Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Nigeria - 2022
Contents:
- Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Nigeria (CIF) - 2022
- Imports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Nigeria
Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Nigeria (CIF) - 2022
The average import price for fabrics; "long pile" fabrics, knitted or crocheteds stood at $4,261 per ton in 2022, falling by -20.2% against the previous year. Overall, the import price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2015 when the average import price increased by 105% against the previous year. As a result, import price attained the peak level of $18,952 per ton. From 2016 to 2022, the average 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 UK ($1,144,667 per ton), while the price for Italy ($2,084 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+44.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Nigeria
In 2022, the amount of fabrics; "long pile" fabrics, knitted or crocheteds imported into Nigeria rose slightly to 5 tons, with an increase of 4.8% on the year before. Overall, imports, however, showed a deep contraction.
In value terms, imports of fabrics; "long pile" fabrics, knitted or crocheteds contracted markedly to $21K in 2022. In general, imports, however, showed a dramatic descent. The smallest decline of -16.4% was in 2021.
| Import of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 28.7 | 19.5 | 17.4 | 10.0 | -29.6% |
| China | 2.1 | 1.8 | 3.2 | 7.6 | 53.5% |
| Others | 17.2 | 9.4 | 5.0 | 3.8 | -39.5% |
| Total | 48.0 | 30.7 | 25.6 | 21.4 | -23.6% |
Top Suppliers of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted to Nigeria in 2022:
- Italy (4.8 tons)
- China (0.2 tons)
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