Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Nigeria - 2022

Contents:

1. Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Nigeria (CIF) - 2022
2. Imports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Nigeria

Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Nigeria (CIF) - 2022

In 2022, the average import price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s amounted to $2,618 per ton, falling by -10.9% against the previous year. In general, the import price recorded a deep slump. The pace of growth appeared the most rapid in 2015 an increase of 97% against the previous year. Over the period under review, average import prices attained the peak figure at $17,710 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 China amounted to -12.3% per year.

Imports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Nigeria

Imports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s into Nigeria amounted to 2.9 tons in 2022, surging by 14% on the year before. In general, imports, however, recorded a precipitous shrinkage.

In value terms, imports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s totaled $7.7K in 2022. Overall, imports, however, saw a dramatic decline.

Top Suppliers of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) to Nigeria in 2022:

1. China (2.9 tons)

Source: IndexBox Market Intelligence Platform