Nigeria: Textile Tubing Market 2024

Textile Tubing Market Size in Nigeria

The Nigerien textile tubing market reduced to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, enjoyed a strong increase. Textile tubing consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Textile Tubing Production in Nigeria

In value terms, textile tubing production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, saw a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

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Textile Tubing Exports

Exports from Nigeria

In 2022, approx. X kg of textile hosepiping and similar textile tubing were exported from Nigeria; increasing by X% against the year before. In general, exports, however, saw a significant contraction. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, textile tubing exports surged to $X in 2022. Over the period under review, exports, however, showed a significant decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Benin (X kg) was the main destination for textile tubing exports from Nigeria, accounting for a X% share of total exports. Moreover, textile tubing exports to Benin exceeded the volume sent to the second major destination, Angola (X kg), more than tenfold. The third position in this ranking was held by Portugal (X kg), with a X% share.

From 2013 to 2022, the average annual growth rate of volume to Benin was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and Portugal (X% per year).

In value terms, Benin ($X) emerged as the key foreign market for textile hosepiping and similar textile tubing exports from Nigeria, comprising X% of total exports. The second position in the ranking was held by Portugal ($X), with a X% share of total exports. It was followed by Angola, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Benin was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Angola (X% per year).

Export Prices by Country

The average textile tubing export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price posted a strong expansion. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Ireland ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (X%), while the prices for the other major destinations experienced mixed trend patterns.

Textile Tubing Imports

Imports into Nigeria

In 2022, after three years of decline, there was significant growth in overseas purchases of textile hosepiping and similar textile tubing, when their volume increased by X% to X tons. In general, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, textile tubing imports soared to $X in 2022. Overall, imports posted buoyant growth. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest textile tubing supplier to Nigeria, with a X% share of total imports. Moreover, textile tubing imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. Switzerland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, 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: India (X% per year) and Switzerland (X% per year).

In value terms, China ($X) constituted the largest supplier of textile hosepiping and similar textile tubing to Nigeria, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Switzerland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Switzerland (X% per year).

Import Prices by Country

The average textile tubing import price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price recorded a pronounced decline. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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