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Nigeria - Cotton Sewing Thread - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNigeria: Cotton Sewing Thread Market 2024
Cotton Sewing Thread Market Size in Nigeria
The Nigerien cotton sewing thread market expanded rapidly to $X in 2023, with an increase of X% against the previous year. Over the period under review, the total consumption indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Cotton sewing thread consumption peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.
Cotton Sewing Thread Production in Nigeria
In value terms, cotton sewing thread production amounted to $X in 2023 estimated in export price. In general, production enjoyed a resilient increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2023, production growth remained at a somewhat lower figure.
Cotton Sewing Thread Exports
Exports from Nigeria
In 2023, overseas shipments of cotton sewing thread decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.
In value terms, cotton sewing thread exports declined significantly to $X in 2023. Overall, exports saw a sharp reduction. The pace of growth was the most pronounced in 2015 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.
Exports by Country
Ghana (X tons) was the main destination for cotton sewing thread exports from Nigeria, with a X% share of total exports. Moreover, cotton sewing thread exports to Ghana exceeded the volume sent to the second major destination, Ireland (X kg), more than tenfold. The third position in this ranking was taken by Benin (X kg), with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume to Ghana stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (X% per year) and Benin (X% per year).
In value terms, Ghana ($X) emerged as the key foreign market for cotton sewing thread exports from Nigeria, comprising X% of total exports. The second position in the ranking was taken by Benin ($X), with a X% share of total exports. It was followed by Ireland, with a X% share.
From 2012 to 2023, the average annual growth rate of value to Ghana was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (X% per year) and Ireland (X% per year).
Export Prices by Country
The average cotton sewing thread export price stood at $X per ton in 2023, falling by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced notably in the following year.
There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Benin ($X per ton), while the average price for exports to Ghana ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (X%), while the prices for the other major destinations experienced mixed trend patterns.
Cotton Sewing Thread Imports
Imports into Nigeria
In 2023, after three years of decline, there was significant growth in overseas purchases of cotton sewing thread, when their volume increased by X% to X tons. In general, imports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2023, imports remained at a lower figure.
In value terms, cotton sewing thread imports skyrocketed to $X in 2023. Over the period under review, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.
Imports by Country
In 2023, China (X tons) constituted the largest supplier of cotton sewing thread to Nigeria, accounting for a X% share of total imports. Moreover, cotton sewing thread imports from China exceeded the figures recorded by the second-largest supplier, Ethiopia (X tons), fivefold. The third position in this ranking was held by Egypt (X tons), with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ethiopia (X% per year) and Egypt (X% per year).
In value terms, China ($X) constituted the largest supplier of cotton sewing thread to Nigeria, comprising X% of total imports. The second position in the ranking was held by Ethiopia ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ethiopia (X% per year) and Egypt (X% per year).
Import Prices by Country
In 2023, the average cotton sewing thread import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price continues to indicate mild growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2023, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the cotton sewing thread 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 13106200 - Cotton sewing thread
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
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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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