Nigeria - Knitted Or Crocheted Fabrics - Market Analysis, Forecast, Size, Trends and Insights
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View PricingKnitted Fabric Price in Nigeria - 2022
Contents:
- Knitted Fabric Price in Nigeria (CIF) - 2022
- Knitted Fabric Price in Nigeria (FOB) - 2022
- Knitted Fabric Imports in Nigeria
- Knitted Fabric Exports in Nigeria
Knitted Fabric Price in Nigeria (CIF) - 2022
In June 2022, the average knitted fabric import price amounted to $758 per ton, shrinking by -84.9% against the previous month. Overall, the import price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in May 2022 an increase of 314% m-o-m. As a result, import price attained the peak level of $5,009 per ton, and then contracted sharply in the following month.
As there is only one major supplying country, the average price level is determined by prices for China.
From June 2021 to June 2022, the rate of growth in terms of prices for China amounted to +8.9% per month.
Knitted Fabric Price in Nigeria (FOB) - 2022
The average knitted fabric export price stood at $7,528 per ton in 2021, increasing by 3% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 10%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($8,062 per ton), while the average price for exports to Niger ($2,504 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.
Knitted Fabric Imports in Nigeria
In 2022, approx. 8.4K tons of knitted or crocheted fabrics were imported into Nigeria; rising by 195% compared with the previous year's figure. In general, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, knitted fabric imports surged to $18M in 2022. Over the period under review, imports, however, recorded a deep contraction.
Import of Knitted Fabric in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 0.2 | 6.6 | 1.9 | 13.2 | 304.1% |
Germany | 4.4 | 5.6 | 1.2 | 3.8 | -4.8% |
France | 1.0 | 3.6 | 1.7 | N/A | 30.4% |
Others | 24.4 | 4.7 | 3.4 | 1.0 | -65.5% |
Total | 29.9 | 20.5 | 8.2 | 18.0 | -15.6% |
Top Suppliers of Knitted Fabric to Nigeria in 2022:
- France (undefinedK tons)
- China (7.3K tons)
- Germany (0.8K tons)
Knitted Fabric Exports in Nigeria
In 2021, the amount of knitted or crocheted fabrics exported from Nigeria amounted to 17 tons, with an increase of 4.2% against the previous year's figure. Over the period under review, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, knitted fabric exports expanded remarkably to $126K in 2021. The total export value increased at an average annual rate of +2.8% over the period from 2019 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Knitted Fabric in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Kenya | 30.0 | 99.8 | 111 | 92.4% | |
United States | 2.6 | 1.3 | 4.5 | 31.6% | |
Niger | 71.9 | 4.1 | 2.3 | -82.1% | |
Benin | 1.5 | 1.7 | 1.8 | 9.5% | |
United Kingdom | N/A | 2.0 | 0.2 | -90.0% | |
Others | 13.1 | 8.3 | 6.4 | -30.1% | |
Total | 119 | 117 | 126 | 2.9% |
Top Export Markets for Knitted Fabric from Nigeria in 2022:
- Kenya (13.7 tons)
- United States (1.1 tons)
- Niger (0.9 tons)
- Benin (0.4 tons)
- United Kingdom (0.1 tons)
This report provides an in-depth analysis of the knitted 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 13911100 - Pile fabrics, terry fabrics, knitted or crocheted
- Prodcom 13911910 - Knitted or crocheted fabrics (excluding pile fabrics)
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
This report provides an in-depth analysis of the knitted fabric market in Nigeria.
This report provides an in-depth analysis of the market for pile and terry fabric in Nigeria.
This report provides an in-depth analysis of the global knitted fabric market.
Global Pile and Terry Fabric Market Report 2018. This report provides an in-depth analysis of the global market for pile and terry fabric.
This report provides an in-depth analysis of the knitted fabric market in Nigeria.
This report provides an in-depth analysis of the market for pile and terry fabric in Nigeria.
This report provides an in-depth analysis of the global knitted fabric market.
Global Pile and Terry Fabric Market Report 2018. This report provides an in-depth analysis of the global market for pile and terry fabric.
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