Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Nigeria - 2023

Contents:

1. Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Nigeria (CIF) - 2022
2. Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Nigeria (FOB) - 2022
3. Imports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Nigeria
4. Exports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Nigeria

Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Nigeria (CIF) - 2022

The average import price for twine, cordage or rope; knotted netting, of other than man-made textileses stood at $1,147 per ton in 2022, which is down by -5.1% against the previous year. Over the period under review, the import price, however, recorded notable growth. The growth pace was the most rapid in 2018 an increase of 79% against the previous year. As a result, import price attained the peak level of $2,922 per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($5,652 per ton), while the price for China stood at $960 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.3%).

Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Nigeria (FOB) - 2022

In 2022, the average export price for twine, cordage or rope; knotted netting, of other than man-made textileses amounted to $1,355 per ton, jumping by 54% against the previous year. In general, the export price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2014 an increase of 234%. As a result, the export price attained the peak level of $2,895 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($3,189 per ton), while the average price for exports to Benin totaled $750 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+33.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Nigeria

In 2022, approx. 1.1K tons of twine, cordage or rope; knotted netting, of other than man-made textileses were imported into Nigeria; growing by 45% on 2021 figures. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 405%. As a result, imports attained the peak of 1.1K tons; afterwards, it flattened through to 2022.

In value terms, imports of twine, cordage or rope; knotted netting, of other than man-made textileses soared to $1.2M in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 546%. As a result, imports attained the peak of $1.3M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles to Nigeria in 2022:

1. China (1034.8 tons)
2. Hong Kong SAR (17.1 tons)

Exports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Nigeria

In 2022, overseas shipments of twine, cordage or rope; knotted netting, of other than man-made textileses decreased by -94.1% to 214 kg, falling for the second consecutive year after two years of growth. Overall, exports saw a dramatic curtailment. The growth pace was the most rapid in 2020 with an increase of 193%. As a result, the exports attained the peak of 36 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of twine, cordage or rope; knotted netting, of other than man-made textileses dropped significantly to $290 in 2022. Over the period under review, exports recorded a precipitous contraction. The pace of growth was the most pronounced in 2020 when exports increased by 600%. As a result, the exports reached the peak of $31K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles from Nigeria in 2022:

1. Benin (160.0 kg)
2. South Africa (53.0 kg)

Source: IndexBox Market Intelligence Platform