Price for Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in Nigeria - 2022
Contents:
- Price for Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in Nigeria (CIF) - 2022
- Price for Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in Nigeria (FOB) - 2022
- Imports of Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in Nigeria
- Exports of Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in Nigeria
Price for Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in Nigeria (CIF) - 2022
In 2022, the average import price for handbags with outer surface of plastic sheeting or of textile materialses amounted to $7.4 per unit, jumping by 41% against the previous year. Overall, import price indicated a remarkable increase from 2015 to 2022: its price increased at an average annual rate of +5.0% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($29 per unit), while the price for India ($3.9 per unit) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in Nigeria (FOB) - 2022
The average export price for handbags with outer surface of plastic sheeting or of textile materialses stood at $5.2 per unit in 2022, waning by -8.6% against the previous year. Over the period under review, the export price saw a perceptible shrinkage. The growth pace was the most rapid in 2014 an increase of 3,972% against the previous year. As a result, the export price attained the peak level of $240 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($16 per unit), while the average price for exports to Namibia ($0.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in Nigeria
In 2022, approx. 29K units of handbags with outer surface of plastic sheeting or of textile materialses were imported into Nigeria; falling by -43.6% on the year before. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 94% against the previous year. As a result, imports reached the peak of 51K units, and then shrank rapidly in the following year.
In value terms, imports of handbags with outer surface of plastic sheeting or of textile materialses reduced rapidly to $212K in 2022. Over the period under review, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 56% against the previous year. As a result, imports reached the peak of $268K, and then shrank rapidly in the following year.
| Import of Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | N/A | N/A | 2.1 | 50.3 | 2295.2% |
| Italy | 12.0 | 10.3 | 41.8 | 35.5 | 43.6% |
| United States | 53.8 | 22.2 | 28.1 | 32.4 | -15.6% |
| China | 77.8 | 7.9 | 14.1 | 10.7 | -48.4% |
| Saudi Arabia | N/A | 0.3 | 7.2 | 8.2 | 422.8% |
| Spain | 0.8 | 1.2 | 1.9 | 6.1 | 96.8% |
| Vietnam | 0.3 | 0.2 | 56.5 | 4.7 | 150.2% |
| India | 3.6 | 25.5 | 1.9 | 2.8 | -8.0% |
| Hong Kong SAR | 16.2 | 2.1 | 4.5 | 0.3 | -73.5% |
| Thailand | 0.3 | 2.9 | 6.7 | 0.3 | 0.0% |
| Brazil | 8.3 | 12.4 | 29.2 | N/A | 87.6% |
| Others | 83.5 | 86.1 | 73.5 | 61.2 | -9.8% |
| Total | 257 | 171 | 268 | 212 | -6.2% |
Top Suppliers of Handbags with Outer Surface of Plastic Sheeting or of Textile Materials to Nigeria in 2022:
- Italy (7.3K units)
- Bangladesh (4.9K units)
- China (1.7K units)
- United States (1.2K units)
- Saudi Arabia (0.8K units)
- India (0.7K units)
- Spain (0.7K units)
- Vietnam (0.2K units)
- Thailand (0.1K units)
Exports of Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in Nigeria
For the fourth consecutive year, Nigeria recorded growth in overseas shipments of handbags with outer surface of plastic sheeting or of textile materialses, which increased by 14% to 6.1K units in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 47% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of handbags with outer surface of plastic sheeting or of textile materialses expanded slightly to $32K in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Handbags with Outer Surface of Plastic Sheeting or of Textile Materials in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Congo | 1.8 | 2.6 | 6.4 | 5.9 | 48.5% |
| Canada | 0.1 | 1.0 | 1.2 | 3.9 | 239.1% |
| Burkina Faso | 2.0 | 2.3 | 3.4 | 3.6 | 21.6% |
| United States | 2.7 | 1.1 | 2.4 | 2.8 | 1.2% |
| United Arab Emirates | 0.3 | 0.8 | 1.4 | 2.7 | 108.0% |
| Cote d'Ivoire | 1.0 | 5.9 | 2.5 | 1.1 | 3.2% |
| Ghana | 0.3 | 0.6 | 2.3 | 0.7 | 32.6% |
| Switzerland | 2.2 | 0.1 | 0.2 | 0.3 | -48.5% |
| Namibia | N/A | N/A | N/A | 0.1 | 0% |
| Others | 7.6 | 6.3 | 10.6 | 10.4 | 11.0% |
| Total | 18.0 | 20.7 | 30.4 | 31.6 | 20.6% |
Top Export Markets for Handbags with Outer Surface of Plastic Sheeting or of Textile Materials from Nigeria in 2022:
- Canada (4439.0 units)
- Congo (362.0 units)
- United States (328.0 units)
- Burkina Faso (223.0 units)
- United Arab Emirates (166.0 units)
- Namibia (164.0 units)
- Ghana (161.0 units)
- Cote d'Ivoire (69.0 units)
- Switzerland (28.0 units)
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