
Explore the top import markets for technical textiles based on import value data from the IndexBox market intelligence platform. Learn about the leading countries and their key statistics.
In 2016, the global technical textiles imports amounted to X tons, dropping by -X% against the previous year level. Overall, technical textiles imports continue to indicate a abrupt setback. T...
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Explore the top import markets for technical textiles based on import value data from the IndexBox market intelligence platform. Learn about the leading countries and their key statistics.
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