Price for Fibres; Synthetic Filament Tow, of Polyesters in Nigeria - 2022
Contents:
- Price for Fibres; Synthetic Filament Tow, of Polyesters in Nigeria (CIF) - 2022
- Imports of Fibres; Synthetic Filament Tow, of Polyesters in Nigeria
Price for Fibres; Synthetic Filament Tow, of Polyesters in Nigeria (CIF) - 2022
The average import price for fibres; synthetic filament tow, of polyesterses stood at $2,765 per ton in 2022, jumping by 24% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fibres; synthetic filament tow, of polyesterses increased by +119.5% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 67%. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($4,632 per ton), while the price for China ($1,460 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Fibres; Synthetic Filament Tow, of Polyesters in Nigeria
In 2022, imports of fibres; synthetic filament tow, of polyesterses into Nigeria contracted remarkably to 412 tons, with a decrease of -28.6% compared with 2021. In general, imports saw a abrupt slump. The growth pace was the most rapid in 2021 when imports increased by 11% against the previous year. As a result, imports reached the peak of 577 tons, and then contracted notably in the following year.
In value terms, imports of fibres; synthetic filament tow, of polyesterses shrank to $1.1M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 54%.
Import of Fibres; Synthetic Filament Tow, of Polyesters in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | N/A | N/A | N/A | 802 | 0% |
China | 503 | 249 | 207 | 287 | -17.1% |
South Africa | 137 | 579 | 631 | 49.0 | -29.0% |
South Korea | 70.6 | 135 | 22.9 | N/A | -43.0% |
United Kingdom | N/A | 105 | 417 | N/A | 297.1% |
Others | 2.5 | 26.8 | 6.7 | N/A | 63.7% |
Total | 713 | 1,095 | 1,285 | 1,138 | 16.9% |
Top Suppliers of Fibres; Synthetic Filament Tow, of Polyesters to Nigeria in 2022:
- Turkey (204.4 tons)
- China (196.7 tons)
- South Africa (10.6 tons)
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Discover the top 10 import markets for synthetic filament tow based on import value data from IndexBox platform. Learn about the key countries driving the demand for this essential material.
In 2016, approx. X tons of synthetic filament tow were imported worldwide- descending by -X% against the previous year level. In general, synthetic filament tow imports continue to indicate a m...
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Discover the top 10 import markets for synthetic filament tow based on import value data from IndexBox platform. Learn about the key countries driving the demand for this essential material.
In 2016, approx. X tons of synthetic filament tow were imported worldwide- descending by -X% against the previous year level. In general, synthetic filament tow imports continue to indicate a m...
In 2016, approx. X tons of synthetic filament tow were imported worldwide- descending by -X% against the previous year level. In general, synthetic filament tow imports continue to indicate a m...