Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Nigeria - 2023

Contents:

1. Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Nigeria (CIF) - 2022
2. Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Nigeria (FOB) - 2022
3. Imports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in Nigeria
4. Exports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in Nigeria

Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Nigeria (CIF) - 2022

The average import price for tents of textile materials other than cotton or synthetic fibreses stood at $7,232 per ton in 2022, shrinking by -24.2% against the previous year. In general, the import price, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2021 an increase of 298%. As a result, import price reached the peak level of $9,540 per ton, and then shrank dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($48,187 per ton), while the price for China ($3,997 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Nigeria (FOB) - 2022

In 2022, the average export price for tents of textile materials other than cotton or synthetic fibreses amounted to $3,472 per ton, jumping by 262% against the previous year. Overall, the export price, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2019 an increase of 891%. As a result, the export price attained the peak level of $27,500 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($7,132 per ton), while the average price for exports to Benin ($837 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 Niger (+8.7%).

Imports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in Nigeria

Imports of tents of textile materials other than cotton or synthetic fibreses into Nigeria surged to 70 tons in 2022, growing by 206% against the previous year. Overall, imports, however, saw a precipitous setback. The most prominent rate of growth was recorded in 2020 when imports increased by 228% against the previous year. As a result, imports reached the peak of 459 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of tents of textile materials other than cotton or synthetic fibreses skyrocketed to $506K in 2022. Over the period under review, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 219% against the previous year. As a result, imports reached the peak of $1.1M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Tents of Textile Materials Other than Cotton or Synthetic Fibres to Nigeria in 2022:

1. China (58.0 tons)
2. Belgium (8.9 tons)
3. France (1.1 tons)
4. Netherlands (1.1 tons)

Exports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in Nigeria

In 2022, after three years of growth, there was significant decline in overseas shipments of tents of textile materials other than cotton or synthetic fibreses, when their volume decreased by -68% to 320 kg. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 15,225%.

In value terms, exports of tents of textile materials other than cotton or synthetic fibreses soared to $1.1K in 2022. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 808%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Tents of Textile Materials Other than Cotton or Synthetic Fibres from Nigeria in 2022:

1. Belgium (174.0 kg)
2. Benin (92.0 kg)
3. Rwanda (53.0 kg)

Source: IndexBox Market Intelligence Platform