Price for Fibres; Synthetic Filament Tow, of Nylon or Other Polyamides in Nigeria - 2022

Contents:

1. Price for Fibres; Synthetic Filament Tow, of Nylon or Other Polyamides in Nigeria (CIF) - 2022
2. Price for Fibres; Synthetic Filament Tow, of Nylon or Other Polyamides in Nigeria (FOB) - 2022
3. Imports of Fibres; Synthetic Filament Tow, of Nylon or Other Polyamides in Nigeria
4. Exports of Fibres; Synthetic Filament Tow, of Nylon or Other Polyamides in Nigeria

Price for Fibres; Synthetic Filament Tow, of Nylon or Other Polyamides in Nigeria (CIF) - 2022

The average import price for fibres; synthetic filament tow, of nylon or other polyamideses stood at $1,775 per ton in 2022, remaining constant against the previous year. Overall, the import price, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2019 an increase of 78% against the previous year. The import price peaked at $4,154 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 ($4,045 per ton), while the price for Japan ($433 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the prices for the other major suppliers experienced a decline.

Price for Fibres; Synthetic Filament Tow, of Nylon or Other Polyamides in Nigeria (FOB) - 2022

In 2021, the average export price for fibres; synthetic filament tow, of nylon or other polyamideses amounted to $5,748 per ton, rising by 1.6% against the previous year. In general, the export price, however, recorded a slight contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by 8.6% against the previous year. Over the period under review, the average export prices hit record highs at $6,260 per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2015 to 2021, the rate of growth in terms of prices for Ghana amounted to +52.0% per year.

Imports of Fibres; Synthetic Filament Tow, of Nylon or Other Polyamides in Nigeria

In 2022, approx. 29 tons of fibres; synthetic filament tow, of nylon or other polyamideses were imported into Nigeria; therefore, remained relatively stable against 2021. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 773%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of fibres; synthetic filament tow, of nylon or other polyamideses stood at $52K in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 687%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Fibres; Synthetic Filament Tow, of Nylon or Other Polyamides to Nigeria in 2022:

1. China (21.8 tons)
2. United States (3.8 tons)
3. Japan (2.9 tons)
4. United Arab Emirates (0.8 tons)

Exports of Fibres; Synthetic Filament Tow, of Nylon or Other Polyamides in Nigeria

In 2021, approx. 314 kg of fibres; synthetic filament tow, of nylon or other polyamideses were exported from Nigeria; declining by -24% on the previous year. In general, exports recorded a dramatic slump. The smallest decline of -23.8% was in 2020.

In value terms, exports of fibres; synthetic filament tow, of nylon or other polyamideses declined markedly to $1.8K in 2021. Overall, exports showed a dramatic descent.

Top Export Markets for Fibres; Synthetic Filament Tow, of Nylon or Other Polyamides from Nigeria in 2022:

1. Cote d'Ivoire (314.0 kg)

Source: IndexBox Market Intelligence Platform