Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Nigeria - 2022
Contents:
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Nigeria (CIF) - 2022
- Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Nigeria
Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Nigeria (CIF) - 2022
In 2022, the average import price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses amounted to $43,043 per ton, increasing by 9,818% against the previous year. Overall, the import price posted significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Thailand.
From 2015 to 2022, the rate of growth in terms of prices for Thailand amounted to +264.1% per year.
Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Nigeria
In 2022, overseas purchases of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses decreased by -99.4% to 1.3 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2020 when imports increased by 116%. As a result, imports attained the peak of 639 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses dropped remarkably to $57K in 2022. Overall, imports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2020 when imports increased by 59%. As a result, imports reached the peak of $431K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 258 | 390 | 84.5 | 56.9 | -39.6% |
| China | 11.2 | 28.2 | 12.6 | N/A | 6.1% |
| Others | 1.9 | 12.4 | 6.8 | 0.1 | -62.5% |
| Total | 271 | 431 | 104 | 57.0 | -40.5% |
Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres to Nigeria in 2022:
- Thailand (1323.0 kg)
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