Nigeria - Wadding - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWadding Price in Nigeria - 2022
Contents:
- Wadding Price in Nigeria (CIF) - 2022
- Wadding Price in Nigeria (FOB) - 2022
- Wadding Imports in Nigeria
- Wadding Exports in Nigeria
Wadding Price in Nigeria (CIF) - 2022
The average wadding import price stood at $5,100 per ton in 2022, declining by -26.1% against the previous year. Over the period under review, the import price, however, saw buoyant growth. The pace of growth appeared the most rapid in 2019 an increase of 124% against the previous year. Over the period under review, average import prices hit record highs at $6,899 per ton in 2021, and then fell sharply in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($11,661 per ton), while the price for South Korea ($625 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Wadding Price in Nigeria (FOB) - 2022
In 2022, the average wadding export price amounted to $2,130 per ton, shrinking by -53.6% against the previous year. In general, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 110%. The export price peaked at $5,073 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($24,231 per ton), while the average price for exports to Cote d'Ivoire ($164 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.
Wadding Imports in Nigeria
In 2022, the amount of wadding imported into Nigeria surged to 1.6K tons, increasing by 176% compared with the year before. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, wadding imports skyrocketed to $8M in 2022. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 122%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Wadding in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 906 | 2,152 | 1,548 | 5,839 | 86.1% |
| China | 246 | 351 | 204 | 846 | 50.9% |
| Serbia | 161 | 58.3 | 50.8 | 267 | 18.4% |
| South Korea | 26.4 | 33.9 | 21.5 | 82.3 | 46.1% |
| Egypt | N/A | 593 | N/A | N/A | 0% |
| Ukraine | 193 | 925 | N/A | N/A | 379.3% |
| Others | 504 | 414 | 2,097 | 977 | 24.7% |
| Total | 2,035 | 4,527 | 3,921 | 8,010 | 57.9% |
Top Suppliers of Wadding to Nigeria in 2022:
- China (744.0 tons)
- Lithuania (500.7 tons)
- South Korea (131.7 tons)
- Serbia (59.6 tons)
Wadding Exports in Nigeria
In 2022, shipments abroad of wadding was finally on the rise to reach 31 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, wadding exports reached $66K in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +19.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.7% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 36%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Wadding in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | 9.0 | 2.6 | 2.4 | 22.4 | 35.5% |
| Italy | 13.9 | 4.8 | 4.5 | 17.2 | 7.4% |
| Ghana | 6.2 | 2.6 | 3.0 | 14.0 | 31.2% |
| Niger | 9.2 | 0.4 | 2.7 | 11.1 | 6.5% |
| Cote d'Ivoire | 0.5 | 0.2 | 0.2 | 0.7 | 11.9% |
| Kenya | N/A | N/A | 5.2 | N/A | 0% |
| United Arab Emirates | N/A | N/A | 46.4 | N/A | 0% |
| Romania | N/A | 36.8 | N/A | N/A | 0% |
| Others | 0.5 | 0.7 | 1.1 | 0.7 | 11.9% |
| Total | 39.2 | 48.2 | 65.3 | 66.2 | 19.1% |
Top Export Markets for Wadding from Nigeria in 2022:
- Benin (19.3 tons)
- Niger (4.8 tons)
- Cote d'Ivoire (4.6 tons)
- Italy (1.4 tons)
- Ghana (0.6 tons)
This report provides an in-depth analysis of the wadding 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 17221240 - Wadding, other articles of wadding
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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