Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Nigeria - 2022
Contents:
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Nigeria (CIF) - 2022
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Nigeria (FOB) - 2022
- Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Nigeria
- Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Nigeria
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Nigeria (CIF) - 2022
The average import price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) stood at $4,049 per ton in 2022, rising by 168% against the previous year. Overall, the import price recorded a noticeable increase. Over the period under review, average import prices hit record highs at $5,084 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +41.3% per year.
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Nigeria (FOB) - 2022
In 2022, the average export price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) amounted to $1,776 per ton, shrinking by -59.2% against the previous year. Overall, the export price recorded a slight downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 167%. The export price peaked at $4,350 per ton in 2021, and then dropped notably in the following year.
As there is only one major export destination, the average price level is determined by prices for Botswana.
From 2012 to 2022, the rate of growth in terms of prices for Botswana amounted to -1.2% per year.
Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Nigeria
In 2022, approx. 2.6 tons of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) were imported into Nigeria; reducing by -70.5% on the previous year's figure. In general, imports continue to indicate a dramatic setback. The smallest decline of -26.6% was in 2020.
In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) fell markedly to $11K in 2022. Over the period under review, imports recorded a significant curtailment.
| Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 48.5 | 50.9 | 11.6 | 10.5 | -40.0% |
| Singapore | N/A | N/A | 1.7 | N/A | 0% |
| Turkey | 36.6 | N/A | N/A | N/A | 0% |
| Others | 3.3 | N/A | N/A | N/A | 0% |
| Total | 88.4 | 50.9 | 13.4 | 10.5 | -50.8% |
Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) to Nigeria in 2022:
- China (2.6 tons)
Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Nigeria
In 2022, shipments abroad of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) was finally on the rise to reach 49 kg after two years of decline. Overall, exports, however, showed a precipitous contraction.
In value terms, exports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) amounted to $87 in 2022. Over the period under review, exports, however, recorded a significant decline. The smallest decline of -49.4% was in 2020.
| Export of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | 670 | 339 | 24.0 | 87.0 | -49.4% |
| Others | N/A | N/A | 63.0 | N/A | 0% |
| Total | 670 | 339 | 87.0 | 87.0 | -49.4% |
Top Export Markets for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) from Nigeria in 2022:
- Botswana (49.0 kg)
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