Nigeria: Market for Nets of Twine, Cordage, Rope or Textile Materials 2025

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Nigeria

The Nigerien market for nets of twine, cordage, rope or textile materials soared to $X in 2022, increasing by 36% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a remarkable increase. Twine, cordage or textile net consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports from Nigeria

Twine, cordage or textile net exports from Nigeria totaled X tons in 2022, increasing by 13% against the year before. Overall, exports showed a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of 742%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, twine, cordage or textile net exports surged to $X in 2022. Over the period under review, exports showed prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 551%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Cameroon (X tons) was the main destination for twine, cordage or textile net exports from Nigeria, accounting for a 59% share of total exports. Moreover, twine, cordage or textile net exports to Cameroon exceeded the volume sent to the second major destination, Congo (X tons), fourfold. Benin (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cameroon amounted to +19.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (+43.0% per year) and Benin (+43.7% per year).

In value terms, Cameroon ($X) remains the key foreign market for nets of twine, cordage, rope or textile materials exports from Nigeria, comprising 84% of total exports. The second position in the ranking was held by Ghana ($X), with a 6% share of total exports. It was followed by Congo, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cameroon amounted to +22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (-5.5% per year) and Congo (+40.6% per year).

Export Prices by Country

The average export price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2022, rising by 28% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 216%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, 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 Ghana ($X per ton), while the average price for exports to Benin ($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 Democratic Republic of the Congo (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports into Nigeria

Twine, cordage or textile net imports into Nigeria soared to X tons in 2022, growing by 33% compared with 2021 figures. Overall, imports posted strong growth. The pace of growth appeared the most rapid in 2018 when imports increased by 450% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, twine, cordage or textile net imports skyrocketed to $X in 2022. In general, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2016 when imports increased by 355%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of twine, cordage or textile net to Nigeria, accounting for a 95% share of total imports. It was followed by Pakistan (X tons), with a 1.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +25.3%.

In value terms, China ($X) constituted the largest supplier of nets of twine, cordage, rope or textile materials to Nigeria, comprising 94% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 2.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +20.3%.

Import Prices by Country

The average import price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2022, surging by 12% against the previous year. In general, the import price, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2021 an increase of 99% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 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 Pakistan ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+2.8%).

Source: IndexBox Platform

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