Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Nigeria - 2023
Contents:
- Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Nigeria (CIF) - 2022
- Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Nigeria (FOB) - 2022
- Imports of Yarn of Combed Wool, Not Put Up for Retail Sale in Nigeria
- Exports of Yarn of Combed Wool, Not Put Up for Retail Sale in Nigeria
Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Nigeria (CIF) - 2022
In 2022, the average import price for yarn of combed wool, not put up for retail sale amounted to $21,393 per ton, which is down by -4.9% against the previous year. In general, the import price saw a pronounced downturn. The pace of growth appeared the most rapid in 2016 an increase of 14%. Over the period under review, average import prices reached the maximum at $33,886 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 India ($434,143 per ton), while the price for China amounted to $18,841 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+48.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Nigeria (FOB) - 2022
In 2022, the average export price for yarn of combed wool, not put up for retail sale amounted to $2,500 per ton, rising by 25% against the previous year. In general, the export price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 100% against the previous year. Over the period under review, the average export prices attained the peak figure at $6,500 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 Cameroon ($4,000 per ton), while the average price for exports to Germany stood at $1,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (-4.7%).
Imports of Yarn of Combed Wool, Not Put Up for Retail Sale in Nigeria
Imports of yarn of combed wool, not put up for retail sale into Nigeria surged to 1.2 tons in 2022, rising by 89% compared with 2021. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 358% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of yarn of combed wool, not put up for retail sale soared to $27K in 2022. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 392%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Yarn of Combed Wool, Not Put Up for Retail Sale in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.3 | 2.5 | 12.8 | 23.3 | 47.2% |
| Germany | N/A | N/A | 0.1 | N/A | 0% |
| Others | 0.9 | 0.5 | 1.9 | 3.3 | 54.2% |
| Total | 8.2 | 3.0 | 14.8 | 26.7 | 48.2% |
Top Suppliers of Yarn of Combed Wool, Not Put Up for Retail Sale to Nigeria in 2022:
- China (1239.0 kg)
Exports of Yarn of Combed Wool, Not Put Up for Retail Sale in Nigeria
In 2022, exports of yarn of combed wool, not put up for retail sale from Nigeria plummeted to 2 kg, which is down by -33.3% compared with 2021. In general, exports recorded a deep slump.
In value terms, exports of yarn of combed wool, not put up for retail sale declined rapidly to $5 in 2022. Overall, exports showed a deep slump.
| Export of Yarn of Combed Wool, Not Put Up for Retail Sale in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cameroon | 4.0 | 3.0 | 4.0 | 4.0 | 0.0% |
| Germany | N/A | N/A | N/A | 1.0 | 0% |
| Benin | N/A | 2.0 | N/A | N/A | 0% |
| Niger | 1.0 | N/A | N/A | N/A | 0% |
| Belgium | N/A | N/A | 1.0 | N/A | 0% |
| France | N/A | 1.0 | N/A | N/A | 0% |
| Gambia | 1.0 | N/A | N/A | N/A | 0% |
| Netherlands | N/A | N/A | 1.0 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.0 | 6.0 | 6.0 | 5.0 | -5.9% |
Top Export Markets for Yarn of Combed Wool, Not Put Up for Retail Sale from Nigeria in 2022:
- Germany (1.0 kg)
- Cameroon (1.0 kg)
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