Price for Handkerchiefs (Not Knitted or Crocheted) in Nigeria - 2022
Contents:
- Price for Handkerchiefs (Not Knitted or Crocheted) in Nigeria (CIF) - 2022
- Price for Handkerchiefs (Not Knitted or Crocheted) in Nigeria (FOB) - 2022
- Imports of Handkerchiefs (Not Knitted or Crocheted) in Nigeria
- Exports of Handkerchiefs (Not Knitted or Crocheted) in Nigeria
Price for Handkerchiefs (Not Knitted or Crocheted) in Nigeria (CIF) - 2022
In 2022, the average import price for handkerchiefs (not knitted or crocheted)s amounted to $0.1 per unit, growing by 58% against the previous year. Over the period under review, the import price showed a perceptible increase. The pace of growth was the most pronounced in 2015 when the average import price increased by 87% against the previous year. As a result, import price attained the peak level of $0.1 per unit. From 2016 to 2022, the average import prices failed to regain momentum.
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 +4.6% per year.
Price for Handkerchiefs (Not Knitted or Crocheted) in Nigeria (FOB) - 2022
In 2022, the average export price for handkerchiefs (not knitted or crocheted)s amounted to $0.4 per unit, waning by -23.2% against the previous year. Over the period under review, the export price, however, showed a temperate expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 107% against the previous year. As a result, the export price attained the peak level of $0.7 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1.2 per unit), while the average price for exports to Angola ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Handkerchiefs (Not Knitted or Crocheted) in Nigeria
In 2022, approx. 319K units of handkerchiefs (not knitted or crocheted)s were imported into Nigeria; picking up by 76% against the previous year. Overall, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 925%. As a result, imports attained the peak of 393K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, handkerchiefs (not knitted or crocheted) imports surged to $21K in 2022. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 458% against the previous year. As a result, imports reached the peak of $22K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Handkerchiefs (Not Knitted or Crocheted) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.2 | 11.0 | 6.9 | 20.4 | 367.2% |
| India | 3.0 | 4.2 | 0.1 | 0.1 | -67.8% |
| Others | 0.7 | 6.7 | 0.4 | N/A | -24.4% |
| Total | 3.9 | 21.9 | 7.3 | 20.5 | 73.9% |
Top Suppliers of Handkerchiefs (Not Knitted or Crocheted) to Nigeria in 2022:
- China (318.8K units)
- India (0.4K units)
Exports of Handkerchiefs (Not Knitted or Crocheted) in Nigeria
In 2022, after three years of growth, there was significant decline in shipments abroad of handkerchiefs (not knitted or crocheted)s, when their volume decreased by -8.6% to 2.6K units. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +15.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.9% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 66% against the previous year. As a result, the exports attained the peak of 2.8K units, and then declined in the following year.
In value terms, handkerchiefs (not knitted or crocheted) exports shrank rapidly to $1K in 2022. Overall, exports, however, recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 146%. As a result, the exports attained the peak of $1.5K, and then fell rapidly in the following year.
| Export of Handkerchiefs (Not Knitted or Crocheted) in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 375 | 448 | 910 | 708 | 23.6% |
| Niger | 46.0 | 41.0 | 58.0 | 76.0 | 18.2% |
| Angola | 80.0 | 44.0 | 81.0 | 55.0 | -11.7% |
| South Africa | 6.0 | 4.0 | 29.0 | 32.0 | 74.7% |
| Botswana | 2.0 | 9.0 | 3.0 | 6.0 | 44.2% |
| Others | 37.0 | 57.0 | 405 | 167 | 65.3% |
| Total | 546 | 603 | 1,486 | 1,044 | 24.1% |
Top Export Markets for Handkerchiefs (Not Knitted or Crocheted) from Nigeria in 2022:
- Angola (762.0 units)
- Niger (740.0 units)
- United States (608.0 units)
- South Africa (287.0 units)
- Botswana (55.0 units)
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This report provides an in-depth analysis of the handkerchief market in Nigeria.
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In value terms, handkerchiefs imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctua...
901
In value terms, handkerchiefs exports totaled $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuat...
2241
In value terms, handkerchiefs imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctua...
901
In value terms, handkerchiefs exports totaled $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuat...
