Price for Buttons; of Plastics, Not Covered with Textile Material in Nigeria - 2022
Contents:
- Price for Buttons; of Plastics, Not Covered with Textile Material in Nigeria (CIF) - 2022
- Price for Buttons; of Plastics, Not Covered with Textile Material in Nigeria (FOB) - 2022
- Imports of Buttons; of Plastics, Not Covered with Textile Material in Nigeria
- Exports of Buttons; of Plastics, Not Covered with Textile Material in Nigeria
Price for Buttons; of Plastics, Not Covered with Textile Material in Nigeria (CIF) - 2022
The average import price for buttons; of plastics, not covered with textile materials stood at $1,795 per ton in 2022, which is down by -41% against the previous year. Over the period under review, the import price continues to indicate a mild contraction. The pace of growth was the most pronounced in 2014 an increase of 54% against the previous year. Over the period under review, average import prices hit record highs at $4,852 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 South Korea ($5,180 per ton), while the price for the UK ($558 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 (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Buttons; of Plastics, Not Covered with Textile Material in Nigeria (FOB) - 2022
In 2022, the average export price for buttons; of plastics, not covered with textile materials amounted to $71 per ton, reducing by -14.6% against the previous year. Over the period under review, the export price recorded a precipitous curtailment. The export price peaked at $38,529 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Benin.
From 2014 to 2022, the rate of growth in terms of prices for Congo amounted to -64.4% per year.
Imports of Buttons; of Plastics, Not Covered with Textile Material in Nigeria
Imports of buttons; of plastics, not covered with textile materials into Nigeria surged to 68 tons in 2022, growing by 245% compared with the previous year's figure. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of buttons; of plastics, not covered with textile materials surged to $122K in 2022. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Buttons; of Plastics, Not Covered with Textile Material in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 36.6 | 72.8 | 24.2 | 84.2 | 32.0% |
| South Korea | 12.9 | N/A | 33.6 | 34.3 | 38.5% |
| United Kingdom | N/A | N/A | N/A | 1.1 | 0% |
| Others | 0.1 | 0.4 | 2.0 | 2.1 | 175.9% |
| Total | 49.6 | 73.3 | 59.7 | 122 | 35.0% |
Top Suppliers of Buttons; of Plastics, Not Covered with Textile Material to Nigeria in 2022:
- China (58.3 tons)
- South Korea (6.6 tons)
- United Kingdom (2.0 tons)
Exports of Buttons; of Plastics, Not Covered with Textile Material in Nigeria
In 2022, approx. 5 tons of buttons; of plastics, not covered with textile materials were exported from Nigeria; waning by -41.6% against 2021 figures. Over the period under review, exports showed a sharp downturn.
In value terms, exports of buttons; of plastics, not covered with textile materials dropped markedly to $356 in 2022. In general, exports showed a dramatic contraction.
| Export of Buttons; of Plastics, Not Covered with Textile Material in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Benin | 403 | 351 | -12.9% | ||
| Congo | 289 | N/A | 0% | ||
| Others | 22.0 | 5.0 | -77.3% | ||
| Total | 714 | 356 | -50.1% | ||
Top Export Markets for Buttons; of Plastics, Not Covered with Textile Material from Nigeria in 2022:
- Benin (5.0 tons)
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