Price for Cotton; Sewing Thread, Put Up for Retail Sale in Nigeria - 2023
Contents:
- Price for Cotton; Sewing Thread, Put Up for Retail Sale in Nigeria (CIF) - 2022
- Price for Cotton; Sewing Thread, Put Up for Retail Sale in Nigeria (FOB) - 2022
- Imports of Cotton; Sewing Thread, Put Up for Retail Sale in Nigeria
- Exports of Cotton; Sewing Thread, Put Up for Retail Sale in Nigeria
Price for Cotton; Sewing Thread, Put Up for Retail Sale in Nigeria (CIF) - 2022
In 2022, the average import price for cotton; sewing thread, put up for retail sale amounted to $4,267 per ton, surging by 86% against the previous year. In general, the import price recorded a prominent increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 India ($7,488 per ton), while the price for the UK ($1,462 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+50.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cotton; Sewing Thread, Put Up for Retail Sale in Nigeria (FOB) - 2022
The average export price for cotton; sewing thread, put up for retail sale stood at $1,140 per ton in 2022, picking up by 17% against the previous year. Over the period under review, the export price saw a moderate expansion. The most prominent rate of growth was recorded in 2021 an increase of 74% against the previous year. The export price peaked at $1,429 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($1,691 per ton), while the average price for exports to Niger amounted to $1,040 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cotton; Sewing Thread, Put Up for Retail Sale in Nigeria
In 2022, purchases abroad of cotton; sewing thread, put up for retail sale decreased by -11.9% to 63 tons, falling for the second consecutive year after two years of growth. In general, imports faced a sharp slump. The growth pace was the most rapid in 2020 when imports increased by 59%. As a result, imports attained the peak of 297 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of cotton; sewing thread, put up for retail sale skyrocketed to $268K in 2022. Overall, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 151% against the previous year. As a result, imports reached the peak of $534K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Cotton; Sewing Thread, Put Up for Retail Sale in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 31.5 | 288 | 80.1 | 200 | 85.2% |
| China | 181 | 245 | 79.2 | 63.8 | -29.4% |
| United Kingdom | N/A | N/A | 3.2 | 4.3 | 34.4% |
| Others | N/A | 1.4 | 0.7 | N/A | -50.0% |
| Total | 213 | 534 | 163 | 268 | 8.0% |
Top Suppliers of Cotton; Sewing Thread, Put Up for Retail Sale to Nigeria in 2022:
- China (33.1 tons)
- India (26.7 tons)
- United Kingdom (3.0 tons)
Exports of Cotton; Sewing Thread, Put Up for Retail Sale in Nigeria
In 2022, the amount of cotton; sewing thread, put up for retail sale exported from Nigeria fell rapidly to 33 tons, which is down by -25.2% against the year before. In general, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. As a result, the exports reached the peak of 44 tons, and then reduced rapidly in the following year.
In value terms, exports of cotton; sewing thread, put up for retail sale fell to $37K in 2022. Over the period under review, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 103%. As a result, the exports attained the peak of $43K, and then reduced in the following year.
| Export of Cotton; Sewing Thread, Put Up for Retail Sale in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 28.8 | 16.9 | 38.0 | 29.3 | 0.6% |
| Benin | N/A | 1.0 | 4.8 | 7.8 | 179.3% |
| Burkina Faso | N/A | 2.2 | N/A | N/A | 0% |
| Cameroon | 0.4 | 1.0 | N/A | N/A | 150.0% |
| Others | 0.5 | N/A | N/A | 0.3 | -15.7% |
| Total | 29.7 | 21.0 | 42.8 | 37.4 | 8.0% |
Top Export Markets for Cotton; Sewing Thread, Put Up for Retail Sale from Nigeria in 2022:
- Niger (28.2 tons)
- Benin (4.6 tons)
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This report provides an in-depth analysis of the cotton sewing thread market in Nigeria.
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This report provides an in-depth analysis of the global cotton sewing thread market.
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This report provides an in-depth analysis of the cotton sewing thread market in Nigeria.
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This report provides an in-depth analysis of the global cotton sewing thread market.
1045
In 2016, the global cotton sewing thread imports totaled X tons, remaining relatively unchanged against the previous year figure. In general, cotton sewing thread imports continue to indicate a pe...
1094
In 2016, the global cotton sewing thread imports totaled X tons, remaining relatively unchanged against the previous year figure. In general, cotton sewing thread imports continue to indicate a pe...
1658
The global trade in cotton sewing thread amounted to X million USD in 2015, fluctuating mildly over the period under review. A X% drop in 2009 was followed by another X% decline in 2010, after which exports alternated be
1514
Despite a drop in exports in 2014, India remained one of the leaders in the global cotton sewing thread trade. In 2014, India exported X tons of cotton sewing thread totaling X million USD, X% under the previous year. Its primary trading partne
1045
In 2016, the global cotton sewing thread imports totaled X tons, remaining relatively unchanged against the previous year figure. In general, cotton sewing thread imports continue to indicate a pe...
1094
In 2016, the global cotton sewing thread imports totaled X tons, remaining relatively unchanged against the previous year figure. In general, cotton sewing thread imports continue to indicate a pe...
1658
The global trade in cotton sewing thread amounted to X million USD in 2015, fluctuating mildly over the period under review. A X% drop in 2009 was followed by another X% decline in 2010, after which exports alternated be
1514
Despite a drop in exports in 2014, India remained one of the leaders in the global cotton sewing thread trade. In 2014, India exported X tons of cotton sewing thread totaling X million USD, X% under the previous year. Its primary trading partne
