Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Nigeria - 2022
Contents:
- Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Nigeria (CIF) - 2022
- Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Nigeria (FOB) - 2022
- Imports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Nigeria
- Exports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Nigeria
Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Nigeria (CIF) - 2022
In 2022, the average import price for yarn; of jute or of other textile bast fibres, singles amounted to $897 per ton, picking up by 4.2% against the previous year. Overall, the import price, however, saw a mild decrease. The pace of growth appeared the most rapid in 2017 an increase of 14%. Over the period under review, average import prices reached the peak figure at $1,373 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Bangladesh.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +13.4% per year.
Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Nigeria (FOB) - 2022
The average export price for yarn; of jute or of other textile bast fibres, singles stood at $1,163 per ton in 2022, rising by 89% against the previous year. Overall, the export price, however, showed a pronounced curtailment. The export price peaked at $1,750 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to -4.0% per year.
Imports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Nigeria
In 2022, the amount of yarn; of jute or of other textile bast fibres, singles imported into Nigeria shrank notably to 13 tons, declining by -48.9% compared with the previous year. In general, imports faced a significant contraction. The smallest decline of -48.6% was in 2020.
In value terms, imports of yarn; of jute or of other textile bast fibres, singles declined remarkably to $11K in 2022. Overall, imports saw a dramatic decline.
| Import of Yarn; of Jute or of Other Textile Bast Fibres, Single in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 142 | 78.9 | 19.7 | 3.4 | -71.2% |
| Poland | N/A | 31.5 | N/A | N/A | 0% |
| Kenya | 78.2 | 46.4 | 1.7 | N/A | -85.3% |
| Others | 787 | 357 | 0.2 | 8.1 | -78.2% |
| Total | 1,006 | 514 | 21.5 | 11.5 | -77.5% |
Top Suppliers of Yarn; of Jute or of Other Textile Bast Fibres, Single to Nigeria in 2022:
- Bangladesh (4.0 tons)
Exports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Nigeria
In 2022, exports of yarn; of jute or of other textile bast fibres, singles from Nigeria soared to 5.8 tons, increasing by 7,867% compared with 2021 figures. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of yarn; of jute or of other textile bast fibres, singles surged to $6.8K in 2022. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Yarn; of Jute or of Other Textile Bast Fibres, Single in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | N/A | N/A | N/A | 6.8 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | N/A | N/A | N/A | 6.8 | 0% |
Top Export Markets for Yarn; of Jute or of Other Textile Bast Fibres, Single from Nigeria in 2022:
- Niger (5.8 tons)
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