Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Nigeria - 2022

Contents:

1. Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Nigeria (FOB) - 2022
2. Exports of Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Nigeria

Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Nigeria (FOB) - 2022

The average export price for wool, or fine or coarse animal hair; garnetted stock stood at $1,500 per ton in 2022, approximately mirroring the previous year. In general, the export price saw a dramatic downturn. The pace of growth was the most pronounced in 2020 a decrease of -44.4%. The export price peaked at $6,000 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

From 2019 to 2022, the rate of growth in terms of prices for Botswana amounted to 0.0% per year.

Exports of Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Nigeria

In 2022, overseas shipments of wool, or fine or coarse animal hair; garnetted stock decreased by 0% to 2 kg, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 800%. As a result, the exports reached the peak of 9 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of wool, or fine or coarse animal hair; garnetted stock totaled $3 in 2022. Overall, exports saw a sharp slump. The pace of growth appeared the most rapid in 2020 with an increase of 400%. As a result, the exports reached the peak of $30. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Wool, or Fine or Coarse Animal Hair; Garnetted Stock from Nigeria in 2022:

1. Ireland (2.0 kg)

Source: IndexBox Market Intelligence Platform