Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Nigeria - 2023
Contents:
- Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Nigeria (CIF) - 2022
- Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Nigeria (FOB) - 2022
- Imports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Nigeria
- Exports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Nigeria
Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Nigeria (CIF) - 2022
In 2022, the average import price for waste (including noils, yarn waste and garnetted stock), of man-made fibreses amounted to $863 per ton, falling by -4.8% against the previous year. Over the period under review, the import price recorded a perceptible contraction. The growth pace was the most rapid in 2018 when the average import price increased by 51% against the previous year. As a result, import price reached the peak level of $1,371 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($7,180 per ton), while the price for Thailand ($384 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Nigeria (FOB) - 2022
In 2022, the average export price for waste (including noils, yarn waste and garnetted stock), of man-made fibreses amounted to $173 per ton, with an increase of 14% against the previous year. Over the period from 2021 to 2022, it increased at an average annual rate of +13.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for India.
From 2021 to 2022, the rate of growth in terms of prices for India amounted to +14.6% per year.
Imports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Nigeria
In 2022, supplies from abroad of waste (including noils, yarn waste and garnetted stock), of man-made fibreses decreased by -22.9% to 202 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 453% against the previous year. As a result, imports attained the peak of 1.6K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of waste (including noils, yarn waste and garnetted stock), of man-made fibreses reduced notably to $174K in 2022. In general, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 262%. As a result, imports attained the peak of $1M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.7 | 231 | 89.1 | 68.1 | 106.8% |
| United States | 6.0 | 11.1 | 41.0 | 35.8 | 81.4% |
| Thailand | 112 | 554 | 68.0 | 33.1 | -33.4% |
| South Africa | 7.7 | 65.9 | 17.3 | 18.0 | 32.7% |
| United Kingdom | 137 | 81.4 | 15.7 | 11.7 | -56.0% |
| Italy | 2.2 | 16.3 | 3.8 | 3.5 | 16.7% |
| Others | 5.0 | 45.6 | 2.3 | 3.8 | -8.7% |
| Total | 278 | 1,006 | 237 | 174 | -14.5% |
Top Suppliers of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres to Nigeria in 2022:
- Thailand (86.3 tons)
- United States (68.4 tons)
- South Africa (16.4 tons)
- United Kingdom (11.9 tons)
- China (9.5 tons)
- Italy (6.2 tons)
Exports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Nigeria
In 2022, the amount of waste (including noils, yarn waste and garnetted stock), of man-made fibreses exported from Nigeria skyrocketed to 405 tons, jumping by 444% against the previous year. Overall, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of waste (including noils, yarn waste and garnetted stock), of man-made fibreses surged to $70K in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| India | 11.2 | 70.0 | 525.0% | ||
| Others | 0.1 | N/A | 0% | ||
| Total | 11.3 | 70.0 | 519.5% | ||
Top Export Markets for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres from Nigeria in 2022:
- India (404.5 tons)
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