Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Nigeria - 2023
Contents:
- Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Nigeria (CIF) - 2022
- Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Nigeria (FOB) - 2022
- Imports of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Nigeria
- Exports of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Nigeria
Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Nigeria (CIF) - 2022
The average import price for woven fabrics of combed wool or of combed fine animal hair stood at $1.6 per square meter in 2022, reducing by -30.9% against the previous year. Overall, the import price, however, saw a buoyant increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 1,326% against the previous year. As a result, import price reached the peak level of $20 per square meter. From 2019 to 2022, the average import prices remained at a lower figure.
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 Turkey amounted to +49.9% per year.
Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Nigeria (FOB) - 2022
The average export price for woven fabrics of combed wool or of combed fine animal hair stood at $3.5 per square meter in 2022, jumping by 209% against the previous year. Over the period under review, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2020 an increase of 213% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($11 per square meter), while the average price for exports to Benin ($0.6 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 (+36.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Nigeria
In 2022, approx. 22K square meters of woven fabrics of combed wool or of combed fine animal hair were imported into Nigeria; with an increase of 306% against 2021. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of woven fabrics of combed wool or of combed fine animal hair skyrocketed to $35K in 2022. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.0 | 25.5 | 7.7 | 34.5 | 35.1% |
| United Kingdom | 0.1 | N/A | 4.7 | N/A | 585.6% |
| United Arab Emirates | N/A | 2.0 | N/A | N/A | 0% |
| United States | 1.6 | N/A | 0.1 | N/A | -75.0% |
| Others | 3.1 | 0.6 | 0.1 | 0.9 | -33.8% |
| Total | 18.8 | 28.1 | 12.6 | 35.4 | 23.5% |
Top Suppliers of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair to Nigeria in 2022:
- China (21.6K square meters)
Exports of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Nigeria
In 2022, exports of woven fabrics of combed wool or of combed fine animal hair from Nigeria shrank rapidly to 171 square meters, waning by -76.6% on 2021. Overall, exports saw a sharp slump. The smallest decline of -55.5% was in 2021. Over the period under review, the exports of hit record highs at 6.9K square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of woven fabrics of combed wool or of combed fine animal hair reduced notably to $604 in 2022. Over the period under review, exports faced a sharp curtailment. The smallest decline of -26.1% was in 2020. Over the period under review, the exports of reached the maximum at $2.1K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 289 | 0% |
| Ireland | N/A | N/A | N/A | 115 | 0% |
| Canada | 65.0 | N/A | 2.0 | 101 | 15.8% |
| Singapore | N/A | N/A | N/A | 83.0 | 0% |
| Benin | 816 | 561 | N/A | 16.0 | -73.0% |
| Cameroon | 1,185 | 965 | 672 | N/A | -24.7% |
| Niger | N/A | N/A | 144 | N/A | 0% |
| Others | N/A | N/A | 18.0 | N/A | 0% |
| Total | 2,066 | 1,526 | 836 | 604 | -33.6% |
Top Export Markets for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair from Nigeria in 2022:
- China (101.0 square meters)
- Benin (29.0 square meters)
- Ireland (19.0 square meters)
- Singapore (13.0 square meters)
- Canada (9.0 square meters)
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