Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Nigeria - 2023
Contents:
- Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Nigeria (CIF) - 2022
- Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Nigeria
Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Nigeria (CIF) - 2022
The average import price for artificial staple fibres, not carded, combed or otherwise processed for spinning stood at $4,549 per ton in 2022, picking up by 19% against the previous year. Overall, the import price posted prominent growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 45%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($6,208 per ton), while the price for Austria stood at $3,738 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+130.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Nigeria
In 2022, supplies from abroad of artificial staple fibres, not carded, combed or otherwise processed for spinning decreased by -41.8% to 74 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 106% against the previous year. As a result, imports reached the peak of 212 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of artificial staple fibres, not carded, combed or otherwise processed for spinning reduced sharply to $338K in 2022. In general, imports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 80% against the previous year. As a result, imports attained the peak of $690K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 85.6 | 369 | 305 | 187 | 29.8% |
| Thailand | 88.5 | N/A | N/A | 151 | 19.5% |
| China | N/A | 60.4 | 27.5 | N/A | -54.5% |
| Germany | 54.9 | N/A | N/A | N/A | 0% |
| India | 110 | N/A | N/A | N/A | 0% |
| Indonesia | 44.4 | 261 | 156 | N/A | 87.4% |
| Others | N/A | 0.1 | 0.2 | 0.1 | 0.0% |
| Total | 383 | 690 | 488 | 338 | -4.1% |
Top Suppliers of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Nigeria in 2022:
- Austria (50.0 tons)
- Thailand (24.4 tons)
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