Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon in Nigeria - 2022

Contents:

1. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon in Nigeria (CIF) - 2022
2. Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon in Nigeria

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon in Nigeria (CIF) - 2022

The average import price for textile fabrics; tyrecord of high tenacity yarn of viscose raya stood at $2,040 per ton in 2022, increasing by 14% against the previous year. Overall, the import price recorded prominent growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 148% against the previous year. Over the period under review, average import prices attained the peak figure at $6,424 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 India ($5,466 per ton), while the price for Switzerland ($904 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+50.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon in Nigeria

In 2022, approx. 251 tons of textile fabrics; tyrecord of high tenacity yarn of viscose raya were imported into Nigeria; falling by -41.1% on the previous year's figure. In general, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 1,942%. As a result, imports attained the peak of 426 tons, and then dropped dramatically in the following year.

In value terms, imports of textile fabrics; tyrecord of high tenacity yarn of viscose raya dropped markedly to $511K in 2022. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 2,791% against the previous year. As a result, imports reached the peak of $761K, and then contracted dramatically in the following year.

Top Suppliers of Textile Fabrics; Tyrecord of High Tenacity Yarn of Viscose Rayon to Nigeria in 2022:

1. China (208.0 tons)
2. India (36.0 tons)
3. Switzerland (6.6 tons)

Source: IndexBox Market Intelligence Platform