Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Nigeria - 2022
Contents:
- Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Nigeria (CIF) - 2022
- Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in Nigeria
Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Nigeria (CIF) - 2022
The average import price for wadding; other articles thereof, of man-made fibreses stood at $15,695 per ton in 2022, falling by -2.8% against the previous year. Over the period under review, the import price, however, posted a strong increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 45% against the previous year. As a result, import price reached the peak level of $16,668 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($16,380 per ton), while the price for Serbia ($8,026 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+11.1%), while the prices for the other major suppliers experienced a decline.
Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in Nigeria
In 2022, the amount of wadding; other articles thereof, of man-made fibreses imported into Nigeria rose rapidly to 242 tons, with an increase of 12% on the previous year's figure. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -1.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 79%. As a result, imports attained the peak of 245 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of wadding; other articles thereof, of man-made fibreses amounted to $3.8M in 2022. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 160%. As a result, imports reached the peak of $4.1M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Wadding; Other Articles Thereof, of Man-Made Fibres in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | N/A | 2,592 | 3,004 | 3,469 | 15.7% |
| Serbia | 251 | 70.2 | 98.6 | 174 | -11.5% |
| Brazil | N/A | N/A | N/A | 78.2 | 0% |
| Turkey | 535 | N/A | N/A | N/A | 0% |
| Ukraine | 301 | 1,114 | N/A | N/A | 270.1% |
| Others | 487 | 309 | 398 | 79.9 | -45.3% |
| Total | 1,574 | 4,085 | 3,501 | 3,801 | 34.2% |
Top Suppliers of Wadding; Other Articles Thereof, of Man-Made Fibres to Nigeria in 2022:
- Lithuania (211.8 tons)
- Serbia (21.7 tons)
- Brazil (5.6 tons)
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