Nigeria - Wadding Of Textile Materials And Articles Thereof - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingTextile Wadding Price in Nigeria - 2022
Contents:
- Textile Wadding Price in Nigeria (CIF) - 2022
- Textile Wadding Price in Nigeria (FOB) - 2022
- Textile Wadding Imports in Nigeria
- Textile Wadding Exports in Nigeria
Textile Wadding Price in Nigeria (CIF) - 2022
The average textile wadding import price stood at $4,853 per ton in 2022, dropping by -4.7% against the previous year. Over the period under review, the import price, however, saw a resilient increase. The pace of growth appeared the most rapid in 2020 an increase of 47%. The import price peaked at $6,085 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat 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 Lithuania ($17,921 per ton), while the price for the United States ($1,219 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Textile Wadding Price in Nigeria (FOB) - 2022
The average textile wadding export price stood at $2,849 per ton in 2022, declining by -44.3% against the previous year. Overall, the export price, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2021 an increase of 123% against the previous year. As a result, the export price reached the peak level of $5,112 per ton, and then contracted rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($6,766 per ton), while the average price for exports to Burkina Faso ($915 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 Italy (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.
Textile Wadding Imports in Nigeria
In 2022, supplies from abroad of wadding of textile materials and articles thereof decreased by -2.6% to 752 tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +10.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 51%. As a result, imports reached the peak of 838 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, textile wadding imports shrank to $3.6M in 2022. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 122% against the previous year. As a result, imports attained the peak of $4.5M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Textile Wadding in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 1,144 | 1,932 | 1,797 | 1,614 | 12.2% |
| China | 90.4 | 138 | 104 | 716 | 99.3% |
| Lithuania | 334 | 884 | 792 | 525 | 16.3% |
| Others | 478 | 1,586 | 1,237 | 793 | 18.4% |
| Total | 2,046 | 4,540 | 3,931 | 3,648 | 21.3% |
Top Suppliers of Textile Wadding to Nigeria in 2022:
- Saudi Arabia (487.9 tons)
- China (163.7 tons)
- Lithuania (29.3 tons)
Textile Wadding Exports in Nigeria
Textile wadding exports from Nigeria skyrocketed to 28 tons in 2022, surging by 120% compared with the year before. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 302% against the previous year. As a result, the exports reached the peak of 41 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, textile wadding exports skyrocketed to $80K in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 465% against the previous year. As a result, the exports attained the peak of $95K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Textile Wadding in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | 8.2 | 2.3 | 2.0 | 28.2 | 50.9% |
| Italy | 2.1 | 2.4 | 2.0 | 8.5 | 59.4% |
| Niger | 2.8 | 0.5 | 0.1 | 1.3 | -22.6% |
| Burkina Faso | 0.1 | 0.2 | 0.2 | 1.1 | 122.4% |
| Senegal | N/A | N/A | 0.5 | N/A | 0% |
| United Arab Emirates | N/A | N/A | 52.4 | N/A | 0% |
| Romania | N/A | 40.8 | N/A | N/A | 0% |
| Others | 3.5 | 48.5 | 8.3 | 40.9 | 126.9% |
| Total | 16.8 | 94.7 | 65.4 | 80.0 | 68.2% |
Top Export Markets for Textile Wadding from Nigeria in 2022:
- Benin (23.7 tons)
- Italy (1.3 tons)
- Burkina Faso (1.2 tons)
- Niger (1.0 tons)
This report provides an in-depth analysis of the textile wadding market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13991400 - Textile flock and dust and mill neps
- Prodcom 17221240 - Wadding, other articles of wadding
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
422
This report provides an in-depth analysis of the textile wadding market in Nigeria.
354
This report provides an in-depth analysis of the textile flock market in Nigeria.
447
This report provides an in-depth analysis of the wadding market in Nigeria.
637
This report provides an in-depth analysis of the global textile wadding market.
591
This report provides an in-depth analysis of the global textile flock market.
603
This report provides an in-depth analysis of the global wadding market.
422
This report provides an in-depth analysis of the textile wadding market in Nigeria.
354
This report provides an in-depth analysis of the textile flock market in Nigeria.
447
This report provides an in-depth analysis of the wadding market in Nigeria.
637
This report provides an in-depth analysis of the global textile wadding market.
739
In value terms, friction material and articles thereof imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the tre...
863
In value terms, friction material and articles thereof exports stood at $X in 2016. Overall, friction material and articles thereof exports continue to indicate a relatively flat trend pattern. Ove...
1378
In 2016, the amount of wadding of textile imported worldwide stood at X tons, coming down by -X% against the previous year level. In general, wadding of textile imports continue to indicate a s...
1315
In 2016, the amount of wadding of textile imported worldwide stood at X tons, coming down by -X% against the previous year level. In general, wadding of textile imports continue to indicate a s...
739
In value terms, friction material and articles thereof imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the tre...
863
In value terms, friction material and articles thereof exports stood at $X in 2016. Overall, friction material and articles thereof exports continue to indicate a relatively flat trend pattern. Ove...
1378
In 2016, the amount of wadding of textile imported worldwide stood at X tons, coming down by -X% against the previous year level. In general, wadding of textile imports continue to indicate a s...
1315
In 2016, the amount of wadding of textile imported worldwide stood at X tons, coming down by -X% against the previous year level. In general, wadding of textile imports continue to indicate a s...
