Price for Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in Nigeria - 2023
Contents:
- Price for Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in Nigeria (CIF) - 2022
- Price for Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in Nigeria (FOB) - 2022
- Imports of Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in Nigeria
- Exports of Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in Nigeria
Price for Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in Nigeria (CIF) - 2022
In 2022, the average import price for tarpaulins, awnings and sunblinds of synthetic fibreses amounted to $1,719 per ton, with a decrease of -31.9% against the previous year. Overall, the import price saw a perceptible descent. The most prominent rate of growth was recorded in 2020 when the average import price increased by 263% against the previous year. The import price peaked at $7,995 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3,473 per ton), while the price for China ($1,197 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+254.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in Nigeria (FOB) - 2022
The average export price for tarpaulins, awnings and sunblinds of synthetic fibreses stood at $3,551 per ton in 2022, growing by 68% against the previous year. Over the period under review, the export price saw resilient growth. The most prominent rate of growth was recorded in 2013 an increase of 74% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($3,885 per ton), while the average price for exports to South Africa ($842 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+46.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in Nigeria
In 2022, the amount of tarpaulins, awnings and sunblinds of synthetic fibreses imported into Nigeria soared to 860 tons, with an increase of 64% compared with the year before. Overall, imports, however, showed a abrupt slump. The growth pace was the most rapid in 2021 when imports increased by 115% against the previous year.
In value terms, imports of tarpaulins, awnings and sunblinds of synthetic fibreses amounted to $1.5M in 2022. In general, imports, however, saw a deep reduction.
| Import of Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 334 | 10.7 | 221 | 903 | 39.3% |
| United States | 41.7 | 19.7 | 215 | 197 | 67.8% |
| India | 987 | 562 | 52.9 | 90.1 | -55.0% |
| Cote d'Ivoire | 335 | N/A | 124 | N/A | -39.2% |
| United Kingdom | 4.9 | 368 | 3.3 | N/A | -17.9% |
| Turkey | 108 | N/A | N/A | N/A | 0% |
| Ghana | 119 | N/A | 47.0 | N/A | -37.2% |
| Others | 62.3 | 252 | 663 | 288 | 66.6% |
| Total | 1,993 | 1,212 | 1,326 | 1,477 | -9.5% |
Top Suppliers of Tarpaulins, Awnings and Sunblinds of Synthetic Fibres to Nigeria in 2022:
- China (754.2 tons)
- United States (56.7 tons)
- India (27.8 tons)
Exports of Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in Nigeria
In 2022, overseas shipments of tarpaulins, awnings and sunblinds of synthetic fibreses decreased by -85.4% to 19 tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,014%. As a result, the exports attained the peak of 144 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of tarpaulins, awnings and sunblinds of synthetic fibreses contracted markedly to $66K in 2022. Overall, exports, however, saw significant growth. The growth pace was the most rapid in 2020 with an increase of 1,037% against the previous year.
| Export of Tarpaulins, Awnings and Sunblinds of Synthetic Fibres in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 1.9 | 179 | 266 | 63.1 | 221.4% |
| Benin | 10.9 | 9.3 | 4.2 | 1.7 | -46.2% |
| South Africa | N/A | N/A | N/A | 0.8 | 0% |
| Others | 3.8 | 0.8 | 0.4 | 0.3 | -57.1% |
| Total | 16.6 | 189 | 270 | 65.9 | 58.3% |
Top Export Markets for Tarpaulins, Awnings and Sunblinds of Synthetic Fibres from Nigeria in 2022:
- Niger (16.2 tons)
- Benin (1.3 tons)
- South Africa (1.0 tons)
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