Price for Embroidery; in the Piece, in Strips or in Motifs in Nigeria - 2022
Contents:
- Price for Embroidery; in the Piece, in Strips or in Motifs in Nigeria (CIF) - 2022
- Price for Embroidery; in the Piece, in Strips or in Motifs in Nigeria (FOB) - 2022
- Imports of Embroidery; in the Piece, in Strips or in Motifs in Nigeria
- Exports of Embroidery; in the Piece, in Strips or in Motifs in Nigeria
Price for Embroidery; in the Piece, in Strips or in Motifs in Nigeria (CIF) - 2022
In 2022, the average import price for embroidery; in the piece, in strips or in motifses amounted to $879 per ton, dropping by -48.4% against the previous year. Over the period under review, the import price continues to indicate a dramatic decline. The most prominent rate of growth was recorded in 2020 an increase of 201%. The import price peaked at $57,379 per ton in 2015; however, from 2016 to 2022, import prices stood 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 UK ($1,786 per ton), while the price for Ethiopia ($262 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-10.4%), while the prices for the other major suppliers experienced a decline.
Price for Embroidery; in the Piece, in Strips or in Motifs in Nigeria (FOB) - 2022
The average export price for embroidery; in the piece, in strips or in motifses stood at $5,745 per ton in 2022, with an increase of 272% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 1,328%. The export price peaked at $30,516 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
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 Austria ($41,258 per ton), while the average price for exports to Benin ($1,134 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 Switzerland (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Embroidery; in the Piece, in Strips or in Motifs in Nigeria
In 2022, imports of embroidery; in the piece, in strips or in motifses into Nigeria surged to 219 tons, growing by 158% on 2021. In general, imports, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 301% against the previous year.
In value terms, imports of embroidery; in the piece, in strips or in motifses surged to $193K in 2022. Over the period under review, imports, however, showed a dramatic descent.
| Import of Embroidery; in the Piece, in Strips or in Motifs in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 470 | 16.2 | 23.8 | 99.3 | -40.4% |
| Japan | 32.9 | N/A | N/A | 30.8 | -2.2% |
| United Kingdom | 3.1 | 0.1 | 24.6 | 29.1 | 110.9% |
| India | 0.9 | 1.6 | 1.1 | 4.2 | 67.1% |
| Ethiopia | N/A | N/A | 3.7 | 0.6 | -83.8% |
| Others | 175 | 128 | 91.2 | 28.8 | -45.2% |
| Total | 682 | 145 | 144 | 193 | -34.3% |
Top Suppliers of Embroidery; in the Piece, in Strips or in Motifs to Nigeria in 2022:
- China (163.1 tons)
- Japan (22.8 tons)
- United Kingdom (16.3 tons)
- India (4.9 tons)
- Ethiopia (2.3 tons)
Exports of Embroidery; in the Piece, in Strips or in Motifs in Nigeria
In 2022, exports of embroidery; in the piece, in strips or in motifses from Nigeria skyrocketed to 14 tons, growing by 29% on 2021 figures. Over the period under review, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 105%. Over the period under review, the exports of embroidery; in piece, in strips or in motifses hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of embroidery; in the piece, in strips or in motifses skyrocketed to $81K in 2022. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Embroidery; in the Piece, in Strips or in Motifs in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 11.0 | 0.1 | 0.3 | 53.4 | 69.3% |
| Niger | 6.6 | 5.4 | 11.9 | 17.7 | 38.9% |
| Benin | N/A | 0.5 | 2.8 | 0.7 | 18.3% |
| Switzerland | 9.4 | N/A | N/A | 0.2 | -72.3% |
| Brazil | 15.8 | 2.3 | 0.8 | N/A | -77.5% |
| Others | 1.5 | 1.0 | 1.0 | 8.7 | 79.7% |
| Total | 44.3 | 9.2 | 16.8 | 80.7 | 22.1% |
Top Export Markets for Embroidery; in the Piece, in Strips or in Motifs from Nigeria in 2022:
- Niger (11.8 tons)
- Austria (1.3 tons)
- Benin (0.6 tons)
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