Price for Yarn; of Fine Animal Hair, Carded, Not Put Up for Retail Sale in Nigeria - 2022

Contents:

  1. Price for Yarn; of Fine Animal Hair, Carded, Not Put Up for Retail Sale in Nigeria (CIF) - 2022
  2. Imports of Yarn; of Fine Animal Hair, Carded, Not Put Up for Retail Sale in Nigeria

Price for Yarn; of Fine Animal Hair, Carded, Not Put Up for Retail Sale in Nigeria (CIF) - 2022

The average import price for yarn; of fine animal hair, carded, not put up for retail sale stood at $195,500 per ton in 2022, surging by 28% against the previous year. Over the period under review, the import price posted a significant increase. The growth pace was the most rapid in 2016 an increase of 362%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Egypt ($1,114,000 per ton), while the price for China amounted to $125,875 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+25.3%).

Imports of Yarn; of Fine Animal Hair, Carded, Not Put Up for Retail Sale in Nigeria

In 2022, approx. 17 kg of yarn; of fine animal hair, carded, not put up for retail sale were imported into Nigeria; picking up by 113% on 2021. Over the period under review, imports, however, continue to indicate a precipitous curtailment.

In value terms, imports of yarn; of fine animal hair, carded, not put up for retail sale totaled $3.1K in 2022. In general, imports, however, recorded a significant decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 98% against the previous year.

Import of Yarn; of Fine Animal Hair, Carded, Not Put Up for Retail Sale in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2.40.10.32.0-5.9%
Egypt9.91.52.81.1-51.9%
OthersN/AN/AN/AN/A0%
Total12.31.53.13.1-36.8%

Top Suppliers of Yarn; of Fine Animal Hair, Carded, Not Put Up for Retail Sale to Nigeria in 2022:

  1. China (16.0 kg)
  2. Egypt (1.0 kg)

Source: IndexBox Market Intelligence Platform

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