Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Nigeria - 2022
Contents:
- Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Nigeria (CIF) - 2022
- Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Nigeria (FOB) - 2022
- Imports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Nigeria
- Exports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Nigeria
Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Nigeria (CIF) - 2022
In 2022, the average import price for fabrics; looped pile fabrics, of cotton, knitted or crocheted amounted to $314,000 per ton, surging by 5,034% against the previous year. Over the period under review, the import price enjoyed a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Cote d'Ivoire.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +5.1% per year.
Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Nigeria (FOB) - 2022
The average export price for fabrics; looped pile fabrics, of cotton, knitted or crocheted stood at $2,400 per ton in 2022, almost unchanged from the previous year. Over the period under review, the export price showed a deep downturn. The pace of growth was the most pronounced in 2018 when the average export price decreased by -14.8% against the previous year. The export price peaked at $3,625 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Angola.
From 2017 to 2022, the rate of growth in terms of prices for Benin amounted to -13.1% per year.
Imports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Nigeria
In 2022, supplies from abroad of fabrics; looped pile fabrics, of cotton, knitted or crocheted decreased by 99.9% to 1 kg for the first time since 2018, thus ending a three-year rising trend. In general, imports faced a dramatic decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 50% against the previous year.
In value terms, imports of fabrics; looped pile fabrics, of cotton, knitted or crocheted declined dramatically to $314 in 2022. Over the period under review, imports faced a precipitous descent. The growth pace was the most rapid in 2020 with an increase of 96%. As a result, imports reached the peak of $25K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | N/A | N/A | N/A | 0.3 | 0% |
| China | 2.6 | 12.5 | 10.3 | N/A | 99.0% |
| Germany | 1.3 | 8.0 | 8.2 | N/A | 151.2% |
| India | 0.2 | 3.2 | 4.6 | N/A | 379.6% |
| Italy | 8.2 | N/A | N/A | N/A | 0% |
| Turkey | 0.3 | 1.0 | 0.5 | N/A | 29.1% |
| Others | 0.1 | 0.3 | 1.4 | N/A | 274.2% |
| Total | 12.7 | 25.0 | 24.9 | 0.3 | -71.3% |
Top Suppliers of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted to Nigeria in 2022:
- Cote d'Ivoire (1.0 kg)
Exports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Nigeria
In 2022, the amount of fabrics; looped pile fabrics, of cotton, knitted or crocheted exported from Nigeria stood at 30 kg, almost unchanged from the previous year. Over the period under review, exports showed significant growth. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of fabrics; looped pile fabrics, of cotton, knitted or crocheted stood at $72 in 2022. Overall, exports saw significant growth. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Angola | N/A | N/A | 72.0 | 0% | |
| Benin | 42.0 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 42.0 | N/A | 72.0 | 30.9% | |
Top Export Markets for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted from Nigeria in 2022:
- Angola (30.0 kg)
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