Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyvinyl Chloride in Nigeria - 2023

Contents:

1. Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyvinyl Chloride in Nigeria (CIF) - 2022
2. Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyvinyl Chloride in Nigeria (FOB) - 2022
3. Imports of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyvinyl Chloride in Nigeria
4. Exports of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyvinyl Chloride in Nigeria

Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyvinyl Chloride in Nigeria (CIF) - 2022

The average import price for textile fabrics; impregnated, coated, covered or laminated with polyvinyl chlorides stood at $0.3 per square meter in 2022, rising by 49% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 128%. The import price peaked at $1.1 per square meter in 2015; however, from 2016 to 2022, import prices remained at a 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 South Korea ($0.6 per square meter), while the price for China ($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 China (+0.2%), while the prices for the other major suppliers experienced a decline.

Price for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyvinyl Chloride in Nigeria (FOB) - 2022

In 2022, the average export price for textile fabrics; impregnated, coated, covered or laminated with polyvinyl chlorides amounted to $0.7 per square meter, declining by -37.5% against the previous year. In general, the export price recorded a pronounced decline. The most prominent rate of growth was recorded in 2019 an increase of 335% against the previous year. As a result, the export price attained the peak level of $3.4 per square meter. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Benin.

From 2012 to 2022, the rate of growth in terms of prices for Cameroon amounted to +0.8% per year.

Imports of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyvinyl Chloride in Nigeria

For the third consecutive year, Nigeria recorded decline in purchases abroad of textile fabrics; impregnated, coated, covered or laminated with polyvinyl chlorides, which decreased by -11% to 17M square meters in 2022. In general, imports showed a abrupt decrease. The smallest decline of -1.1% was in 2020. Imports peaked at 31M square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of textile fabrics; impregnated, coated, covered or laminated with polyvinyl chlorides soared to $4.2M in 2022. Overall, imports showed a drastic downturn. Imports peaked at $5.5M in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyvinyl Chloride to Nigeria in 2022:

1. China (15.6M square meters)
2. Canada (0.3M square meters)

Exports of Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyvinyl Chloride in Nigeria

In 2022, approx. 1.5K square meters of textile fabrics; impregnated, coated, covered or laminated with polyvinyl chlorides were exported from Nigeria; increasing by 66% on 2021. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 2,460%. As a result, the exports reached the peak of 21K square meters. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of textile fabrics; impregnated, coated, covered or laminated with polyvinyl chlorides expanded to $1.2K in 2022. Over the period under review, exports, however, faced a sharp slump. The most prominent rate of growth was recorded in 2020 with an increase of 758%. As a result, the exports reached the peak of $24K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Textile Fabrics; Impregnated, Coated, Covered or Laminated with Polyvinyl Chloride from Nigeria in 2022:

1. Benin (1537.0 square meters)

Source: IndexBox Market Intelligence Platform