Price for Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Nigeria - 2023
Contents:
- Price for Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Nigeria (CIF) - 2022
- Imports of Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Nigeria
Price for Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Nigeria (CIF) - 2022
The average import price for knitting machines; circular, with cylinder diameter not exceeding 165mms stood at $12,436 per unit in 2022, with a decrease of -20.5% against the previous year. Overall, the import price, however, posted a remarkable increase. The growth pace was the most rapid in 2013 when the average import price increased by 191% against the previous year. Over the period under review, average import prices hit record highs at $20,307 per unit in 2017; however, from 2018 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 China ($31,669 per unit), while the price for Indonesia ($67 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+79.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Nigeria
In 2022, supplies from abroad of knitting machines; circular, with cylinder diameter not exceeding 165mms decreased by -79.8% to 17 units, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a sharp setback. The pace of growth was the most pronounced in 2020 when imports increased by 46% against the previous year. As a result, imports attained the peak of 95 units. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of knitting machines; circular, with cylinder diameter not exceeding 165mms contracted significantly to $211K in 2022. In general, imports showed a sharp reduction. The growth pace was the most rapid in 2020 when imports increased by 13% against the previous year. As a result, imports attained the peak of $1.3M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 862 | 659 | 825 | 95.0 | -52.1% |
| Taiwan (Chinese) | 75.6 | 311 | 240 | 47.4 | -14.4% |
| United Arab Emirates | 176 | 212 | 197 | 47.2 | -35.5% |
| United States | 14.8 | 37.8 | 3.2 | 7.0 | -22.1% |
| Italy | 22.3 | 26.3 | 23.9 | 5.6 | -36.9% |
| Japan | 24.8 | 81.9 | 12.0 | 4.1 | -45.1% |
| India | 1.6 | 2.8 | 0.3 | 2.5 | 16.0% |
| United Kingdom | 4.4 | 4.6 | 3.7 | 0.8 | -43.3% |
| South Korea | 5.9 | 5.7 | 4.3 | 0.8 | -48.6% |
| Belgium | 3.8 | 4.0 | 3.4 | 0.7 | -43.1% |
| Spain | 0.3 | 0.1 | 0.5 | 0.2 | -12.6% |
| Singapore | 1.9 | 1.5 | 0.9 | 0.1 | -62.5% |
| Indonesia | 2.4 | 1.4 | 0.3 | 0.1 | -65.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,196 | 1,349 | 1,315 | 211 | -43.9% |
Top Suppliers of Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm to Nigeria in 2022:
- China (3.0 units)
- Taiwan (Chinese) (2.0 units)
- United Arab Emirates (2.0 units)
- United States (1.0 units)
- Italy (1.0 units)
- Singapore (1.0 units)
- Indonesia (1.0 units)
- India (1.0 units)
- United Kingdom (1.0 units)
- Belgium (1.0 units)
- Japan (1.0 units)
- South Korea (1.0 units)
- Spain (1.0 units)
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