Price for Clothing; Parts, Knitted or Crocheted in Nigeria - 2022
Contents:
- Price for Clothing; Parts, Knitted or Crocheted in Nigeria (CIF) - 2022
- Price for Clothing; Parts, Knitted or Crocheted in Nigeria (FOB) - 2022
- Imports of Clothing; Parts, Knitted or Crocheted in Nigeria
- Exports of Clothing; Parts, Knitted or Crocheted in Nigeria
Price for Clothing; Parts, Knitted or Crocheted in Nigeria (CIF) - 2022
The average import price for clothing; parts, knitted or crocheted stood at $3,320 per ton in 2022, rising by 6% against the previous year. Overall, the import price enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2014 when the average import price increased by 840%. As a result, import price attained the peak level of $16,831 per ton. From 2015 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 France ($15,667 per ton), while the price for China ($2,049 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+347.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Clothing; Parts, Knitted or Crocheted in Nigeria (FOB) - 2022
The average export price for clothing; parts, knitted or crocheted stood at $1,485 per ton in 2022, almost unchanged from the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 a decrease of 99.9% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($7,018 per ton), while the average price for exports to Benin totaled $340 per ton.
From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Clothing; Parts, Knitted or Crocheted in Nigeria
In 2022, imports of clothing; parts, knitted or crocheted into Nigeria skyrocketed to 4.7 tons, with an increase of 163% against the year before. Over the period under review, imports continue to indicate a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, clothing; parts, knitted or crocheted imports soared to $16K in 2022. In general, imports enjoyed modest growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Clothing; Parts, Knitted or Crocheted in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.0 | 0.2 | 2.4 | 6.6 | -6.2% |
| United Kingdom | 2.3 | N/A | 0.4 | 3.3 | 12.8% |
| France | N/A | N/A | 0.4 | 2.9 | 625.0% |
| United States | N/A | 1.2 | 2.0 | 1.7 | 19.0% |
| South Korea | N/A | N/A | 0.1 | N/A | 0% |
| Ethiopia | 0.1 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 2.6 | 5.5 | N/A | N/A | 111.5% |
| Others | 1.8 | N/A | 0.3 | 1.0 | -17.8% |
| Total | 14.7 | 7.0 | 5.6 | 15.6 | 2.0% |
Top Suppliers of Clothing; Parts, Knitted or Crocheted to Nigeria in 2022:
- China (3227.0 kg)
- United Kingdom (975.0 kg)
- United States (268.0 kg)
- France (186.0 kg)
Exports of Clothing; Parts, Knitted or Crocheted in Nigeria
Clothing; parts, knitted or crocheted exports from Nigeria stood at 6 tons in 2022, approximately mirroring the previous year's figure. In general, exports recorded a significant curtailment. The smallest decline of 99.9% was in 2021.
In value terms, clothing; parts, knitted or crocheted exports amounted to $9K in 2022. Overall, exports faced a dramatic slump. The smallest decline of 99.9% was in 2021.
| Export of Clothing; Parts, Knitted or Crocheted in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United States | N/A | N/A | 3.8 | 0% | |
| Benin | N/A | N/A | 1.8 | 0% | |
| Congo | 2.5 | N/A | N/A | 0% | |
| Central African Republic | 8.9 | N/A | N/A | 0% | |
| Others | 6.6 | N/A | 3.4 | -28.2% | |
| Total | 18.0 | N/A | 9.0 | -29.3% | |
Top Export Markets for Clothing; Parts, Knitted or Crocheted from Nigeria in 2022:
- Benin (5.1 tons)
- United States (0.5 tons)
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