Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Nigeria - 2023

Contents:

1. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Nigeria (CIF) - 2022
2. Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Nigeria

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Nigeria (CIF) - 2022

In 2022, the average import price for textile fabrics; tyrecord of high tenacity yarn of polyesters amounted to $212 per ton, which is down by -75.6% against the previous year. In general, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 an increase of 227%. The import price peaked at $3,447 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat 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 the United States ($2,387 per ton), while the price for China totaled $634 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.0%).

Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Nigeria

In 2022, overseas purchases of textile fabrics; tyrecord of high tenacity yarn of polyesters were finally on the rise to reach 226 tons after two years of decline. In general, imports, however, saw a significant decrease.

In value terms, imports of textile fabrics; tyrecord of high tenacity yarn of polyesters contracted to $154K in 2022. Over the period under review, imports, however, showed a precipitous slump.

Top Suppliers of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester to Nigeria in 2022:

1. China (220.4 tons)

Source: IndexBox Market Intelligence Platform