Nigeria - Quilted Textile Products In The Piece (Excluding Embroidery) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingQuilted Textile Products Price in Nigeria - 2023
Contents:
- Quilted Textile Products Price in Nigeria (CIF) - 2022
- Quilted Textile Products Price in Nigeria (FOB) - 2022
- Quilted Textile Products Imports in Nigeria
- Quilted Textile Products Exports in Nigeria
Quilted Textile Products Price in Nigeria (CIF) - 2022
In 2022, the average quilted textile products import price amounted to $0.5 per square meter, rising by 5.7% against the previous year. In general, the import price, however, saw a abrupt contraction. The growth pace was the most rapid in 2019 when the average import price increased by 73% against the previous year. Over the period under review, average import prices attained the maximum at $4.9 per square meter in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
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 ($14 per square meter), while the price for Singapore stood at $0.4 per square meter.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+21.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Quilted Textile Products Price in Nigeria (FOB) - 2022
The average quilted textile products export price stood at $0.5 per square meter in 2022, falling by -88.7% against the previous year. Over the period under review, the export price faced a deep slump. The most prominent rate of growth was recorded in 2020 an increase of 170%. Over the period under review, the average export prices hit record highs at $4.7 per square meter in 2021, and then declined dramatically in the following year.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Iceland ($0.5 per square meter), while the average price for exports to Benin ($0.5 per square meter) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (+14.7%), while the prices for the other major destinations experienced mixed trend patterns.
Quilted Textile Products Imports in Nigeria
In 2022, supplies from abroad of quilted textile products in the piece (excluding embroidery) was finally on the rise to reach 36K square meters after two years of decline. Over the period under review, imports, however, recorded a pronounced curtailment. Over the period under review, imports hit record highs at 39K square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, quilted textile products imports soared to $20K in 2022. Overall, imports, however, showed a dramatic decrease. Imports peaked at $110K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Quilted Textile Products in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | N/A | N/A | 14.9 | 0% |
| Japan | 1.4 | N/A | N/A | N/A | 0% |
| China | 5.6 | 0.2 | 1.4 | N/A | -50.0% |
| United Kingdom | 24.4 | 0.3 | N/A | N/A | -98.8% |
| France | N/A | N/A | 0.5 | N/A | 0% |
| India | 78.5 | 40.9 | N/A | N/A | -47.9% |
| Others | N/A | N/A | 1.1 | 4.8 | 336.4% |
| Total | 110 | 41.4 | 3.0 | 19.8 | -43.5% |
Top Suppliers of Quilted Textile Products to Nigeria in 2022:
- Singapore (35.7K square meters)
Quilted Textile Products Exports in Nigeria
For the fourth year in a row, Nigeria recorded growth in shipments abroad of quilted textile products in the piece (excluding embroidery), which increased by 428% to 24K square meters in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, quilted textile products exports declined notably to $13K in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 541%. As a result, the exports attained the peak of $22K, and then reduced rapidly in the following year.
| Export of Quilted Textile Products in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | 0.1 | N/A | 0.1 | 8.1 | 332.7% |
| Sao Tome and Principe | 0.9 | N/A | N/A | 3.9 | 63.0% |
| Iceland | N/A | N/A | N/A | 0.3 | 0% |
| United States | N/A | 3.0 | 21.1 | N/A | 603.3% |
| Others | N/A | 0.3 | 0.3 | 0.5 | 29.1% |
| Total | 1.0 | 3.4 | 21.6 | 12.8 | 133.9% |
Top Export Markets for Quilted Textile Products from Nigeria in 2022:
- Benin (15.9K square meters)
- Sao Tome and Principe (7.7K square meters)
- Iceland (0.6K square meters)
This report provides an in-depth analysis of the quilted textile products market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13991600 - Quilted textile products in the piece (excluding embroidery)
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In value terms, quilted textile products imports totaled $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicat...
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In value terms, quilted textile products exports amounted to $X in 2016. Overall, quilted textile products exports continue to indicate a relatively flat trend pattern. Over the period under review...
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In value terms, quilted textile products exports amounted to $X in 2016. Overall, quilted textile products exports continue to indicate a relatively flat trend pattern. Over the period under review...
