Price for Braids; in the Piece in Nigeria - 2022
Contents:
- Price for Braids; in the Piece in Nigeria (CIF) - 2022
- Price for Braids; in the Piece in Nigeria (FOB) - 2022
- Imports of Braids; in the Piece in Nigeria
- Exports of Braids; in the Piece in Nigeria
Price for Braids; in the Piece in Nigeria (CIF) - 2022
The average braids; in the piece import price stood at $1,093 per ton in 2022, waning by -21.9% against the previous year. Overall, the import price recorded a abrupt decline. The growth pace was the most rapid in 2014 an increase of 207% against the previous year. The import price peaked at $5,147 per ton in 2015; however, from 2016 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 ($29,031 per ton), while the price for South Africa ($551 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Braids; in the Piece in Nigeria (FOB) - 2022
In 2022, the average braids; in the piece export price amounted to $4,458 per ton, dropping by -11.7% against the previous year. In general, the export price saw a slight setback. The most prominent rate of growth was recorded in 2015 an increase of 309% against the previous year. As a result, the export price reached the peak level of $28,843 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
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 Niger ($41,320 per ton), while the average price for exports to Zimbabwe ($1,212 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 Niger (+5.0%), while the prices for the other major destinations experienced a decline.
Imports of Braids; in the Piece in Nigeria
In 2022, imports of braids; in the pieces into Nigeria surged to 33 tons, jumping by 126% compared with the previous year's figure. In general, imports, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2020 with an increase of 182% against the previous year. As a result, imports reached the peak of 103 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, braids; in the piece imports surged to $36K in 2022. Over the period under review, imports, however, showed a precipitous setback. The most prominent rate of growth was recorded in 2020 when imports increased by 131%. As a result, imports reached the peak of $219K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Braids; in the Piece in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 67.0 | 124 | 5.9 | 26.1 | -27.0% |
| Taiwan (Chinese) | 22.5 | 75.4 | 11.4 | 8.9 | -26.6% |
| South Africa | 1.2 | 3.0 | 0.3 | 0.2 | -45.0% |
| Turkey | 0.7 | 8.5 | 2.1 | N/A | 73.2% |
| Others | 3.4 | 8.2 | 0.8 | 0.9 | -35.8% |
| Total | 94.7 | 219 | 20.5 | 36.2 | -27.4% |
Top Suppliers of Braids; in the Piece to Nigeria in 2022:
- Turkey (undefined tons)
- China (18.8 tons)
- Taiwan (Chinese) (13.8 tons)
- South Africa (0.3 tons)
Exports of Braids; in the Piece in Nigeria
In 2022, approx. 790 kg of braids; in the pieces were exported from Nigeria; dropping by -21.2% on the previous year. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +6.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 93%. As a result, the exports reached the peak of 1 tons, and then contracted sharply in the following year.
In value terms, braids; in the piece exports contracted notably to $3.5K in 2022. In general, exports, however, showed a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 155% against the previous year. As a result, the exports reached the peak of $5.1K, and then contracted remarkably in the following year.
| Export of Braids; in the Piece in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 543 | 287 | 1,374 | 1,219 | 30.9% |
| Rwanda | 495 | 618 | 1,576 | 993 | 26.1% |
| Zimbabwe | 483 | 345 | 818 | 423 | -4.3% |
| Ghana | 139 | 150 | 237 | 147 | 1.9% |
| Botswana | 73.0 | 214 | 148 | 89.0 | 6.8% |
| Sweden | N/A | N/A | N/A | 86.0 | 0% |
| South Africa | 3.0 | 7.0 | 23.0 | 83.0 | 202.4% |
| Others | 352 | 362 | 883 | 481 | 11.0% |
| Total | 2,088 | 1,983 | 5,059 | 3,521 | 19.0% |
Top Export Markets for Braids; in the Piece from Nigeria in 2022:
- Zimbabwe (349.0 kg)
- Canada (274.0 kg)
- Rwanda (86.0 kg)
- Botswana (33.0 kg)
- South Africa (13.0 kg)
- Ghana (12.0 kg)
- Sweden (12.0 kg)
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