Price for Graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheted in Nigeria - 2022

Price for Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in Nigeria (CIF) - 2022

The average import price for graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds stood at $0.2 per pair in 2022, picking up by 12% against the previous year. Overall, the import price saw a strong increase. The most prominent rate of growth was recorded in 2014 an increase of 3,330%. Over the period under review, average import prices hit record highs at $6.7 per pair in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +10.3% per year.

Imports of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in Nigeria

For the fourth consecutive year, Nigeria recorded growth in purchases abroad of graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds, which increased by 22% to 4.7M pairs in 2022. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 66% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, imports of graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds skyrocketed to $764K in 2022. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 82% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.