Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in Nigeria - 2023
Contents:
- Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in Nigeria (CIF) - 2022
- Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in Nigeria (FOB) - 2022
- Imports of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in Nigeria
- Exports of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in Nigeria
Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in Nigeria (CIF) - 2022
In 2022, the average import price for textile fabrics; impregnated, coated, covered or laminated with polyurethanes amounted to $0.3 per square meter, growing by 61% against the previous year. Overall, the import price, however, showed a pronounced descent. The growth pace was the most rapid in 2014 when the average import price increased by 62%. As a result, import price attained the peak level of $0.7 per square meter. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($0.7 per square meter), while the price for India ($0.2 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in Nigeria (FOB) - 2022
The average export price for textile fabrics; impregnated, coated, covered or laminated with polyurethanes stood at $6.5 per square meter in 2022, reducing by -19.9% against the previous year. Over the period under review, the export price showed a precipitous decrease. The growth pace was the most rapid in 2019 an increase of 1,089%. Over the period under review, the average export prices attained the peak figure at $86 per square meter in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Benin.
From 2013 to 2022, the rate of growth in terms of prices for Cameroon amounted to -15.3% per year.
Imports of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in Nigeria
In 2022, purchases abroad of textile fabrics; impregnated, coated, covered or laminated with polyurethanes decreased by -55.4% to 110M square meters, falling for the second consecutive year after two years of growth. Overall, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 720%. As a result, imports attained the peak of 250M square meters. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of textile fabrics; impregnated, coated, covered or laminated with polyurethanes fell markedly to $35M in 2022. In general, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 693%. As a result, imports attained the peak of $53M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.2 | 44.6 | 38.4 | 28.4 | 66.1% |
| South Korea | N/A | 1.0 | 1.9 | 1.9 | 37.8% |
| United States | 0.2 | 1.9 | 2.5 | 0.9 | 65.1% |
| Vietnam | 0.1 | 0.7 | 0.5 | 0.8 | 100.0% |
| Taiwan (Chinese) | 0.1 | 1.6 | 1.2 | 0.4 | 58.7% |
| India | N/A | 0.1 | N/A | 0.4 | 100.0% |
| Hong Kong SAR | N/A | 0.6 | 1.5 | 0.2 | -42.3% |
| Others | 0.1 | 2.1 | 2.6 | 1.8 | 162.1% |
| Total | 6.6 | 52.5 | 48.6 | 34.8 | 74.1% |
Top Suppliers of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane to Nigeria in 2022:
- China (93.4M square meters)
- Vietnam (3.0M square meters)
- South Korea (2.5M square meters)
- United States (2.4M square meters)
- India (2.3M square meters)
- Taiwan (Chinese) (1.0M square meters)
- Hong Kong SAR (0.6M square meters)
Exports of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in Nigeria
In 2022, after three years of growth, there was significant decline in overseas shipments of textile fabrics; impregnated, coated, covered or laminated with polyurethanes, when their volume decreased by -35.7% to 3.4K square meters. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 1,976%. Over the period under review, the exports of attained the peak figure at 5.4K square meters in 2021, and then declined notably in the following year.
In value terms, exports of textile fabrics; impregnated, coated, covered or laminated with polyurethanes contracted markedly to $22K in 2022. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 432%. As a result, the exports attained the peak of $43K, and then declined significantly in the following year.
| Export of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | 1.3 | N/A | 31.6 | 21.7 | 155.6% |
| Cameroon | N/A | 0.1 | 10.7 | N/A | 10600.0% |
| United States | N/A | 7.0 | N/A | N/A | 0% |
| Others | 0.9 | 1.1 | 0.9 | 0.6 | -12.6% |
| Total | 2.2 | 8.1 | 43.2 | 22.2 | 116.1% |
Top Export Markets for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyurethane from Nigeria in 2022:
- Benin (3.4K square meters)
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