Price for Yarn; of Flax, Single in Nigeria - 2022

Contents:

1. Price for Yarn; of Flax, Single in Nigeria (CIF) - 2022
2. Imports of Yarn; of Flax, Single in Nigeria

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.

Top Suppliers of Yarn; of Flax, Single to Nigeria in 2022:

1. China (2141.0 kg)
2. United Kingdom (437.0 kg)
3. France (45.0 kg)

Source: IndexBox Market Intelligence Platform