Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Nigeria - 2022
Contents:
- Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Nigeria (CIF) - 2022
- Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Nigeria (FOB) - 2022
- Imports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Nigeria
- Exports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Nigeria
Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Nigeria (CIF) - 2022
In 2022, the average import price for handbags with outer surface of leather, composition leather, or patent leathers amounted to $89 per unit, flattening at the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.5% 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 handbags with outer surface of leather, composition leather, or patent leathers decreased by -6.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 59% against the previous year. As a result, import price reached the peak level of $95 per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($214 per unit), while the price for Turkey ($16 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+50.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Nigeria (FOB) - 2022
In 2022, the average export price for handbags with outer surface of leather, composition leather, or patent leathers amounted to $38 per unit, increasing by 77% against the previous year. Overall, the export price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 782% against the previous year. Over the period under review, the average export prices hit record highs at $220 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($408 per unit), while the average price for exports to Zimbabwe ($2.1 per unit) 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 (+38.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Nigeria
In 2022, supplies from abroad of handbags with outer surface of leather, composition leather, or patent leathers decreased by -8.1% to 5K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 47% against the previous year. Over the period under review, imports of reached the peak figure at 5.5K units in 2021, and then reduced in the following year.
In value terms, imports of handbags with outer surface of leather, composition leather, or patent leathers declined to $449K in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.6% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 46% against the previous year. Imports peaked at $488K in 2021, and then contracted in the following year.
| Import of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 36.6 | 26.6 | 122 | 132 | 53.4% |
| Lebanon | 1.3 | 1.0 | 0.7 | 58.4 | 255.5% |
| United Kingdom | 42.0 | 86.0 | 63.9 | 40.3 | -1.4% |
| United States | 21.4 | 24.5 | 37.6 | 39.8 | 23.0% |
| Niger | 16.2 | 21.2 | 25.7 | 29.7 | 22.4% |
| China | 43.0 | 124 | 34.7 | 26.6 | -14.8% |
| Israel | 2.5 | 13.6 | 16.3 | 18.8 | 95.9% |
| India | 0.3 | N/A | 1.0 | 11.5 | 237.2% |
| Bangladesh | N/A | N/A | 2.4 | 10.4 | 333.3% |
| Vietnam | 1.2 | 1.4 | 7.1 | 9.9 | 102.1% |
| Hungary | 57.9 | 67.5 | 40.2 | 6.2 | -52.5% |
| Turkey | 0.2 | 1.4 | 0.1 | 1.3 | 86.6% |
| Netherlands | 0.3 | 3.6 | 1.8 | 1.0 | 49.4% |
| Others | 81.2 | 73.3 | 134 | 62.3 | -8.5% |
| Total | 304 | 444 | 488 | 449 | 13.9% |
Top Suppliers of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather to Nigeria in 2022:
- United Kingdom (1214.0 units)
- Italy (1164.0 units)
- India (615.0 units)
- Lebanon (501.0 units)
- United States (352.0 units)
- Niger (255.0 units)
- China (228.0 units)
- Israel (161.0 units)
- Bangladesh (90.0 units)
- Vietnam (85.0 units)
- Turkey (81.0 units)
- Netherlands (55.0 units)
- Hungary (54.0 units)
Exports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Nigeria
Exports of handbags with outer surface of leather, composition leather, or patent leathers from Nigeria contracted to 1.8K units in 2022, waning by -11.8% compared with 2021. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 478% against the previous year. As a result, the exports attained the peak of 2K units, and then reduced in the following year.
In value terms, exports of handbags with outer surface of leather, composition leather, or patent leathers skyrocketed to $68K in 2022. In general, exports, however, recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.5 | 2.1 | 3.9 | 15.6 | 118.3% |
| Benin | 1.0 | 1.3 | 1.3 | 11.4 | 125.1% |
| United Arab Emirates | 0.3 | 0.4 | 4.4 | 6.0 | 171.4% |
| Italy | 11.1 | 5.6 | 4.6 | 5.7 | -19.9% |
| Switzerland | 0.3 | 0.9 | 7.6 | 4.3 | 142.9% |
| South Africa | 0.2 | 0.5 | 1.9 | 2.2 | 122.4% |
| Portugal | 4.9 | 1.9 | 1.2 | 1.1 | -39.2% |
| Canada | 0.6 | 0.5 | 0.6 | 0.8 | 10.1% |
| Ghana | 0.1 | 1.0 | 1.4 | 0.5 | 71.0% |
| Botswana | 0.1 | 0.2 | 0.8 | 0.5 | 71.0% |
| Cote d'Ivoire | 2.2 | 4.4 | 1.5 | 0.3 | -48.5% |
| Zimbabwe | N/A | N/A | N/A | 0.1 | 0% |
| Antigua and Barbuda | 1.7 | 1.0 | 0.4 | 0.1 | -61.1% |
| Others | 14.7 | 16.1 | 13.8 | 19.4 | 9.7% |
| Total | 38.6 | 35.8 | 43.5 | 68.0 | 20.8% |
Top Export Markets for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather from Nigeria in 2022:
- South Africa (503.0 units)
- United States (385.0 units)
- Benin (265.0 units)
- Switzerland (201.0 units)
- United Arab Emirates (139.0 units)
- Canada (69.0 units)
- Portugal (50.0 units)
- Zimbabwe (38.0 units)
- Botswana (35.0 units)
- Italy (23.0 units)
- Ghana (14.0 units)
- Antigua and Barbuda (8.0 units)
- Cote d'Ivoire (7.0 units)
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