Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Nigeria - 2023
Contents:
- Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Nigeria (CIF) - 2022
- Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Nigeria (FOB) - 2022
- Imports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Nigeria
- Exports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Nigeria
Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Nigeria (CIF) - 2022
The average import price for wool; wool tops and other combed wool, other than in fragmentses stood at $2,265 per ton in 2022, increasing by 273% against the previous year. Overall, the import price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2014 an increase of 504%. Over the period under review, average import prices reached the peak figure at $10,413 per ton in 2016; however, from 2017 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 the United States.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -12.9% per year.
Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Nigeria (FOB) - 2022
The average export price for wool; wool tops and other combed wool, other than in fragmentses stood at $6,000 per ton in 2022, declining by -19.8% against the previous year. In general, the export price, however, posted a mild increase. The most prominent rate of growth was recorded in 2016 an increase of 714% against the previous year. As a result, the export price reached the peak level of $38,000 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($10,000 per ton), while the average price for exports to Canada stood at $2,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+82.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Nigeria
In 2022, overseas purchases of wool; wool tops and other combed wool, other than in fragmentses decreased by -57.2% to 2.3 tons for the first time since 2019, thus ending a two-year rising trend. In general, imports recorded a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, imports attained the peak of 5.4 tons, and then shrank sharply in the following year.
In value terms, imports of wool; wool tops and other combed wool, other than in fragmentses surged to $5.2K in 2022. Overall, imports continue to indicate a dramatic shrinkage.
| Import of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Nigeria (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 |
| United States | N/A | N/A | 5.2 | 0% |
| China | 15.2 | 1.9 | N/A | -87.5% |
| Ghana | N/A | 1.4 | N/A | 0% |
| Others | N/A | N/A | N/A | 0% |
| Total | 15.2 | 3.3 | 5.2 | -41.5% |
Top Suppliers of Wool; Wool Tops and Other Combed Wool, Other than in Fragments to Nigeria in 2022:
- United States (2.3 tons)
Exports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Nigeria
In 2022, shipments abroad of wool; wool tops and other combed wool, other than in fragmentses decreased by -96.9% to 2 kg, falling for the second year in a row after two years of growth. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 47,300% against the previous year. As a result, the exports attained the peak of 474 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of wool; wool tops and other combed wool, other than in fragmentses dropped markedly to $12 in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 41,533% against the previous year. As a result, the exports reached the peak of $2.5K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | N/A | 6.0 | N/A | 10.0 | 29.1% |
| Canada | N/A | N/A | 8.0 | 2.0 | -75.0% |
| Rwanda | N/A | 2,492 | 471 | N/A | -81.1% |
| Others | 6.0 | N/A | N/A | N/A | 0% |
| Total | 6.0 | 2,498 | 479 | 12.0 | 26.0% |
Top Export Markets for Wool; Wool Tops and Other Combed Wool, Other than in Fragments from Nigeria in 2022:
- Canada (1.0 kg)
- Ireland (1.0 kg)
403
This report provides an in-depth analysis of the combed wool market in Nigeria.
576
Global Combed Wool Market Report 2018. This report provides an in-depth analysis of the global combed wool market.
403
This report provides an in-depth analysis of the combed wool market in Nigeria.
576
Global Combed Wool Market Report 2018. This report provides an in-depth analysis of the global combed wool market.
Nothing found. Please try again.
