Price for Tents of Synthetic Fibres in Nigeria - 2022
Contents:
- Price for Tents of Synthetic Fibres in Nigeria (CIF) - 2022
- Imports of Tents of Synthetic Fibres in Nigeria
Price for Tents of Synthetic Fibres in Nigeria (CIF) - 2022
The average tents of synthetic fibres import price stood at $1,533 per ton in 2022, which is down by -59.5% against the previous year. Over the period under review, the import price saw a abrupt decrease. The pace of growth was the most pronounced in 2021 an increase of 115%. Over the period under review, average import prices reached the peak figure at $7,823 per ton in 2016; however, from 2017 to 2022, 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 Italy ($13,497 per ton), while the price for the United States ($614 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Tents of Synthetic Fibres in Nigeria
In 2022, tents of synthetic fibres imports into Nigeria surged to 195 tons, growing by 34% on the previous year. In general, imports, however, saw a perceptible slump.
In value terms, tents of synthetic fibres imports fell remarkably to $299K in 2022. Overall, imports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 31%. As a result, imports attained the peak of $552K, and then reduced remarkably in the following year.
| Import of Tents of Synthetic Fibres in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 179 | 159 | 104 | 204 | 4.5% |
| Italy | 4.7 | 5.9 | 12.9 | 47.5 | 116.2% |
| Kenya | N/A | N/A | N/A | 11.4 | 0% |
| Tanzania | N/A | N/A | 98.2 | N/A | 0% |
| Turkey | 46.2 | 13.9 | 26.4 | N/A | -24.4% |
| Others | 252 | 243 | 310 | 36.0 | -47.7% |
| Total | 482 | 421 | 552 | 299 | -14.7% |
Top Suppliers of Tents of Synthetic Fibres to Nigeria in 2022:
- China (177.9 tons)
- Kenya (8.0 tons)
- Italy (3.5 tons)
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