Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Nigeria - 2022

Contents:

1. Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Nigeria (CIF) - 2022
2. Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Nigeria (FOB) - 2022
3. Imports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Nigeria
4. Exports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Nigeria

Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Nigeria (CIF) - 2022

The average import price for felt; whether or not impregnated, coated, covered or laminateds stood at $1,186 per ton in 2022, declining by -22.8% against the previous year. Overall, the import price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2016 an increase of 199%. Over the period under review, average import prices attained the peak figure at $5,774 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($11,824 per ton), while the price for China ($687 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Nigeria (FOB) - 2022

In 2022, the average export price for felt; whether or not impregnated, coated, covered or laminateds amounted to $9,063 per ton, which is down by -95.7% against the previous year. Over the period under review, the export price, however, enjoyed a tangible increase. The growth pace was the most rapid in 2021 when the average export price increased by 14,018%. As a result, the export price reached the peak level of $211,769 per ton, and then shrank rapidly in the following year.

As there is only one major export destination, the average price level is determined by prices for Rwanda.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +68.9% per year.

Imports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Nigeria

In 2022, approx. 306 tons of felt; whether or not impregnated, coated, covered or laminateds were imported into Nigeria; rising by 27% on the year before. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 178%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of felt; whether or not impregnated, coated, covered or laminateds dropped to $363K in 2022. In general, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 183% against the previous year. As a result, imports reached the peak of $1.5M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Felt; Whether or Not Impregnated, Coated, Covered or Laminated to Nigeria in 2022:

1. China (272.3 tons)
2. United States (22.4 tons)
3. India (7.5 tons)
4. Turkey (2.5 tons)

Exports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Nigeria

Exports of felt; whether or not impregnated, coated, covered or laminateds from Nigeria surged to 79 kg in 2022, jumping by 508% compared with the year before. In general, exports, however, saw a abrupt setback.

In value terms, exports of felt; whether or not impregnated, coated, covered or laminateds dropped remarkably to $716 in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 1,939% against the previous year. As a result, the exports reached the peak of $2.8K, and then contracted markedly in the following year.

Top Export Markets for Felt; Whether or Not Impregnated, Coated, Covered or Laminated from Nigeria in 2022:

1. Rwanda (79.0 kg)

Source: IndexBox Market Intelligence Platform