Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Nigeria - 2023
Contents:
- Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Nigeria (CIF) - 2022
- Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Nigeria (FOB) - 2022
- Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Nigeria
- Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Nigeria
Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Nigeria (CIF) - 2022
The average import price for track suits; of synthetic fibres, knitted or crocheteds stood at $15 per unit in 2022, picking up by 17% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 72%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($15 per unit) and Vietnam ($15 per unit), while the price for Pakistan ($15 per unit) and China ($15 per unit) were amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Nigeria (FOB) - 2022
The average export price for track suits; of synthetic fibres, knitted or crocheteds stood at $30 per unit in 2021, increasing by 205% against the previous year. Over the period under review, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 1,163%. As a result, the export price attained the peak level of $98 per unit. From 2020 to 2021, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($88 per unit), while the average price for exports to Turkey ($17 per unit) was amongst the lowest.
From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+690.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Nigeria
Imports of track suits; of synthetic fibres, knitted or crocheteds into Nigeria reduced markedly to 2.2K units in 2022, shrinking by -73.9% on the year before. Over the period under review, imports recorded a precipitous contraction. The pace of growth was the most pronounced in 2021 when imports increased by 78%. As a result, imports reached the peak of 8.4K units, and then reduced notably in the following year.
In value terms, imports of track suits; of synthetic fibres, knitted or crocheteds declined dramatically to $34K in 2022. Overall, imports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2021 with an increase of 65% against the previous year. As a result, imports reached the peak of $110K, and then reduced remarkably in the following year.
| Import of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 38.1 | 43.5 | 103 | 29.7 | -8.0% |
| Pakistan | 4.1 | N/A | N/A | 1.2 | -33.6% |
| Cambodia | N/A | N/A | N/A | 0.6 | 0% |
| United Kingdom | N/A | 4.4 | 0.3 | 0.6 | -63.1% |
| Vietnam | N/A | 2.3 | 0.4 | 0.6 | -48.9% |
| Brunei Darussalam | 23.0 | N/A | N/A | N/A | 0% |
| India | 5.8 | 8.5 | 1.9 | N/A | -42.8% |
| South Africa | 5.1 | N/A | N/A | N/A | 0% |
| Bangladesh | 1.7 | 4.7 | N/A | N/A | 176.5% |
| Others | 0.4 | 2.8 | 4.1 | 0.8 | 26.0% |
| Total | 78.3 | 66.3 | 110 | 33.5 | -24.6% |
Top Suppliers of Track Suits; of Synthetic Fibres, Knitted or Crocheted to Nigeria in 2022:
- China (1958.0 units)
- Pakistan (79.0 units)
- United Kingdom (42.0 units)
- Vietnam (40.0 units)
- Cambodia (37.0 units)
Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Nigeria
In 2021, after two years of growth, there was significant decline in shipments abroad of track suits; of synthetic fibres, knitted or crocheteds, when their volume decreased by -91.2% to 17 units. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 3,133%. As a result, the exports attained the peak of 194 units, and then reduced notably in the following year.
In value terms, exports of track suits; of synthetic fibres, knitted or crocheteds dropped significantly to $517 in 2021. In general, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of 230% against the previous year. As a result, the exports attained the peak of $1.9K, and then shrank sharply in the following year.
| Export of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Switzerland | N/A | 10.0 | 237 | 2270.0% | |
| Turkey | N/A | N/A | 100 | 0% | |
| Cyprus | N/A | N/A | 88.0 | 0% | |
| South Africa | N/A | N/A | 51.0 | 0% | |
| Uganda | N/A | N/A | 41.0 | 0% | |
| Germany | 586 | 1,925 | N/A | 228.5% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 586 | 1,935 | 517 | -6.1% | |
Top Export Markets for Track Suits; of Synthetic Fibres, Knitted or Crocheted from Nigeria in 2022:
- Switzerland (6.0 units)
- Turkey (6.0 units)
- South Africa (3.0 units)
- Cyprus (1.0 units)
- Uganda (1.0 units)
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