Price for Track Suits; of Cotton, Knitted or Crocheted in Nigeria - 2022
Contents:
- Price for Track Suits; of Cotton, Knitted or Crocheted in Nigeria (CIF) - 2022
- Imports of Track Suits; of Cotton, Knitted or Crocheted in Nigeria
Price for Track Suits; of Cotton, Knitted or Crocheted in Nigeria (CIF) - 2022
The average import price for track suits; of cotton, knitted or crocheted stood at $18 per unit in 2022, growing by 29% against the previous year. Over the period under review, the import price saw moderate growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($18 per unit) and Sweden ($18 per unit), while the price for Cambodia ($17 per unit) and Italy ($18 per unit) were amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Track Suits; of Cotton, Knitted or Crocheted in Nigeria
In 2022, approx. 401 units of track suits; of cotton, knitted or crocheted were imported into Nigeria; with an increase of 87% compared with 2021. Overall, imports, however, faced a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 1,282%. As a result, imports reached the peak of 9.2K units. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of track suits; of cotton, knitted or crocheted surged to $7.1K in 2022. Over the period under review, imports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 1,393%. As a result, imports attained the peak of $133K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Track Suits; of Cotton, Knitted or Crocheted in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.1 | 2.9 | 0.1 | 2.6 | 196.2% |
| United Kingdom | 1.4 | 1.8 | 0.2 | 1.5 | 2.3% |
| Sweden | N/A | N/A | N/A | 1.0 | 0% |
| Portugal | N/A | N/A | N/A | 0.7 | 0% |
| China | 4.0 | 119 | 0.9 | 0.5 | -50.0% |
| Italy | 0.2 | 0.3 | 0.2 | 0.4 | 26.0% |
| Cambodia | N/A | N/A | N/A | 0.2 | 0% |
| United Arab Emirates | 3.1 | 0.9 | 1.4 | N/A | -32.8% |
| Pakistan | N/A | 7.7 | N/A | N/A | 0% |
| Others | 0.1 | N/A | 0.1 | 0.2 | 26.0% |
| Total | 8.9 | 133 | 3.0 | 7.1 | -7.3% |
Top Suppliers of Track Suits; of Cotton, Knitted or Crocheted to Nigeria in 2022:
- United States (146.0 units)
- United Kingdom (86.0 units)
- Sweden (55.0 units)
- Portugal (41.0 units)
- China (26.0 units)
- Italy (23.0 units)
- Cambodia (13.0 units)
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