Price for Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Nigeria - 2023
Contents:
- Price for Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Nigeria (CIF) - 2022
- Price for Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Nigeria (FOB) - 2022
- Imports of Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Nigeria
- Exports of Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Nigeria
Price for Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Nigeria (CIF) - 2022
In 2022, the average import price for man-made filament yarn (other than sewing thread), put up for retail sale amounted to $2,017 per ton, surging by 99% against the previous year. Overall, the import price, however, saw a mild reduction. The import price peaked at $10,773 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +6.1% per year.
Price for Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Nigeria (FOB) - 2022
The average export price for man-made filament yarn (other than sewing thread), put up for retail sale stood at $295 per ton in 2022, declining by -1.8% against the previous year. Over the period under review, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 26%. The export price peaked at $1,109 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($337 per ton), while the average price for exports to Burkina Faso stood at $290 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (-11.9%).
Imports of Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Nigeria
In 2022, after three years of growth, there was significant decline in purchases abroad of man-made filament yarn (other than sewing thread), put up for retail sale, when their volume decreased by -99.3% to 46 tons. In general, imports faced a dramatic descent. The pace of growth appeared the most rapid in 2020 when imports increased by 1,291%.
In value terms, imports of man-made filament yarn (other than sewing thread), put up for retail sale reduced dramatically to $49K in 2022. Overall, imports saw a sharp decline. The growth pace was the most rapid in 2020 with an increase of 1,373% against the previous year.
| Import of Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.1 | 1.5 | 6.3 | N/A | 693.7% |
| India | N/A | 0.2 | 0.3 | N/A | 50.0% |
| Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Total | 0.1 | 1.8 | 6.7 | N/A | 718.5% |
Top Suppliers of Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale to Nigeria in 2022:
- China (46.0 tons)
Exports of Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Nigeria
In 2022, approx. 61 tons of man-made filament yarn (other than sewing thread), put up for retail sale were exported from Nigeria; which is down by -53.2% compared with the previous year. Over the period under review, exports recorded a dramatic contraction.
In value terms, exports of man-made filament yarn (other than sewing thread), put up for retail sale shrank markedly to $18K in 2022. In general, exports continue to indicate a precipitous descent.
| Export of Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burkina Faso | 348 | 130 | 36.6 | 17.1 | -63.4% |
| Benin | 0.5 | N/A | 0.7 | 0.6 | 6.3% |
| Others | 23.2 | 0.4 | 1.7 | 0.2 | -79.5% |
| Total | 371 | 130 | 38.9 | 17.9 | -63.6% |
Top Export Markets for Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale from Nigeria in 2022:
- Burkina Faso (59.0 tons)
- Benin (1.7 tons)
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