Price for Yarn of Carded Wool, Not Put Up for Retail Sale in Nigeria - 2023
Contents:
- Price for Yarn of Carded Wool, Not Put Up for Retail Sale in Nigeria (CIF) - 2022
- Price for Yarn of Carded Wool, Not Put Up for Retail Sale in Nigeria (FOB) - 2022
- Imports of Yarn of Carded Wool, Not Put Up for Retail Sale in Nigeria
- Exports of Yarn of Carded Wool, Not Put Up for Retail Sale in Nigeria
Price for Yarn of Carded Wool, Not Put Up for Retail Sale in Nigeria (CIF) - 2022
In 2022, the average import price for yarn of carded wool, not put up for retail sale amounted to $18,254 per ton, shrinking by -24.5% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for yarn of carded wool, not put up for retail sale increased by +29.1% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 57% against the previous year. As a result, import price attained the peak level of $24,179 per ton, and then dropped notably in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($79,000 per ton), while the price for China ($7,300 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Yarn of Carded Wool, Not Put Up for Retail Sale in Nigeria (FOB) - 2022
In 2022, the average export price for yarn of carded wool, not put up for retail sale amounted to $10,295 per ton, rising by 46% against the previous year. In general, the export price showed prominent growth. The most prominent rate of growth was recorded in 2016 an increase of 97%. As a result, the export price attained the peak level of $10,500 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($10,465 per ton), while the average price for exports to Ireland stood at $6,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Gambia (+50.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Yarn of Carded Wool, Not Put Up for Retail Sale in Nigeria
In 2022, supplies from abroad of yarn of carded wool, not put up for retail sale increased by 225% to 2.1 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of yarn of carded wool, not put up for retail sale soared to $39K in 2022. Over the period under review, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Yarn of Carded Wool, Not Put Up for Retail Sale in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 6.7 | 13.2 | 13.2 | 26.6 | 58.3% |
| China | 1.8 | 0.8 | 2.6 | 12.1 | 88.7% |
| South Korea | 11.4 | 3.9 | N/A | N/A | -65.8% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 19.9 | 17.9 | 15.8 | 38.9 | 25.0% |
Top Suppliers of Yarn of Carded Wool, Not Put Up for Retail Sale to Nigeria in 2022:
- China (1661.0 kg)
- Egypt (441.0 kg)
Exports of Yarn of Carded Wool, Not Put Up for Retail Sale in Nigeria
In 2022, the amount of yarn of carded wool, not put up for retail sale exported from Nigeria skyrocketed to 596 kg, rising by 109% against 2021 figures. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 563%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of yarn of carded wool, not put up for retail sale skyrocketed to $6.1K in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 912%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Yarn of Carded Wool, Not Put Up for Retail Sale in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | N/A | N/A | 2.0 | 6.0 | 200.0% |
| Ireland | 0.3 | N/A | N/A | 0.1 | -30.7% |
| Gambia | N/A | 0.2 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.3 | 0.2 | 2.0 | 6.1 | 172.9% |
Top Export Markets for Yarn of Carded Wool, Not Put Up for Retail Sale from Nigeria in 2022:
- Bahrain (578.0 kg)
- Ireland (10.0 kg)
758
This report provides an in-depth analysis of the woolen yarn market in Nigeria.
1821
This report provides an in-depth analysis of the global woolen yarn market.
758
This report provides an in-depth analysis of the woolen yarn market in Nigeria.
1821
This report provides an in-depth analysis of the global woolen yarn market.
869
In value terms, flax yarn imports amounted to $X in 2016. Overall, it indicated a mild increase from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the last...
789
In value terms, yarn of vegetable textile fibres imports totaled $X in 2016. Overall, yarn of vegetable textile fibres imports continue to indicate a relatively flat trend pattern. Over the period u...
1198
In value terms, metallised yarn imports totaled $X in 2016. Overall, metallised yarn imports continue to indicate a relatively flat trend pattern. Global metallised yarn import peaked of $X in X>
953
In value terms, articles of yarn and strip imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some no...
915
In value terms, flax yarn exports amounted to $X in 2016. Overall, it indicated a temperate growth from 2007 to 2016: the total exports value increased at an average annual rate of +X% over the l...
826
In value terms, yarn of vegetable textile fibres exports totaled $X in 2016. In general, yarn of vegetable textile fibres exports continue to indicate a perceptible setback. Over the period under re...
997
In value terms, metallised yarn exports stood at $X in 2016. Overall, metallised yarn exports continue to indicate a relatively flat trend pattern. Global metallised yarn export peaked of $X in ...
594
In value terms, articles of yarn and strip exports totaled $X in 2016. In general, articles of yarn and strip exports continue to indicate a strong increase. In that year, global articles of yarn a...
869
In value terms, flax yarn imports amounted to $X in 2016. Overall, it indicated a mild increase from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the last...
789
In value terms, yarn of vegetable textile fibres imports totaled $X in 2016. Overall, yarn of vegetable textile fibres imports continue to indicate a relatively flat trend pattern. Over the period u...
