Nigeria - Woven Fabrics of Man-Made Filaments and Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNigeria: Man-Made Filament Fabric Market 2024
Man-Made Filament Fabric Market Size in Nigeria
The Nigerien man-made filament fabric market surged to $X in 2022, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a strong increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.
Man-Made Filament Fabric Exports
Exports from Nigeria
In 2022, exports of woven fabrics of man-made filaments and staple fibers from Nigeria shrank to X square meters, dropping by X% against 2021 figures. In general, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X square meters in 2018; however, from 2019 to 2022, the exports remained at a lower figure.
In value terms, man-made filament fabric exports contracted notably to $X in 2022. Overall, exports, however, saw a perceptible increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.
Exports by Country
Benin (X square meters) was the main destination for man-made filament fabric exports from Nigeria, accounting for a X% share of total exports. Moreover, man-made filament fabric exports to Benin exceeded the volume sent to the second major destination, China (X square meters), more than tenfold.
From 2012 to 2021, the average annual growth rate of volume to Benin totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Senegal (X% per year).
In value terms, Benin ($X) remains the key foreign market for woven fabrics of man-made filaments and staple fibers exports from Nigeria, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of value to Benin amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Senegal (X% per year).
Export Prices by Country
In 2021, the average man-made filament fabric export price amounted to $X per square meter, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per square meter in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Senegal ($X per square meter), while the average price for exports to Benin ($X per square meter) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (X%), while the prices for the other major destinations experienced more modest paces of growth.
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Man-Made Filament Fabric Imports
Imports into Nigeria
In 2022, the amount of woven fabrics of man-made filaments and staple fibers imported into Nigeria skyrocketed to X square meters, rising by X% against the year before. In general, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X square meters in 2020; however, from 2021 to 2022, imports remained at a lower figure.
In value terms, man-made filament fabric imports shrank dramatically to $X in 2022. Overall, imports recorded buoyant growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Imports by Country
In 2021, China (X square meters) constituted the largest man-made filament fabric supplier to Nigeria, accounting for a X% share of total imports. Moreover, man-made filament fabric imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X square meters), more than tenfold. The third position in this ranking was taken by Niger (X square meters), with a X% share.
From 2012 to 2021, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Niger (X% per year).
In value terms, China ($X) constituted the largest supplier of woven fabrics of man-made filaments and staple fibers to Nigeria, comprising X% of total imports. The second position in the ranking was held by Niger ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.
From 2012 to 2021, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Niger (X% per year) and Saudi Arabia (X% per year).
Import Prices by Country
The average man-made filament fabric import price stood at $X per square meter in 2021, with an increase of X% against the previous year. In general, the import price recorded a resilient increase. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per square meter in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Niger ($X per square meter), while the price for Ethiopia ($X per square meter) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Niger (X%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the man-made filament 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 13203130 - Woven fabrics of man-made filament yarns obtained from high tenacity yarn, strip or the like (including nylon, other polyamides, polyester, viscose rayon)
- Prodcom 13203150 - Woven fabrics of synthetic filament yarns (excluding those obtained from high tenacity yarn or strip and the like)
- Prodcom 13203170 - Woven fabrics of artificial filament yarns (excluding those obtained from high tenacity yarn)
- Prodcom 13203210 - Woven fabrics of synthetic staple fibres, containing .85 % or more by weight of synthetic staple fibres
- Prodcom 13203220 - Woven fabrics of synthetic staple fibres, containing less than .85 % by weight of such fibres, mixed mainly or solely with cotton (excluding fabrics of yarns of different colours)
- Prodcom 13203230 - Woven fabrics of synthetic staple fibres, containing less than .85 % by weight of such fibres, mixed mainly or solely with cotton, of yarns of different colours
- Prodcom 13203240 - Woven fabrics of synthetic staple fibres mixed mainly or solely with carded wool or fine animal hair
- Prodcom 13203250 - Woven fabrics of synthetic staple fibres mixed mainly or solely with combed wool or fine animal hair
- Prodcom 13203290 - Woven fabrics of synthetic staple fibres mixed other than with wool, fine animal hair or cotton
- Prodcom 13203330 - Woven fabrics of artificial staple fibres, not of yarns of different colours
- Prodcom 13203350 - Woven fabrics of artificial staple fibres, of yarns of different colours
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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