Nigeria - Raw Silk (Not Thrown) - Market Analysis, Forecast, Size, Trends and Insights
Nigeria: Raw Silk Market Overview 2020
Raw Silk Market Size in Nigeria
The revenue of the raw silk market in Nigeria amounted to $X in 2017, coming down by -X% against the previous year. In general, raw silk consumption continues to indicate a deep downturn. The pace of growth was the most pronounced in 2008, when it surged by X% year-to-year. Over the period under review, the raw silk market attained its maximum level of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.
Raw Silk Production in Nigeria
Raw silk production in Nigeria amounted to X tonnes in 2017, jumping by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2012, with an increase of X% year-to-year. The raw silk production peaked in 2017, and is likely to see steady growth in the near future.
Raw Silk Exports from Nigeria
Raw silk exports from Nigeria stood at X tonnes in 2017, increasing by X% against the previous year. In general, raw silk exports continue to indicate an outstanding increase. The pace of growth was the most pronounced in 2014, with an increase of X% against the previous year. Over the period under review, the raw silk exports attained its maximum volume in 2017, and are expected to retain its growth in the near future.
In value terms, raw silk exports totaled $X in 2017. Overall, raw silk exports continue to indicate an outstanding expansion. Over the period under review, the raw silk exports reached its maximum level in 2017, and are expected to retain its growth in the immediate term.
Raw Silk Export Prices by Country in Nigeria
Nigeria has no trade partners to describe.
Raw Silk Imports into Nigeria
In 2017, raw silk imports into Nigeria totaled X kg, leveling off at the previous year. Overall, raw silk imports continue to indicate an abrupt deduction. The pace of growth appeared the most rapid in 2017, when imports increased by X% y-o-y. The imports peaked of X kg in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.
In value terms, raw silk imports stood at $X in 2017. Overall, raw silk imports continue to indicate a remarkable expansion. The imports peaked in 2017, and are likely to see steady growth in the near future.
Raw Silk Imports by Country into Nigeria
In 2017, China (X kg) was the main supplier of raw silk to Nigeria, accounting for X% share of total imports. Moreover, raw silk imports from China exceeded the figures recorded by the second largest supplier, India (X kg), sixfold.
From 2007 to 2017, the average annual growth rate of volume from China stood at +X%.
In value terms, China ($X) constituted the largest supplier of raw silk to Nigeria, making up X% of total raw silk imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports.
From 2007 to 2017, the average annual growth rate of value from China amounted to +X%.
Raw Silk Import Prices by Country in Nigeria
The average raw silk import price stood at $X per kg in 2017, surging by X% against the previous year. Overall, raw silk import price continues to indicate a skyrocketing expansion. The pace of growth was the most pronounced in 2013, when it surged by X% year-to-year. Over the period under review, the average import prices for raw silk attained its peak figure level in 2017, and is likely to continue its growth in the immediate term.
Average import prices varied noticeably amongst the major supplying countries. In 2017, the highest prices were recorded for import prices from China ($X per kg) and India ($X per kg), while prices for raw silk imports from India ($X per kg) and China ($X per kg) were amongst the lowest.
From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China (+X% per year).
Source: IndexBox AI Platform
This report provides an in-depth analysis of the raw silk 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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