Nigeria - Yarn Of Wool - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWoolen Yarn Price in Nigeria - 2022
Contents:
- Woolen Yarn Price in Nigeria (CIF) - 2022
- Woolen Yarn Price in Nigeria (FOB) - 2022
- Woolen Yarn Imports in Nigeria
- Woolen Yarn Exports in Nigeria
Woolen Yarn Price in Nigeria (CIF) - 2022
The average woolen yarn import price stood at $2,932 per ton in 2022, falling by -45% against the previous year. Overall, the import price saw a deep contraction. The growth pace was the most rapid in 2014 an increase of 66% against the previous year. The import price peaked at $19,956 per ton in 2016; however, from 2017 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 the UK ($19,510 per ton), while the price for China ($2,807 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+18.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Woolen Yarn Price in Nigeria (FOB) - 2022
In 2022, the average woolen yarn export price amounted to $59,635 per ton, shrinking by -16% against the previous year. In general, the export price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 402% against the previous year. Over the period under review, the average export prices attained the maximum at $70,970 per ton in 2021, and then reduced remarkably in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($62,544 per ton), while the average price for exports to Niger ($11,854 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Gambia (+79.3%), while the prices for the other major destinations experienced more modest paces of growth.
Woolen Yarn Imports in Nigeria
In 2022, approx. 126 tons of yarn of wool were imported into Nigeria; with an increase of 663% on 2021. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 892% against the previous year. As a result, imports attained the peak of 134 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, woolen yarn imports soared to $370K in 2022. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 418%. As a result, imports reached the peak of $746K. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Woolen Yarn in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 115 | 618 | 66.4 | 348 | 44.6% |
Turkey | N/A | 58.6 | N/A | N/A | 0% |
Others | 29.3 | 69.7 | 21.7 | 21.3 | -10.1% |
Total | 144 | 746 | 88.1 | 370 | 37.0% |
Top Suppliers of Woolen Yarn to Nigeria in 2022:
- Turkey (undefined tons)
- China (124.1 tons)
Woolen Yarn Exports in Nigeria
In 2022, approx. 1.9 tons of yarn of wool were exported from Nigeria; surging by 7.8% compared with the previous year's figure. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 1,041% against the previous year. As a result, the exports attained the peak of 1.9 tons; afterwards, it flattened through to 2022.
In value terms, woolen yarn exports contracted to $112K in 2022. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 5,629% against the previous year.
Export of Woolen Yarn in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Burkina Faso | 1.4 | 103 | 99.7 | 109 | 327.0% |
Benin | N/A | 2.0 | 1.9 | 1.9 | -2.5% |
Niger | 0.3 | 0.3 | 0.3 | 0.6 | 26.0% |
Togo | N/A | N/A | 15.1 | N/A | 0% |
Others | 0.1 | 0.3 | 6.6 | 0.5 | 71.0% |
Total | 1.8 | 106 | 124 | 112 | 296.3% |
Top Export Markets for Woolen Yarn from Nigeria in 2022:
- Burkina Faso (1742.0 kg)
- Niger (48.0 kg)
- Benin (40.0 kg)
This report provides an in-depth analysis of the woolen yarn market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13105010 - Yarn of carded wool or fine animal hair, n.p.r.s.
- Prodcom 13105030 - Yarn of combed wool or fine animal hair, n.p.r.s.
- Prodcom 13105050 - Yarn of wool or fine animal hair, p.r.s.
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the woolen yarn market in Nigeria.
This report provides an in-depth analysis of the global woolen yarn market.
This report provides an in-depth analysis of the woolen yarn market in Nigeria.
This report provides an in-depth analysis of the global woolen yarn market.
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