Price for Silk; Woven Fabrics of Noil Silk in Nigeria - 2023
Contents:
- Price for Silk; Woven Fabrics of Noil Silk in Nigeria (CIF) - 2022
- Imports of Silk; Woven Fabrics of Noil Silk in Nigeria
Price for Silk; Woven Fabrics of Noil Silk in Nigeria (CIF) - 2022
The average import price for silk; woven fabrics of noil silks stood at $11,965 per ton in 2022, with an increase of 476% against the previous year. Overall, the import price enjoyed buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($13,169 per ton), while the price for China amounted to $8,327 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.0%).
Imports of Silk; Woven Fabrics of Noil Silk in Nigeria
In 2022, overseas purchases of silk; woven fabrics of noil silks decreased by -97.4% to 226 kg, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a dramatic decline. The growth pace was the most rapid in 2020 when imports increased by 65%. As a result, imports reached the peak of 14 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of silk; woven fabrics of noil silks fell dramatically to $2.7K in 2022. In general, imports continue to indicate a sharp reduction. The pace of growth appeared the most rapid in 2020 with an increase of 802% against the previous year. As a result, imports reached the peak of $148K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Silk; Woven Fabrics of Noil Silk in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.6 | 110 | 9.8 | 1.3 | -20.6% |
| Taiwan (Chinese) | 10.4 | 23.1 | 0.2 | 0.8 | -57.5% |
| Saudi Arabia | N/A | N/A | 0.6 | N/A | 0% |
| Ghana | 0.5 | N/A | N/A | N/A | 0% |
| Others | 2.9 | 15.0 | 7.4 | 0.6 | -40.9% |
| Total | 16.5 | 148 | 18.0 | 2.7 | -45.3% |
Top Suppliers of Silk; Woven Fabrics of Noil Silk to Nigeria in 2022:
- China (156.0 kg)
- Taiwan (Chinese) (59.0 kg)
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