Price for Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Nigeria - 2022
Contents:
- Price for Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Nigeria (CIF) - 2022
- Imports of Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Nigeria
Price for Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Nigeria (CIF) - 2022
In 2022, the average import price for weaving machines (looms); for weaving fabrics of a width 30cm or lesses amounted to $4,535 per unit, shrinking by -11.4% against the previous year. Over the period under review, the import price saw a deep slump. The most prominent rate of growth was recorded in 2013 when the average import price increased by 10%. As a result, import price attained the peak level of $23,818 per unit. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($29,252 per unit), while the price for Hong Kong SAR ($116 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+41.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Nigeria
In 2022, purchases abroad of weaving machines (looms); for weaving fabrics of a width 30cm or lesses decreased by -95% to 22 units, falling for the second consecutive year after two years of growth. Overall, imports faced a sharp curtailment. The pace of growth was the most pronounced in 2020 with an increase of 115% against the previous year. As a result, imports attained the peak of 765 units. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of weaving machines (looms); for weaving fabrics of a width 30cm or lesses dropped notably to $185K in 2022. Over the period under review, imports saw a significant contraction. The growth pace was the most rapid in 2020 with an increase of 123% against the previous year. As a result, imports reached the peak of $4.4M. From 2021 to 2022, the growth of imports of remained at a lower figure.
Import of Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 691 | 81.4 | 19.1 | 76.9 | -51.9% |
China | 911 | 4,195 | 2,200 | 66.4 | -58.2% |
India | 103 | 55.0 | 10.1 | 29.3 | -34.2% |
United States | 21.8 | 16.9 | 13.8 | 10.4 | -21.9% |
United Arab Emirates | 2.2 | 1.7 | 1.5 | 1.2 | -18.3% |
Japan | 246 | 54.9 | 12.8 | 0.6 | -86.5% |
Netherlands | N/A | N/A | N/A | 0.1 | 0% |
Hong Kong SAR | 0.2 | 0.2 | 0.2 | 0.1 | -20.6% |
Others | N/A | N/A | 2.8 | N/A | 0% |
Total | 1,976 | 4,405 | 2,260 | 185 | -54.6% |
Top Suppliers of Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less to Nigeria in 2022:
- China (11.0 units)
- Germany (5.0 units)
- Netherlands (1.0 units)
- United Arab Emirates (1.0 units)
- India (1.0 units)
- United States (1.0 units)
- Japan (1.0 units)
- Hong Kong SAR (1.0 units)
This report provides an in-depth analysis of the weaving machine market in Nigeria.
This report provides an in-depth analysis of the market for textile weaving and knitting machinery in Nigeria.
Global Weaving Machine Market Report 2018. This report provides an in-depth analysis of the global weaving machine market.
This report provides an in-depth analysis of the global market for textile weaving and knitting machinery.
This report provides an in-depth analysis of the weaving machine market in Nigeria.
Global Weaving Machine Market Report 2018. This report provides an in-depth analysis of the global weaving machine market.
Explore the top import markets for textile weaving and knitting machinery in 2023, including key statistics and analysis. Find out which countries are leading the global market for textile machinery imports.
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