Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Nigeria - 2023
Contents:
- Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Nigeria (CIF) - 2022
- Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Nigeria (FOB) - 2022
- Imports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Nigeria
- Exports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Nigeria
Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Nigeria (CIF) - 2022
The average import price for fabrics, knitted or crocheted, of a width of > 30 cms stood at $346 per ton in 2022, shrinking by -60.1% against the previous year. In general, the import price saw a abrupt contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 323%. The import price peaked at $11,182 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 Turkey ($1,376 per ton), while the price for China stood at $325 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-12.1%).
Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Nigeria (FOB) - 2022
The average export price for fabrics, knitted or crocheted, of a width of > 30 cms stood at $1,712 per ton in 2022, with a decrease of -58.8% against the previous year. In general, the export price saw a pronounced contraction. The most prominent rate of growth was recorded in 2019 an increase of 51%. The export price peaked at $4,154 per ton in 2021, and then reduced remarkably in the following year.
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 the UK ($35,972 per ton), while the average price for exports to Benin ($1,407 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 the UK (+39.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Nigeria
In 2022, the amount of fabrics, knitted or crocheted, of a width of > 30 cms imported into Nigeria soared to 1.7K tons, increasing by 37% compared with the previous year. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 83,516%. As a result, imports reached the peak of 5.1K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of fabrics, knitted or crocheted, of a width of > 30 cms reduced markedly to $591K in 2022. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 33,007% against the previous year. As a result, imports reached the peak of $6.8M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 5.6 | 1.1 | 0.5 | -70.1% |
| Turkey | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | 1.1 | N/A | N/A | 0% |
| Total | N/A | 6.8 | 1.1 | 0.6 | -70.3% |
Top Suppliers of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm to Nigeria in 2022:
- China (1679.8 tons)
- Turkey (29.2 tons)
Exports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Nigeria
After two years of decline, overseas shipments of fabrics, knitted or crocheted, of a width of > 30 cms increased by 4,908% to 77 tons in 2022. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of fabrics, knitted or crocheted, of a width of > 30 cms surged to $132K in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | N/A | 0.7 | 0.1 | 102 | 1107.1% |
| Angola | 1.5 | N/A | N/A | 5.1 | 50.4% |
| United States | 2.7 | 1.5 | 5.0 | 0.6 | -39.4% |
| Others | 1.7 | 5.3 | 1.3 | 24.7 | 144.0% |
| Total | 5.9 | 7.5 | 6.4 | 132 | 181.8% |
Top Export Markets for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm from Nigeria in 2022:
- Benin (72.5 tons)
- Angola (3.1 tons)
- United States (0.1 tons)
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