Report Update Apr 1, 2024

Nigeria - Woven Fabrics of Flax - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Flax Fabric Market 2024

Flax Fabric Market Size in Nigeria

In 2022, the Nigerien flax fabric market decreased by X% to $X for the first time since 2011, thus ending a ten-year rising trend. In general, consumption continues to indicate a significant expansion. As a result, consumption attained the peak level of $X, and then fell significantly in the following year.

Flax Fabric Production in Nigeria

In value terms, flax fabric production soared to $X in 2022 estimated in export price. Over the period under review, production, however, faced a abrupt decrease. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Flax Fabric Exports

Exports from Nigeria

In 2022, flax fabric exports from Nigeria skyrocketed to X square meters, jumping by X% against the year before. Over the period under review, exports, however, faced a dramatic decline. Over the period under review, the exports reached the maximum at X square meters in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, flax fabric exports reduced to $X in 2022. In general, exports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Benin (X square meters) was the main destination for flax fabric exports from Nigeria, accounting for a X% share of total exports. Moreover, flax fabric exports to Benin exceeded the volume sent to the second major destination, Niger (X square meters), threefold.

From 2020 to 2022, the average annual rate of growth in terms of volume to Benin was relatively modest.

In value terms, the largest markets for flax fabric exported from Nigeria were Niger ($X) and Benin ($X).

In terms of the main countries of destination, Benin, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average flax fabric export price stood at $X per square meter in 2022, which is down by X% against the previous year. Overall, the export price, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per square meter, and then fell significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Niger ($X per square meter), while the average price for exports to Benin stood at $X per square meter.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (X%).

Flax Fabric Imports

Imports into Nigeria

After ten years of growth, supplies from abroad of woven fabrics of flax decreased by X% to X square meters in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X square meters, and then dropped notably in the following year.

In value terms, flax fabric imports shrank markedly to $X in 2022. In general, imports faced a abrupt descent. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of flax fabric to Nigeria, with a X% share of total imports. Moreover, flax fabric imports from China exceeded the figures recorded by the second-largest supplier, Switzerland (X square meters), fivefold. The third position in this ranking was taken by the UK (X square meters), with an X% share.

From 2020 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and the UK (X% per year).

In value terms, China ($X) constituted the largest supplier of woven fabrics of flax to Nigeria, comprising X% of total imports. The second position in the ranking was held by Switzerland ($X), with a X% share of total imports. It was followed by the UK, with an X% share.

From 2020 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and the UK (X% per year).

Import Prices by Country

In 2022, the average flax fabric import price amounted to $X per square meter, standing approx. at the previous year. In general, the import price, however, continues to indicate a deep setback. Over the period under review, average import prices attained the maximum at $X per square meter in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per square meter), while the price for India ($X per square meter) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

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Frequently Asked Questions (FAQ) :

What are the largest markets for woven fabrics of flax in the world?

Vietnam remains the largest flax fabric consuming country worldwide, comprising approx. 38% of total volume. Moreover, flax fabric consumption in Vietnam exceeded the figures recorded by the second-largest consumer, China, fourfold. The third position in this ranking was taken by the United States, with a 5.8% share.

What are the largest producers of woven fabrics of flax in the world?

Vietnam remains the largest flax fabric producing country worldwide, comprising approx. 37% of total volume. Moreover, flax fabric production in Vietnam exceeded the figures recorded by the second-largest producer, China, threefold. The third position in this ranking was taken by the United States, with a 5.8% share.

What are the leading suppliers of woven fabrics of flax to Nigeria?

In value terms, China constituted the largest supplier of woven fabrics of flax to Nigeria, comprising 65% of total imports. The second position in the ranking was held by Switzerland, with a 13% share of total imports. It was followed by the UK, with an 11% share.

What are the leading importers of woven fabrics of flax from Nigeria?

In value terms, Niger $237) and Benin $225) were the largest markets for flax fabric exported from Nigeria worldwide.

What is the average export price for woven fabrics of flax in Nigeria?

In 2022, the average flax fabric export price amounted to $66 per square meter, reducing by -43.1% against the previous year.

What is the average import price for woven fabrics of flax in Nigeria?

In 2022, the average flax fabric import price amounted to $23 per square meter, approximately reflecting the previous year.

This report provides an in-depth analysis of the flax 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 2030.

Product coverage:

Prodcom 13201330 - Woven fabrics of flax, containing . .85 % by weight of flax
Prodcom 13201360 - Woven fabrics of flax, containing < .85 % by weight of flax

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