Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Nigeria - 2023
Contents:
- Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Nigeria (CIF) - 2022
- Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Nigeria (FOB) - 2022
- Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Nigeria
- Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Nigeria
Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Nigeria (CIF) - 2022
In 2022, the average import price for carpets and other textile floor coverings; tufted, whether or not made ups amounted to $282 per square meter, surging by 2,560% against the previous year. In general, the import price continues to indicate a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($10 per square meter), while the price for Germany ($6 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Nigeria (FOB) - 2022
In 2022, the average export price for carpets and other textile floor coverings; tufted, whether or not made ups amounted to $6.5 per square meter, shrinking by -6.9% against the previous year. Over the period under review, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2019 an increase of 2,926% against the previous year. As a result, the export price attained the peak level of $264 per square meter. From 2020 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Guatemala ($7.3 per square meter) and Tanzania ($7.3 per square meter), while the average price for exports to Benin ($6.3 per square meter) and Ethiopia ($7.1 per square meter) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+61.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Nigeria
In 2022, approx. 89K square meters of carpets and other textile floor coverings; tufted, whether or not made ups were imported into Nigeria; rising by 307% compared with the previous year. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of carpets and other textile floor coverings; tufted, whether or not made ups surged to $782K in 2022. Overall, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 173 | 443 | 59.7 | 739 | 62.3% |
| France | 0.9 | N/A | N/A | 20.0 | 181.1% |
| Turkey | 1.4 | 32.5 | 0.8 | 2.4 | 19.7% |
| Hong Kong SAR | N/A | N/A | 60.9 | N/A | 0% |
| Belgium | 0.1 | 1.7 | 100 | N/A | 3062.3% |
| India | 28.4 | 56.3 | 0.3 | N/A | -89.7% |
| Others | 11.4 | 11.5 | 7.3 | 21.1 | 22.8% |
| Total | 215 | 545 | 229 | 782 | 53.8% |
Top Suppliers of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up to Nigeria in 2022:
- China (83.3K square meters)
- France (3.0K square meters)
- Turkey (0.3K square meters)
Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Nigeria
Exports of carpets and other textile floor coverings; tufted, whether or not made ups from Nigeria contracted sharply to 1.3K square meters in 2022, shrinking by -78.9% against the year before. Over the period under review, exports recorded a dramatic setback. The most prominent rate of growth was recorded in 2021 when exports increased by 482%. As a result, the exports reached the peak of 6.2K square meters, and then shrank dramatically in the following year.
In value terms, exports of carpets and other textile floor coverings; tufted, whether or not made ups dropped rapidly to $8.5K in 2022. In general, exports recorded a sharp descent. The pace of growth was the most pronounced in 2021 with an increase of 355% against the previous year. Over the period under review, the exports of reached the peak figure at $49K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | 0.6 | 4.7 | 6.4 | 6.7 | 123.5% |
| Tanzania | N/A | N/A | N/A | 1.2 | 0% |
| Ethiopia | N/A | N/A | N/A | 0.2 | 0% |
| Guatemala | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Cote d'Ivoire | 0.4 | 1.4 | 1.7 | N/A | 106.2% |
| Cameroon | N/A | 2.7 | 2.6 | N/A | -3.7% |
| Mozambique | 0.6 | N/A | 0.2 | N/A | -42.3% |
| Israel | N/A | N/A | 6.0 | N/A | 0% |
| Ghana | 47.1 | N/A | 22.5 | N/A | -30.9% |
| Others | 0.4 | 0.5 | 2.6 | 0.2 | -20.6% |
| Total | 49.0 | 9.3 | 42.2 | 8.5 | -44.2% |
Top Export Markets for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up from Nigeria in 2022:
- Benin (1048.0 square meters)
- Tanzania (169.0 square meters)
- Ethiopia (31.0 square meters)
- Guatemala (22.0 square meters)
528
This report provides an in-depth analysis of the tufted carpet market in Nigeria.
1030
This report provides an in-depth analysis of the global tufted carpet market.
528
This report provides an in-depth analysis of the tufted carpet market in Nigeria.
1030
This report provides an in-depth analysis of the global tufted carpet market.
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