Nigeria: Market for Bed Linen Of Knitted Or Crocheted Textiles 2024

Market Size for Bed Linen Of Knitted Or Crocheted Textiles in Nigeria

The Nigerien market for bed linen of knitted or crocheted textiles was estimated at $X in 2022, almost unchanged from the previous year. Over the period under review, consumption, however, continues to indicate a prominent expansion. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Bed Linen Of Knitted Or Crocheted Textiles in Nigeria

In value terms, production of bed linen of knitted or crocheted textiles reached $X in 2022 estimated in export price. Overall, production showed buoyant growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 47%. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Bed Linen Of Knitted Or Crocheted Textiles

Exports from Nigeria

In 2022, after two years of growth, there was significant decline in shipments abroad of bed linen of knitted or crocheted textiles, when their volume decreased by -40.2% to X kg. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 561% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of bed linen of knitted or crocheted textiles shrank notably to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 464% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Niger (X kg), Ethiopia (X kg) and Germany (X kg) were the main destinations of exports of bed linen of knitted or crocheted textiles from Nigeria, together accounting for 54% of total exports. Botswana, Angola, Tanzania, Ghana, the Netherlands and France lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +51.1%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for bed linen of knitted or crocheted textiles exported from Nigeria were Germany ($X), Niger ($X) and France ($X), with a combined 37% share of total exports. Botswana, the Netherlands, Ethiopia, Angola, Ghana and Tanzania lagged somewhat behind, together comprising a further 20%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +112.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for bed linen of knitted or crocheted textiles stood at $X per ton in 2022, increasing by 4.8% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 49%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Tanzania ($X 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 the United States (+346.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bed Linen Of Knitted Or Crocheted Textiles

Imports into Nigeria

In 2022, after three years of growth, there was significant decline in supplies from abroad of bed linen of knitted or crocheted textiles, when their volume decreased by -91.4% to X tons. Over the period under review, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 730% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2021, and then dropped dramatically in the following year.

In value terms, imports of bed linen of knitted or crocheted textiles fell sharply to $X in 2022. Overall, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of 860% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of bed linen of knitted or crocheted textiles to Nigeria, with a 37% share of total imports. Moreover, imports of bed linen of knitted or crocheted textiles from China exceeded the figures recorded by the second-largest supplier, Italy (X kg), ninefold. The third position in this ranking was held by the United Arab Emirates (X kg), with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +72.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.5% per year) and the United Arab Emirates (+35.5% per year).

In value terms, Italy ($X), the UK ($X) and China ($X) appeared to be the largest bed linen of knitted or crocheted textiles suppliers to Nigeria, together comprising 54% of total imports.

In terms of the main suppliers, China, with a CAGR of +38.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for bed linen of knitted or crocheted textiles stood at $X per ton in 2022, jumping by 72% against the previous year. In general, the import price, however, continues to indicate a abrupt decline. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 the UK ($X per ton), while the price for China ($X 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 (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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