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Nigeria - T-Shirts - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: T-Shirt Market Overview 2020

T-Shirt Market Size in Nigeria

The revenue of the t-shirt market in Nigeria amounted to $X in 2018, rising by X% against the previous year. Over the period under review, t-shirt consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the market value increased by X% year-to-year. T-shirt consumption peaked at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

T-Shirt Production in Nigeria

In value terms, t-shirt production stood at $X in 2018 estimated in export prices. Over the period under review, t-shirt production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, t-shirt production attained its maximum level at $X in 2008; however, from 2009 to 2018, production failed to regain its momentum.

T-Shirt Exports

Exports from Nigeria

T-shirt exports from Nigeria amounted to X tonnes in 2018, remaining relatively unchanged against the previous year. Over the period under review, t-shirt exports, however, continue to indicate a drastic setback. The pace of growth was the most pronounced in 2013 when exports increased by X% y-o-y. In that year, t-shirt exports reached their peak of X tonnes. From 2014 to 2018, the growth of t-shirt exports failed to regain its momentum.

In value terms, t-shirt exports amounted to $X in 2018. Over the period under review, t-shirt exports, however, continue to indicate a temperate slump. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, t-shirt exports attained their maximum at $X in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

Exports by Country

Benin (X tonnes) was the main destination for t-shirt exports from Nigeria, with a X% share of total exports. Moreover, t-shirt exports to Benin exceeded the volume sent to the second major destination, Ghana (X kg), sixfold. The third position in this ranking was occupied by Cameroon (X kg), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Benin totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+X% per year) and Cameroon (+X% per year).

In value terms, Germany ($X), Ghana ($X) and Benin ($X) appeared to be the largest markets for t-shirt exported from Nigeria worldwide, with a combined X% share of total exports.

Ghana experienced the highest growth rate of exports, in terms of the main countries of destination over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average t-shirt export price amounted to $X per tonne, going up by X% against the previous year. In general, the t-shirt export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% y-o-y. Over the period under review, the average export prices for t-shirts reached their maximum in 2018 and is likely to continue its growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Germany ($X per tonne), while the average price for exports to Benin ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced a decline.

T-Shirt Imports

Imports into Nigeria

T-shirt imports into Nigeria stood at X tonnes in 2018, going up by X% against the previous year. In general, t-shirt imports continue to indicate an outstanding increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. In that year, t-shirt imports attained their peak and are likely to continue its growth in the immediate term.

In value terms, t-shirt imports stood at $X in 2018. Over the period under review, t-shirt imports continue to indicate an outstanding increase. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. In that year, t-shirt imports attained their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, China (X tonnes) constituted the largest t-shirt supplier to Nigeria, with a X% share of total imports. Moreover, t-shirt imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tonnes), fourfold. South Korea (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and South Korea (+X% per year).

In value terms, China ($X) constituted the largest supplier of t-shirt to Nigeria, comprising X% of total t-shirt imports. The second position in the ranking was occupied by Viet Nam ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2007 to 2018, the average annual growth rate of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Viet Nam (+X% per year) and Turkey (+X% per year).

Import Prices by Country

In 2018, the average t-shirt import price amounted to $X per tonne, falling by -X% against the previous year. Overall, the t-shirt import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the average import price increased by X% year-to-year. In that year, the average import prices for t-shirts reached their peak level of $X per tonne. From 2011 to 2018, the growth in terms of the average import prices for t-shirts remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Pakistan ($X per tonne), while the price for Malta ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 14143000 - T-shirts, singlets and vests, knitted or crocheted

This report provides an in-depth analysis of the t-shirt 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.


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
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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 PRODUCTS

Finding New Products to Diversify Your Business

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

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

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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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