Latest Report Update: May 22, 2021

Nigeria - Woven Fabrics Of Cotton - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Nigeria: Cotton Fabric Market Overview 2021

Cotton Fabric Market Size in Nigeria

In 2020, the Nigerien cotton fabric market increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption posted resilient growth. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. From 2009 to 2020, the growth of the market failed to regain the momentum.

Cotton Fabric Exports

Exports from Nigeria

In 2020, cotton fabric exports from Nigeria rose remarkably to X tonnes, increasing by X% compared with the previous year's figure. Over the period under review, exports recorded prominent growth. The pace of growth was the most pronounced in 2009 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2012; however, from 2013 to 2020, exports remained at a lower figure.

In value terms, cotton fabric exports totaled $X in 2020. Overall, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Congo (X tonnes), China (X tonnes) and Niger (X tonnes) were the main destinations of cotton fabric exports from Nigeria, together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Niger, while exports for the other leaders experienced more modest paces of growth.

In value terms, Tanzania ($X) remains the key foreign market for cotton fabric exports from Nigeria, comprising X% of total exports. The second position in the ranking was occupied by Congo ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Tanzania amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (-X% per year) and China (-X% per year).

Export Prices by Country

In 2020, the average cotton fabric export price amounted to $X per tonne, which is down by -X% against the previous year. Overall, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2010 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the maximum at $X per tonne in 2008; however, from 2009 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Tanzania ($X per tonne), while the average price for exports to China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania, while the prices for the other major destinations experienced a decline.

Cotton Fabric Imports

Imports into Nigeria

In 2020, overseas purchases of woven fabrics of cotton increased by X% to X tonnes, rising for the third year in a row after two years of decline. Over the period under review, imports saw prominent growth. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. As a result, imports reached the peak of X tonnes. From 2009 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, cotton fabric imports surged to $X in 2020. Overall, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. From 2009 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, China (X tonnes) was the main supplier of cotton fabric to Nigeria, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from China totaled +X%.

In value terms, China ($X) constituted the largest supplier of cotton fabric to Nigeria.

From 2007 to 2020, the average annual growth rate of value from China totaled +X%.

Import Prices by Country

The average cotton fabric import price stood at $X per tonne in 2020, with an increase of X% against the previous year. In general, the import price showed a temperate expansion. The pace of growth appeared the most rapid in 2009 an increase of X% y-o-y. Over the period under review, average import prices reached the maximum at $X per tonne in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2007 to 2020, the rate of growth in terms of prices for China amounted to +X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for woven fabrics of cotton in the world?
+
The countries with the highest volumes of cotton fabric consumption in 2020 were India (1.4M tonnes), China (755K tonnes) and the U.S. (470K tonnes), together accounting for 43% of global consumption. Turkey, Bangladesh, Brazil, Egypt, Viet Nam, Pakistan and Mexico lagged somewhat behind, together accounting for a further 28%.
What are the largest producers of woven fabrics of cotton in the world?
+
The countries with the highest volumes of cotton fabric production in 2020 were China (2.2M tonnes), India (1.7M tonnes) and Turkey (421K tonnes), with a combined 68% share of global production. The U.S., Pakistan, Brazil and Egypt lagged somewhat behind, together accounting for a further 19%.
What are the leading suppliers of woven fabrics of cotton to Nigeria?
+
In value terms, China ($803M) constituted the largest supplier of cotton fabric to Nigeria.
What are the leading importers of woven fabrics of cotton from Nigeria?
+
In value terms, Tanzania ($4.4M) remains the key foreign market for cotton fabric exports from Nigeria, comprising 53% of total exports. The second position in the ranking was occupied by Congo ($1.4M), with a 18% share of total exports. It was followed by China, with a 3.5% share.
What is the average export price for woven fabrics of cotton in Nigeria?
+
The average cotton fabric export price stood at $2,395 per tonne in 2020, declining by -10.7% against the previous year.
What is the average import price for woven fabrics of cotton in Nigeria?
+
The average cotton fabric import price stood at $11,252 per tonne in 2020, with an increase of 5.4% against the previous year.

Product coverage:
• Prodcom 13202020 - Woven fabrics of cotton weighing . .100 g/m., for medical gauzes, bandages and dressings
• Prodcom 13202060 - Woven fabrics of denim cotton weighing > .200 g/m. (including denim other than blue)
• Prodcom 132020Z1 - Cotton fabrics, . .200 g/m. (excluding gauze and coloured yarns)
• Prodcom 132020Z2 - Cotton fabrics, > .200 g/m. (excluding coloured yarns)
• Prodcom 132020Z3 - Woven fabrics of cotton of yarns of different colours (excluding denim)

This report provides an in-depth analysis of the cotton fabric 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.


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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
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, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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