Nigeria: Quilted Textile Products Market 2024

Quilted Textile Products Market Size in Nigeria

After two years of growth, the Nigerien quilted textile products market decreased by -9.6% to $X in 2021. Overall, consumption continues to indicate a prominent increase. Quilted textile products consumption peaked at $X in 2020, and then declined in the following year.

Quilted Textile Products Production in Nigeria

In value terms, quilted textile products production contracted to $X in 2021 estimated in export price. In general, production showed a remarkable increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 77%. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Quilted Textile Products Exports

Exports from Nigeria

Quilted textile products exports from Nigeria skyrocketed to X kg in 2021, with an increase of 206% compared with 2020. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, quilted textile products exports surged to $X in 2021. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 216%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Brazil (X kg) was the main destination for quilted textile products exports from Nigeria, accounting for a 70% share of total exports. Moreover, quilted textile products exports to Brazil exceeded the volume sent to the second major destination, the United States (X kg), fourfold. The third position in this ranking was held by Sao Tome and Principe (X kg), with a 3.8% share.

From 2012 to 2021, the average annual growth rate of volume to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+43.6% per year) and Sao Tome and Principe (+11.6% per year).

In value terms, the United States ($X) remains the key foreign market for quilted textile products in the piece (excluding embroidery) exports from Nigeria, comprising 68% of total exports. The second position in the ranking was taken by Brazil ($X), with a 28% share of total exports. It was followed by Sao Tome and Principe, with a 3% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +29.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (0.0% per year) and Sao Tome and Principe (-10.5% per year).

Export Prices by Country

In 2021, the average quilted textile products export price amounted to $X per ton, reducing by -9.8% against the previous year. Overall, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2019 an increase of 189% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Benin ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+138.8%), while the prices for the other major destinations experienced a decline.

Quilted Textile Products Imports

Imports into Nigeria

For the third consecutive year, Nigeria recorded decline in overseas purchases of quilted textile products in the piece (excluding embroidery), which decreased by -39.3% to X tons in 2021. In general, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 605%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, quilted textile products imports contracted notably to $X in 2021. Over the period under review, imports, however, enjoyed a moderate increase. The most prominent rate of growth was recorded in 2018 when imports increased by 574%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest quilted textile products supplier to Nigeria, with a 54% share of total imports. Moreover, quilted textile products imports from India exceeded the figures recorded by the second-largest supplier, Canada (X kg), twofold. The third position in this ranking was taken by Turkey (X kg), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled +43.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+38.9% per year) and Turkey (+1.3% per year).

In value terms, the largest quilted textile products suppliers to Nigeria were India ($X), Canada ($X) and Turkey ($X), with a combined 77% share of total imports.

India, with a CAGR of +30.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average quilted textile products import price amounted to $X per ton, with an increase of 15% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 54%. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+12.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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