Report Update Apr 1, 2024

Nigeria - Woven Fabrics of Silk or of Silk Waste - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Silk Fabric Market 2024

Silk Fabric Market Size in Nigeria

In 2022, the Nigerien silk fabric market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, recorded a deep setback. Silk fabric consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Silk Fabric Exports

Exports from Nigeria

After two years of decline, shipments abroad of woven fabrics of silk or of silk waste decreased by X% to X square meters in 2022. In general, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, silk fabric exports dropped markedly to $X in 2022. Over the period under review, exports showed a dramatic contraction. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X square meters) was the main destination for silk fabric exports from Nigeria, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at X%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for woven fabrics of silk or of silk waste exports from Nigeria.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled X%.

Export Prices by Country

In 2022, the average silk fabric export price amounted to $X per square meter, approximately mirroring the previous year. In general, the export price, however, continues to indicate a precipitous descent. The export price peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for Bulgaria amounted to X% per year.

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Silk Fabric Imports

Imports into Nigeria

In 2022, approx. X square meters of woven fabrics of silk or of silk waste were imported into Nigeria; rising by X% against 2021 figures. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at X square meters in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, silk fabric imports shrank to $X in 2022. Overall, imports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest silk fabric supplier to Nigeria, accounting for a X% share of total imports. Moreover, silk fabric imports from China exceeded the figures recorded by the second-largest supplier, Kenya (X square meters), more than tenfold. The third position in this ranking was taken by Ethiopia (X square meters), with a X% share.

From 2012 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: Kenya (X.3% per year) and Ethiopia (X% per year).

In value terms, China ($X) constituted the largest supplier of woven fabrics of silk or of silk waste to Nigeria, comprising X% of total imports. The second position in the ranking was held by Kenya ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, 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: Kenya (X.9% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

In 2022, the average silk fabric import price amounted to $X per square meter, declining by X% against the previous year. Overall, the import price recorded a significant decline. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per square meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for woven fabrics of silk or of silk waste in the world?

Russia remains the largest silk fabric consuming country worldwide, accounting for 27% of total volume. Moreover, silk fabric consumption in Russia exceeded the figures recorded by the second-largest consumer, Nigeria, twofold. China ranked third in terms of total consumption with an 11% share.

What are the largest producers of woven fabrics of silk or of silk waste in the world?

The countries with the highest volumes of production in 2022 were Russia, China and Belarus, together accounting for 58% of global production. The United States, India and Indonesia lagged somewhat behind, together comprising a further 17%.

What are the leading suppliers of woven fabrics of silk or of silk waste to Nigeria?

In value terms, China constituted the largest supplier of woven fabrics of silk or of silk waste to Nigeria, comprising 70% of total imports. The second position in the ranking was held by Kenya, with a 10% share of total imports. It was followed by Hong Kong SAR, with a 3% share.

What are the leading importers of woven fabrics of silk or of silk waste from Nigeria?

In value terms, the United Arab Emirates emerged as the key foreign market for woven fabrics of silk or of silk waste exports from Nigeria.

What is the average export price for woven fabrics of silk or of silk waste in Nigeria?

The average silk fabric export price stood at $0.1 per square meter in 2022, remaining constant against the previous year.

What is the average import price for woven fabrics of silk or of silk waste in Nigeria?

The average silk fabric import price stood at $0.1 per square meter in 2022, with a decrease of -24.2% against the previous year.

This report provides an in-depth analysis of the silk 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 13201100 - Woven fabrics of silk or silk waste

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