Price for Fabrics, Woven; Containing Less than 85% by Weight of Non-Textured Polyester Filaments in Nigeria - 2023
Contents:
- Price for Fabrics, Woven; Containing Less than 85% by Weight of Non-Textured Polyester Filaments in Nigeria (CIF) - 2022
- Price for Fabrics, Woven; Containing Less than 85% by Weight of Non-Textured Polyester Filaments in Nigeria (FOB) - 2022
- Imports of Fabrics, Woven; Containing Less than 85% by Weight of Non-Textured Polyester Filaments in Nigeria
- Exports of Fabrics, Woven; Containing Less than 85% by Weight of Non-Textured Polyester Filaments in Nigeria
Price for Fabrics, Woven; Containing Less than 85% by Weight of Non-Textured Polyester Filaments in Nigeria (CIF) - 2022
In 2022, the average import price for fabrics, woven; containing less than 85% by weight of non-textured polyester filamentses amounted to $368 per thousand square meters, picking up by 61% against the previous year. In general, the import price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2013 an increase of 515%. Over the period under review, average import prices reached the maximum at $1.4 per square meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($426 per thousand square meters), while the price for India ($345 per thousand square meters) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fabrics, Woven; Containing Less than 85% by Weight of Non-Textured Polyester Filaments in Nigeria (FOB) - 2022
The average export price for fabrics, woven; containing less than 85% by weight of non-textured polyester filamentses stood at $164 per thousand square meters in 2022, picking up by 71% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 198%. Over the period under review, the average export prices hit record highs at $467 per thousand square meters in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($790 per thousand square meters), while the average price for exports to Angola ($0.4 per thousand square meters) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fabrics, Woven; Containing Less than 85% by Weight of Non-Textured Polyester Filaments in Nigeria
In 2022, purchases abroad of fabrics, woven; containing less than 85% by weight of non-textured polyester filamentses decreased by -69.5% to 283K square meters, falling for the second year in a row after two years of growth. Overall, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 2,929%. As a result, imports reached the peak of 4.6M square meters. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of fabrics, woven; containing less than 85% by weight of non-textured polyester filamentses dropped remarkably to $104K in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,208%. As a result, imports reached the peak of $1.2M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Fabrics, Woven; Containing Less than 85% by Weight of Non-Textured Polyester Filaments in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 46.9 | 972 | 82.8 | 58.4 | 7.6% |
| India | N/A | 107 | 77.3 | 26.2 | -50.5% |
| Italy | N/A | N/A | N/A | 19.3 | 0% |
| United Arab Emirates | N/A | N/A | 35.3 | N/A | 0% |
| Turkey | N/A | 114 | 0.6 | N/A | -99.5% |
| Others | 4.9 | 2.5 | 15.7 | 0.4 | -56.6% |
| Total | 51.8 | 1,196 | 212 | 104 | 26.2% |
Top Suppliers of Fabrics, Woven; Containing Less than 85% by Weight of Non-Textured Polyester Filaments to Nigeria in 2022:
- China (159.4K square meters)
- India (75.9K square meters)
- Italy (45.3K square meters)
Exports of Fabrics, Woven; Containing Less than 85% by Weight of Non-Textured Polyester Filaments in Nigeria
Exports of fabrics, woven; containing less than 85% by weight of non-textured polyester filamentses from Nigeria dropped remarkably to 29K square meters in 2022, which is down by -84.1% against 2021 figures. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 612% against the previous year. As a result, the exports reached the peak of 181K square meters, and then declined remarkably in the following year.
In value terms, exports of fabrics, woven; containing less than 85% by weight of non-textured polyester filamentses dropped significantly to $4.7K in 2022. Overall, exports showed a sharp shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 46%. The exports peaked at $19K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Fabrics, Woven; Containing Less than 85% by Weight of Non-Textured Polyester Filaments in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | N/A | N/A | 0.1 | 1.8 | 1700.0% |
| Benin | 0.1 | 0.7 | 3.8 | 0.9 | 108.0% |
| United States | 0.6 | N/A | N/A | 0.7 | 5.3% |
| Tanzania | N/A | N/A | N/A | 0.6 | 0% |
| Kenya | N/A | N/A | N/A | 0.4 | 0% |
| Niger | 0.1 | N/A | 1.1 | 0.2 | 26.0% |
| Cote d'Ivoire | 15.0 | 0.3 | N/A | N/A | -98.0% |
| Cameroon | 1.1 | 10.9 | 11.5 | N/A | 223.3% |
| Ethiopia | N/A | N/A | 0.7 | N/A | 0% |
| Angola | 0.4 | N/A | N/A | N/A | 0% |
| Others | 1.4 | N/A | 0.3 | 0.2 | -47.7% |
| Total | 18.6 | 11.9 | 17.4 | 4.7 | -36.8% |
Top Export Markets for Fabrics, Woven; Containing Less than 85% by Weight of Non-Textured Polyester Filaments from Nigeria in 2022:
- Angola (11.8K square meters)
- Benin (4.6K square meters)
- Ghana (4.1K square meters)
- Niger (4.0K square meters)
- Tanzania (1.8K square meters)
- Kenya (1.5K square meters)
- United States (0.9K square meters)
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