Report Update Apr 1, 2024

Nigeria - Cotton (Carded or Combed) - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Market for Cotton (Carded Or Combed) 2024

Market Size for Cotton (Carded Or Combed) in Nigeria

The Nigerien cotton (carded or combed) market stood at $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Cotton (Carded Or Combed) in Nigeria

In value terms, cotton (carded or combed) production expanded rapidly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Exports of Cotton (Carded Or Combed)

Exports from Nigeria

In 2022, overseas shipments of cotton (carded or combed) were finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, showed a dramatic setback. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cotton (carded or combed) exports soared to $X in 2022. In general, exports, however, showed a dramatic curtailment. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Benin (X tons) was the main destination for cotton (carded or combed) exports from Nigeria, accounting for a X% share of total exports. It was followed by Portugal (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Benin totaled X%.

In value terms, Benin ($X) remains the key foreign market for cotton (carded or combed) exports from Nigeria, comprising X% of total exports. The second position in the ranking was held by Portugal ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Benin stood at X%.

Export Prices by Country

In 2022, the average cotton (carded or combed) export price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price recorded a abrupt setback. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (X%).

Imports of Cotton (Carded Or Combed)

Imports into Nigeria

In 2022, overseas purchases of cotton (carded or combed) increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, cotton (carded or combed) imports skyrocketed to $X in 2022. Overall, imports, however, saw a abrupt setback. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Austria (X tons) constituted the largest cotton (carded or combed) supplier to Nigeria, with a X% share of total imports. Moreover, cotton (carded or combed) imports from Austria exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), twofold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Austria totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and China (X% per year).

In value terms, Austria ($X) constituted the largest supplier of cotton (carded or combed) to Nigeria, comprising X% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Austria amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and China (X% per year).

Import Prices by Country

The average cotton (carded or combed) import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a noticeable decline. The import price peaked at $X per ton in 2020; however, from 2021 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 China ($X per ton), while the price for Ethiopia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cotton (carded or combed) in the world?

The United States remains the largest cotton carded or combed) consuming country worldwide, accounting for 41% of total volume. Moreover, cotton carded or combed) consumption in the United States exceeded the figures recorded by the second-largest consumer, Mali, threefold. Turkey ranked third in terms of total consumption with a 12% share.

What are the largest producers of cotton (carded or combed) in the world?

The countries with the highest volumes of production in 2022 were the United States, Mali and Turkey, with a combined 73% share of global production. India, Tanzania, Uganda, Pakistan, Mozambique, Spain and Burkina Faso lagged somewhat behind, together comprising a further 16%.

What are the leading suppliers of cotton (carded or combed) to Nigeria?

In value terms, Austria constituted the largest supplier of cotton carded or combed) to Nigeria, comprising 53% of total imports. The second position in the ranking was held by the Czech Republic, with a 22% share of total imports. It was followed by China, with a 16% share.

What are the leading importers of cotton (carded or combed) from Nigeria?

In value terms, Benin remains the key foreign market for cotton carded or combed) exports from Nigeria, comprising 95% of total exports. The second position in the ranking was taken by Portugal $133), with a 5.1% share of total exports.

What is the average export price for cotton (carded or combed) in Nigeria?

In 2022, the average cotton carded or combed) export price amounted to $1,071 per ton, dropping by -39.7% against the previous year.

What is the average import price for cotton (carded or combed) in Nigeria?

In 2022, the average cotton carded or combed) import price amounted to $869 per ton, surging by 99% against the previous year.

This report provides an in-depth analysis of the market for cotton (carded or combed) 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:

FCL 768 - Cotton, Carded or Combed

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023