Price for Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Nigeria - 2023
Contents:
- Price for Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Nigeria (CIF) - 2022
- Price for Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Nigeria (FOB) - 2022
- Imports of Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Nigeria
- Exports of Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Nigeria
Price for Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Nigeria (CIF) - 2022
In 2022, the average import price for woven fabrics of carded wool or of carded fine animal hair amounted to $9.9 per square meter, with an increase of 54% against the previous year. In general, the import price showed strong growth. The most prominent rate of growth was recorded in 2016 an increase of 253% against the previous year. As a result, import price attained the peak level of $31 per square meter. From 2017 to 2022, the average 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 China amounted to +8.8% per year.
Price for Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Nigeria (FOB) - 2022
The average export price for woven fabrics of carded wool or of carded fine animal hair stood at $1.3 per square meter in 2022, waning by -93.9% against the previous year. Overall, the export price recorded a abrupt downturn. The growth pace was the most rapid in 2013 an increase of 193% against the previous year. Over the period under review, the average export prices hit record highs at $22 per square meter in 2021, and then contracted remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Botswana ($10 per square meter), while the average price for exports to Niger ($0.8 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (+61.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Nigeria
In 2022, purchases abroad of woven fabrics of carded wool or of carded fine animal hair decreased by -52.3% to 8.4K square meters, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a sharp slump. The growth pace was the most rapid in 2020 with an increase of 3,806%. As a result, imports attained the peak of 650K square meters. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of woven fabrics of carded wool or of carded fine animal hair dropped notably to $84K in 2022. Over the period under review, imports showed a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 2,301% against the previous year. As a result, imports attained the peak of $3.3M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 95.1 | 2,357 | 106 | 83.8 | -4.1% |
| India | 0.5 | 915 | N/A | N/A | 182900.0% |
| Others | 40.6 | 0.9 | 8.4 | 0.1 | -86.5% |
| Total | 136 | 3,273 | 114 | 83.9 | -14.9% |
Top Suppliers of Woven Fabrics of Carded Wool or of Carded Fine Animal Hair to Nigeria in 2022:
- China (8.4K square meters)
Exports of Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Nigeria
In 2022, exports of woven fabrics of carded wool or of carded fine animal hair from Nigeria shrank rapidly to 398 square meters, declining by -63.9% compared with the year before. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 357% against the previous year. As a result, the exports attained the peak of 1.1K square meters, and then plummeted in the following year.
In value terms, exports of woven fabrics of carded wool or of carded fine animal hair fell sharply to $535 in 2022. Over the period under review, exports continue to indicate a dramatic setback. The pace of growth appeared the most rapid in 2021 when exports increased by 1,123%. As a result, the exports attained the peak of $24K, and then shrank significantly in the following year.
| Export of Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | N/A | 0.1 | N/A | 0.3 | 73.2% |
| Botswana | N/A | N/A | N/A | 0.1 | 0% |
| Benin | N/A | N/A | 0.1 | N/A | 0% |
| Rwanda | N/A | N/A | N/A | N/A | 0% |
| Congo | N/A | 1.6 | N/A | N/A | 0% |
| United States | 1.8 | N/A | N/A | N/A | 0% |
| South Africa | 0.2 | 0.1 | 0.2 | N/A | 0.0% |
| Canada | 0.5 | N/A | 0.1 | N/A | -55.3% |
| Brazil | N/A | N/A | 22.5 | N/A | 0% |
| Others | 0.3 | 0.2 | 1.3 | 0.1 | -30.7% |
| Total | 2.8 | 2.0 | 24.2 | 0.5 | -43.7% |
Top Export Markets for Woven Fabrics of Carded Wool or of Carded Fine Animal Hair from Nigeria in 2022:
- Niger (320.0 square meters)
- Rwanda (60.0 square meters)
- Botswana (14.0 square meters)
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