Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Nigeria - 2022
Contents:
- Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Nigeria (CIF) - 2022
- Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Nigeria
Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Nigeria (CIF) - 2022
In 2022, the average import price for articles of apparel, clothing accessories and other articles of furskin amounted to $21 per unit, with a decrease of -86.6% against the previous year. Overall, the import price faced a deep setback. The most prominent rate of growth was recorded in 2014 an increase of 2,229%. Over the period under review, average import prices reached the maximum at $230 per unit in 2020; however, from 2021 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 the United States ($196 per unit), while the price for Benin ($1.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Nigeria
After two years of decline, supplies from abroad of articles of apparel, clothing accessories and other articles of furskin increased by 504% to 513 units in 2022. Over the period under review, imports, however, showed a deep reduction. Imports peaked at 942 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of articles of apparel, clothing accessories and other articles of furskin dropped dramatically to $11K in 2022. In general, imports, however, faced a dramatic shrinkage. Imports peaked at $174K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.7 | 0.6 | 2.1 | 5.1 | 44.2% |
| China | 141 | 20.3 | 0.3 | 1.7 | -77.1% |
| United Kingdom | 2.3 | 0.1 | 0.8 | 1.3 | -17.3% |
| Latvia | 0.3 | N/A | N/A | 0.8 | 38.7% |
| Benin | N/A | N/A | N/A | 0.5 | 0% |
| Thailand | 8.4 | 2.6 | 5.1 | N/A | -22.1% |
| South Africa | 11.4 | 2.1 | 1.6 | N/A | -62.5% |
| Others | 8.9 | 3.0 | 3.3 | 1.2 | -48.7% |
| Total | 174 | 28.7 | 13.2 | 10.6 | -60.7% |
Top Suppliers of Articles of Apparel, Clothing Accessories and Other Articles of Furskin to Nigeria in 2022:
- Benin (348.0 units)
- Latvia (99.0 units)
- United States (26.0 units)
- United Kingdom (13.0 units)
- China (13.0 units)
- South Africa (1.0 units)
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