Nigeria - Narrow Woven Fabrics - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNarrow Woven Fabric Price in Nigeria - 2022
Contents:
- Narrow Woven Fabric Price in Nigeria (CIF) - 2022
- Narrow Woven Fabric Price in Nigeria (FOB) - 2022
- Narrow Woven Fabric Imports in Nigeria
- Narrow Woven Fabric Exports in Nigeria
Narrow Woven Fabric Price in Nigeria (CIF) - 2022
In 2022, the average narrow woven fabric import price amounted to $3,230 per ton, approximately equating the previous year. Over the period under review, the import price, however, showed a resilient increase. The pace of growth was the most pronounced in 2015 when the average import price increased by 143%. As a result, import price attained the peak level of $7,329 per ton. From 2016 to 2022, 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 Vietnam ($9,882 per ton), while the price for Taiwan (Chinese) ($420 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Narrow Woven Fabric Price in Nigeria (FOB) - 2022
In 2022, the average narrow woven fabric export price amounted to $8,161 per ton, rising by 51% against the previous year. Over the period under review, the export price, however, saw a noticeable decrease. The growth pace was the most rapid in 2020 when the average export price increased by 88%. As a result, the export price attained the peak level of $15,760 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($13,906 per ton), while the average price for exports to Burkina Faso ($271 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 the United States (+81.3%), while the prices for the other major destinations experienced mixed trend patterns.
Narrow Woven Fabric Imports in Nigeria
In 2022, after two years of decline, there was significant growth in supplies from abroad of narrow woven fabrics, when their volume increased by 305% to 945 tons. Overall, imports enjoyed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, narrow woven fabric imports surged to $3.1M in 2022. In general, imports, however, recorded a relatively flat trend pattern.
| Import of Narrow Woven Fabric in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 921 | 523 | 156 | 1,114 | 6.5% |
| Pakistan | 28.5 | 5.6 | 105 | 334 | 127.1% |
| South Korea | 111 | 187 | 42.8 | 276 | 35.5% |
| Vietnam | 32.9 | 51.5 | 57.2 | 233 | 92.0% |
| Democratic People's Republic of Korea | 47.8 | 51.2 | 34.5 | 165 | 51.1% |
| Hong Kong SAR | 70.7 | 29.1 | 16.3 | 63.5 | -3.5% |
| Indonesia | 11.8 | 11.5 | 7.0 | 30.3 | 36.9% |
| Taiwan (Chinese) | 12.9 | 8.1 | 3.6 | 7.1 | -18.0% |
| Others | 1,818 | 285 | 334 | 830 | -23.0% |
| Total | 3,054 | 1,151 | 757 | 3,053 | -0.0% |
Top Suppliers of Narrow Woven Fabric to Nigeria in 2022:
- China (587.1 tons)
- South Korea (114.2 tons)
- Pakistan (42.4 tons)
- Democratic People's Republic of Korea (33.8 tons)
- Indonesia (25.6 tons)
- Vietnam (23.6 tons)
- Hong Kong SAR (18.3 tons)
- Taiwan (Chinese) (17.0 tons)
Narrow Woven Fabric Exports in Nigeria
In 2022, exports of narrow woven fabrics from Nigeria fell sharply to 2.7 tons, with a decrease of -16.6% compared with the previous year. Over the period under review, exports saw a deep slump. The growth pace was the most rapid in 2021 with an increase of 92% against the previous year.
In value terms, narrow woven fabric exports soared to $22K in 2022. In general, exports saw a drastic downturn.
| Export of Narrow Woven Fabric in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | 0.5 | 0.7 | 3.0 | 2.6 | 73.2% |
| Ghana | 6.9 | 1.4 | 2.8 | 1.5 | -39.9% |
| Canada | 1.1 | 0.2 | 1.1 | 1.0 | -3.1% |
| Rwanda | 0.9 | 0.3 | 1.1 | 0.7 | -8.0% |
| Niger | 0.5 | 0.1 | 0.5 | 0.5 | 0.0% |
| Burkina Faso | 0.5 | 0.3 | 0.4 | 0.4 | -7.2% |
| Zimbabwe | 0.1 | 0.1 | 0.6 | 0.3 | 44.2% |
| United Kingdom | 5.4 | N/A | N/A | 0.2 | -66.7% |
| Others | 11.7 | 23.7 | 8.1 | 15.0 | 8.6% |
| Total | 27.6 | 26.8 | 17.6 | 22.2 | -7.0% |
Top Export Markets for Narrow Woven Fabric from Nigeria in 2022:
- Burkina Faso (1330.0 kg)
- Ghana (393.0 kg)
- United Kingdom (221.0 kg)
- Benin (208.0 kg)
- Canada (173.0 kg)
- Zimbabwe (129.0 kg)
- Niger (57.0 kg)
- Rwanda (53.0 kg)
This report provides an in-depth analysis of the narrow woven fabric 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 13961730 - Narrow woven fabrics other than labels, badges and other similar articles
- Prodcom 13961750 - Labels, badges and similar articles in textile materials (excluding embroidered)
- Prodcom 13961770 - Braids in the piece, tassels and pompons, ornamental trimmings (excluding knitted or crocheted)
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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This report provides an in-depth analysis of the narrow woven fabric market in Nigeria.
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This report provides an in-depth analysis of the global narrow woven fabric market.
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This report provides an in-depth analysis of the narrow woven fabric market in Nigeria.
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This report provides an in-depth analysis of the global narrow woven fabric market.
753
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1336
Global narrow woven fabric imports stood at X tons in 2016, jumping by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period fr...
753
In value terms, woven fabrics of cotton imports stood at $X in 2016. In general, woven fabrics of cotton imports continue to indicate a deep setback. Global woven fabrics of cotton import peaked of...
555
In value terms, woven fabrics of metal thread imports totaled $X in 2016. In general, woven fabrics of metal thread imports continue to indicate a slight downturn. Over the period under review, glob...
645
In value terms, woven fabrics of cotton exports totaled $X in 2016. Overall, woven fabrics of cotton exports continue to indicate a deep descent. Over the period under review, global woven fabrics ...
564
In value terms, woven fabrics of metal thread exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the tren...
