Price for Bedspreads; Knitted or Crocheted in Nigeria - 2022

Contents:

1. Price for Bedspreads; Knitted or Crocheted in Nigeria (CIF) - 2022
2. Price for Bedspreads; Knitted or Crocheted in Nigeria (FOB) - 2022
3. Imports of Bedspreads; Knitted or Crocheted in Nigeria
4. Exports of Bedspreads; Knitted or Crocheted in Nigeria

Price for Bedspreads; Knitted or Crocheted in Nigeria (CIF) - 2022

The average bedspreads; knitted or crocheted import price stood at $9.8 per unit in 2022, growing by 84% against the previous year. Overall, the import price recorded a strong expansion. The most prominent rate of growth was recorded in 2019 an increase of 114%. As a result, import price attained the peak level of $14 per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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 the United States ($24 per unit), while the price for China ($0.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-2.2%), while the prices for the other major suppliers experienced a decline.

Price for Bedspreads; Knitted or Crocheted in Nigeria (FOB) - 2022

In 2022, the average bedspreads; knitted or crocheted export price amounted to $3.9 per unit, declining by -15.4% against the previous year. In general, the export price, however, showed a mild expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 143%. As a result, the export price reached the peak level of $6.4 per unit. From 2015 to 2022, the average export prices remained at a lower figure.

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 ($4.9 per unit), while the average price for exports to Canada ($2.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+36.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bedspreads; Knitted or Crocheted in Nigeria

In 2022, approx. 1.9K units of bedspreads; knitted or crocheteds were imported into Nigeria; growing by 37% against 2021 figures. Over the period under review, total imports indicated a perceptible expansion from 2019 to 2022: its volume increased at an average annual rate of +3.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 54% against the previous year. As a result, imports reached the peak of 2.6K units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, bedspreads; knitted or crocheted imports skyrocketed to $18K in 2022. In general, imports, however, continue to indicate a abrupt curtailment. Over the period under review, imports attained the peak figure at $30K in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Top Suppliers of Bedspreads; Knitted or Crocheted to Nigeria in 2022:

1. India (1810.0 units)
2. United States (57.0 units)

Exports of Bedspreads; Knitted or Crocheted in Nigeria

In 2022, overseas shipments of bedspreads; knitted or crocheteds decreased by -3.6% to 53 units for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +15.9% 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 +55.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 53%. The exports peaked at 55 units in 2021, and then dropped slightly in the following year.

In value terms, bedspreads; knitted or crocheted exports reduced remarkably to $209 in 2022. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 130%. The exports peaked at $255 in 2021, and then shrank rapidly in the following year.

Top Export Markets for Bedspreads; Knitted or Crocheted from Nigeria in 2022:

1. Niger (51.0 units)
2. Canada (1.0 units)

Source: IndexBox Market Intelligence Platform