Price for Yarn; of Flax, Single in Nigeria - 2022
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Price for Yarn; of Flax, Single in Nigeria (CIF) - 2022
In 2022, the average yarn; of flax, single import price amounted to $8,310 per ton, waning by -11.8% against the previous year. In general, the import price continues to indicate a mild contraction. The pace of growth was the most pronounced in 2019 an increase of 73%. The import price peaked at $11,002 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($42,178 per ton), while the price for China ($4,520 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+22.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Yarn; of Flax, Single in Nigeria
In 2022, approx. 2.6 tons of yarn; of flax, singles were imported into Nigeria; rising by 97% against the year before. Overall, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 178% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, yarn; of flax, single imports surged to $22K in 2022. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 279%. Imports peaked in 2022 and are likely to see steady growth in years to come.
Import of Yarn; of Flax, Single in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | N/A | N/A | N/A | 10.2 | 0% |
China | 2.7 | 1.0 | 10.4 | 9.7 | 53.2% |
France | 0.6 | 0.2 | 2.1 | 1.9 | 46.8% |
India | N/A | 2.2 | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 3.2 | 3.3 | 12.6 | 21.8 | 89.6% |
Top Suppliers of Yarn; of Flax, Single to Nigeria in 2022:
- China (2141.0 kg)
- United Kingdom (437.0 kg)
- France (45.0 kg)
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