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Store → Textiles, Apparel And Leather Goods → Knitted and Crocheted Fabrics → Knitted Or Crocheted Fabrics
Report Nigeria - Knitted or Crocheted Fabrics - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update: Sep 1, 2023

Nigeria - Knitted or Crocheted Fabrics - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Knitted Fabric Market 2023

Knitted Fabric Market Size in Nigeria

In 2021, the Nigerien knitted fabric market increased by 2.2% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, showed a resilient expansion. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in years to come.

Knitted Fabric Production in Nigeria

In value terms, knitted fabric production soared to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 88% against the previous year. Knitted fabric production peaked in 2021 and is expected to retain growth in the immediate term.

Knitted Fabric Exports

Exports from Nigeria

In 2021, approx. X tons of knitted or crocheted fabrics were exported from Nigeria; reducing by -54.1% compared with the year before. Over the period under review, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2020 when exports increased by 2.2%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, knitted fabric exports rose remarkably to $X in 2021. In general, exports saw a perceptible curtailment. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for knitted fabric exports from Nigeria, with a 2,041% share of total exports. Moreover, knitted fabric exports to Germany exceeded the volume sent to the second major destination, Turkey (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 416% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +18,420.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and China (+30,334.8% per year).

In value terms, Germany ($X) emerged as the key foreign market for knitted or crocheted fabrics exports from Nigeria, comprising 156% of total exports. The second position in the ranking was taken by Turkey ($X), with a 73% share of total exports. It was followed by China, with a 30% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +5,981.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and China (+4,585.6% per year).

Export Prices by Country

The average knitted fabric export price stood at $X per ton in 2021, with an increase of 134% against the previous year. Over the period under review, the export price saw buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to El Salvador ($X per ton) and India ($X per ton), while the average price for exports to China ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+32.1%), while the prices for the other major destinations experienced a decline.

Knitted Fabric Imports

Imports into Nigeria

In 2021, after four years of growth, there was significant decline in purchases abroad of knitted or crocheted fabrics, when their volume decreased by -56.4% to X tons. In general, imports, however, showed a moderate increase. The growth pace was the most rapid in 2013 when imports increased by 74%. Imports peaked at X tons in 2020, and then shrank sharply in the following year.

In value terms, knitted fabric imports shrank notably to $X in 2021. Overall, imports, however, showed a mild increase. The growth pace was the most rapid in 2013 when imports increased by 107%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of knitted fabric to Nigeria, with a 21% share of total imports. It was followed by Ghana (X tons), with a 0.6% share of total imports. The third position in this ranking was taken by Germany (X tons), with a 0.5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Ghana (+19.4% per year) and Germany (-11.7% per year).

In value terms, China ($X) constituted the largest supplier of knitted or crocheted fabrics to Nigeria, comprising 27% of total imports. The second position in the ranking was taken by Ghana ($X), with a 2.4% share of total imports. It was followed by Germany, with a 0.7% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Ghana (+23.9% per year) and Germany (-14.2% per year).

Import Prices by Country

The average knitted fabric import price stood at $X per ton in 2021, dropping by -7.9% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 30% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Ghana ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for knitted or crocheted fabrics in the world?
+
China remains the largest knitted fabric consuming country worldwide, comprising approx. 24% of total volume. Moreover, knitted fabric consumption in China exceeded the figures recorded by the second-largest consumer, Bangladesh, threefold. The third position in this ranking was held by Brazil, with a 5.2% share.
What are the largest producers of knitted or crocheted fabrics in the world?
+
China constituted the country with the largest volume of knitted fabric production, accounting for 52% of total volume. Moreover, knitted fabric production in China exceeded the figures recorded by the second-largest producer, Turkey, sixfold. Bangladesh ranked third in terms of total production with a 5.2% share.
What are the leading suppliers of knitted or crocheted fabrics to Nigeria?
+
In value terms, China constituted the largest supplier of knitted or crocheted fabrics to Nigeria, comprising 27% of total imports. The second position in the ranking was taken by Ghana, with a 2.4% share of total imports. It was followed by Germany, with a 0.7% share.
What are the leading importers of knitted or crocheted fabrics from Nigeria?
+
In value terms, Germany emerged as the key foreign market for knitted or crocheted fabrics exports from Nigeria, comprising 156% of total exports. The second position in the ranking was held by Turkey, with a 73% share of total exports. It was followed by China, with a 30% share.
What is the average export price for knitted or crocheted fabrics in Nigeria?
+
The average knitted fabric export price stood at $14,980 per ton in 2021, with an increase of 134% against the previous year.
What is the average import price for knitted or crocheted fabrics in Nigeria?
+
In 2021, the average knitted fabric import price amounted to $2,060 per ton, waning by -7.9% against the previous year.

This report provides an in-depth analysis of the knitted fabric 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 13911100 - Pile fabrics, terry fabrics, knitted or crocheted
• Prodcom 13911910 - Knitted or crocheted fabrics (excluding pile fabrics)
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
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

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
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
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
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
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
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
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022
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