Latest Report Update: May 16, 2021

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

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Nigeria: Silk Fabric Market Overview 2021

Silk Fabric Market Size in Nigeria

In 2020, the Nigerien silk fabric market increased by X% to $X, rising for the fourth year in a row after two years of decline. Overall, consumption showed a perceptible downturn. Silk fabric consumption peaked at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Silk Fabric Production in Nigeria

In value terms, silk fabric production rose sharply to $X in 2020 estimated in export prices. Over the period under review, production recorded a deep setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Silk fabric production peaked at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Silk Fabric Exports

Exports from Nigeria

In 2020, after five years of growth, there was significant decline in overseas shipments of woven fabrics of silk or of silk waste, when their volume decreased by -X% to X square meters. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Exports peaked at X square meters in 2019, and then declined rapidly in the following year.

In value terms, silk fabric exports contracted notably to $X in 2020. Overall, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2008 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. From 2009 to 2020, the growth exports remained at a lower figure.

Exports by Country

Italy (X square meters), South Africa (X square meters) and the U.S. (X square meters) were the main destinations of silk fabric exports from Nigeria, with a combined X% share of total exports. These countries were followed by Ireland, which accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for silk fabric exported from Nigeria were South Africa ($X), Italy ($X) and the U.S. ($X), with a combined X% share of total exports.

South Africa (+X% per year) saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2020, the average silk fabric export price amounted to $X per square meter, rising by X% against the previous year. Overall, the export price, however, continues to indicate a deep setback. Over the period under review, average export prices reached the peak figure at $X per square meter 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 foreign markets. In 2020, the country with the highest price was the U.S. ($X per square meter), while the average price for exports to Ireland ($X per square meter) was amongst the lowest.

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

Silk Fabric Imports

Imports into Nigeria

Silk fabric imports into Nigeria declined significantly to X square meters in 2020, shrinking by -X% on the year before. In general, imports faced a sharp reduction. The pace of growth was the most pronounced in 2019 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X square meters in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

In value terms, silk fabric imports shrank markedly to $X in 2020. Overall, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X square meters) constituted the largest silk fabric supplier to Nigeria, with a X% share of total imports. It was followed by Taiwan (Chinese) (X square meters), with a X% share of total imports. South Korea (X square meters) ranked third in terms of total imports with a X% share.

From 2007 to 2020, 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: Taiwan (Chinese) (-X% per year) and South Korea (+X% per year).

In value terms, China ($X) constituted the largest supplier of silk fabric to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Taiwan (Chinese) (-X% per year).

Import Prices by Country

In 2020, the average silk fabric import price amounted to $X per square meter, surging by X% against the previous year. Over the period under review, the import price posted a strong expansion. The pace of growth was the most pronounced in 2014 an increase of X% y-o-y. The import price peaked at $X per square meter in 2017; however, from 2018 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was South Korea ($X per square meter), while the price for India ($X per square meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for woven fabrics of silk or of silk waste in the world?
+
The countries with the highest volumes of silk fabric consumption in 2020 were Russia (400M square meters), China (259M square meters) and the U.S. (141M square meters), with a combined 51% share of global consumption. India, Belarus, Pakistan, Ethiopia, Indonesia, Nigeria, South Korea and Canada lagged somewhat behind, together accounting for a further 27%.
What are the largest producers of woven fabrics of silk or of silk waste in the world?
+
The countries with the highest volumes of silk fabric production in 2020 were Russia (400M square meters), China (262M square meters) and the U.S. (141M square meters), together comprising 53% of global production.
What are the leading suppliers of woven fabrics of silk or of silk waste to Nigeria?
+
In value terms, China ($33K) constituted the largest supplier of silk fabric to Nigeria, comprising 85% of total imports. The second position in the ranking was occupied by South Korea ($2.8K), with a 7.1% share of total imports. It was followed by Taiwan (Chinese), with a 2.3% share.
What are the leading importers of woven fabrics of silk or of silk waste from Nigeria?
+
In value terms, the largest markets for silk fabric exported from Nigeria were South Africa ($2K), Italy ($1.4K) and the U.S. ($573), together accounting for 88% of total exports.
What is the average export price for woven fabrics of silk or of silk waste in Nigeria?
+
In 2020, the average silk fabric export price amounted to $1.6 per square meter, with an increase of 6,285% 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 $33 per square meter in 2020, with an increase of 3.4% against the previous year.

Product coverage:
• Prodcom 13201100 - Woven fabrics of silk or silk waste

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 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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