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)
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