Report Update Apr 1, 2024

Nigeria - Silk Yarn - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Silk Yarn Market 2021

Silk Yarn Market Size in Nigeria

The Nigerien silk yarn market contracted to $X in 2019, falling by -X% against the previous year. In general, consumption, however, saw a mild decline. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.

Silk Yarn Production in Nigeria

In value terms, silk yarn production dropped to $X in 2019 estimated in export prices. Over the period under review, production, however, showed a perceptible descent. The pace of growth was the most pronounced in 2014 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs at $X in 2010; however, from 2011 to 2019, production stood at a somewhat lower figure.

Silk Yarn Imports

Imports into Nigeria

In 2019, silk yarn imports into Nigeria declined rapidly to X kg, waning by -X% compared with 2018. Over the period under review, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. As a result, imports reached the peak of X kg. From 2012 to 2019, the growth imports failed to regain the momentum.

In value terms, silk yarn imports amounted to $X in 2019. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Imports peaked in 2019 and are expected to retain growth in years to come.

Imports by Country

In 2019, China (X kg) constituted the largest supplier of silk yarn to Nigeria, accounting for a X% share of total imports. Moreover, silk yarn imports from China exceeded the figures recorded by the second-largest supplier, Egypt (X kg), threefold.

From 2007 to 2019, the average annual rate of growth in terms of volume from China was relatively modest.

In value terms, Egypt ($X) constituted the largest supplier of silk yarn to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from Egypt stood at +X%.

Import Prices by Country

The average silk yarn import price stood at $X per ton in 2019, rising by X% against the previous year. Overall, the import price posted buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Egypt ($X per ton), while the price for China stood at $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Egypt.

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Frequently Asked Questions (FAQ) :

What are the largest markets for silk yarn in the world?

The countries with the highest volumes of silk yarn consumption in 2019 were China, the U.S. and India, with a combined 32% share of global consumption. These countries were followed by Japan, Russia, Germany, Pakistan, Brazil, Bangladesh, the UK, Indonesia, Nigeria and Mexico, which together accounted for a further 26%.

What are the largest producers of silk yarn in the world?

The countries with the highest volumes of silk yarn production in 2019 were China, the U.S. and India, with a combined 32% share of global production. Japan, Russia, Germany, Brazil, Pakistan, Bangladesh, Nigeria, Indonesia, the UK and Mexico lagged somewhat behind, together accounting for a further 25%.

What are the leading suppliers of silk yarn to Nigeria?

In value terms, Egypt constituted the largest supplier of silk yarn to Nigeria, comprising 92% of total imports. The second position in the ranking was occupied by China, with a 8.5% share of total imports.

What is the average import price for silk yarn in Nigeria?

The average silk yarn import price stood at $222,078 per ton in 2019, jumping by 235% against the previous year.

This report provides an in-depth analysis of the silk yarn 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 2025.

Product coverage:

Prodcom 13104010 - Silk yarn, n.p.r.s. (excluding spun from silk waste)

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