Price for Knitted or Crocheted Pile Fabrics in Nigeria - 2022
Contents:
- Price for Knitted or Crocheted Pile Fabrics in Nigeria (CIF) - 2022
- Price for Knitted or Crocheted Pile Fabrics in Nigeria (FOB) - 2022
- Imports of Knitted or Crocheted Pile Fabrics in Nigeria
- Exports of Knitted or Crocheted Pile Fabrics in Nigeria
Price for Knitted or Crocheted Pile Fabrics in Nigeria (CIF) - 2022
The average import price for knitted or crocheted pile fabricses stood at $559 per ton in 2022, jumping by 39% against the previous year. Overall, the import price, however, showed a abrupt decrease. The growth pace was the most rapid in 2016 an increase of 191%. As a result, import price attained the peak level of $8,569 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($8,881 per ton), while the price for Italy ($424 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Knitted or Crocheted Pile Fabrics in Nigeria (FOB) - 2022
The average export price for knitted or crocheted pile fabricses stood at $10,573 per ton in 2022, which is down by -13.5% against the previous year. In general, the export price saw a abrupt curtailment. The growth pace was the most rapid in 2020 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices attained the maximum at $18,745 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sao Tome and Principe ($22,849 per ton), while the average price for exports to Namibia ($1,600 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 Sao Tome and Principe (+17.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Knitted or Crocheted Pile Fabrics in Nigeria
In 2022, the amount of knitted or crocheted pile fabricses imported into Nigeria rose significantly to 1.4K tons, increasing by 7.4% against 2021. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 554%. As a result, imports attained the peak of 1.5K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, knitted or crocheted pile fabrics imports surged to $806K in 2022. Over the period under review, imports posted significant growth. The growth pace was the most rapid in 2020 with an increase of 434% against the previous year. As a result, imports attained the peak of $1.1M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Knitted or Crocheted Pile Fabrics in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 86.7 | 751 | 217 | 24.4 | -34.5% |
| United Arab Emirates | 49.1 | 117 | 95.2 | 19.7 | -26.2% |
| Italy | 24.4 | 87.5 | 37.1 | 2.5 | -53.2% |
| Turkey | 18.3 | 54.7 | 45.0 | 2.0 | -52.2% |
| Others | 22.3 | 61.5 | 147 | 758 | 223.9% |
| Total | 201 | 1,072 | 541 | 806 | 58.9% |
Top Suppliers of Knitted or Crocheted Pile Fabrics to Nigeria in 2022:
- China (43.1 tons)
- Italy (5.8 tons)
- United Arab Emirates (4.9 tons)
- Turkey (1.4 tons)
Exports of Knitted or Crocheted Pile Fabrics in Nigeria
In 2022, overseas shipments of knitted or crocheted pile fabricses increased by 19% to 252 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a abrupt contraction.
In value terms, knitted or crocheted pile fabrics exports expanded slightly to $2.7K in 2022. Over the period under review, exports, however, saw a noticeable slump.
| Export of Knitted or Crocheted Pile Fabrics in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2,216 | 2,158 | 1,677 | 2,157 | -0.9% |
| Cameroon | 344 | 291 | 197 | 220 | -13.8% |
| Sao Tome and Principe | 132 | 117 | 83.0 | 97.0 | -9.8% |
| Benin | 49.0 | 9.0 | 54.0 | 58.0 | 5.8% |
| Namibia | 76.0 | 67.0 | 47.0 | 54.0 | -10.8% |
| Others | 76.0 | 96.0 | 533 | 79.0 | 1.3% |
| Total | 2,893 | 2,738 | 2,591 | 2,665 | -2.7% |
Top Export Markets for Knitted or Crocheted Pile Fabrics from Nigeria in 2022:
- United Arab Emirates (116.0 kg)
- Cameroon (86.0 kg)
- Namibia (34.0 kg)
- Benin (12.0 kg)
- Sao Tome and Principe (4.0 kg)
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