Nigeria: Silk-Worm Cocoons Market 2025

Silk-Worm Cocoons Market Size in Nigeria

In 2022, the Nigerien silk-worm cocoons market decreased by 0% to less than $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption saw a significant expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Silk-Worm Cocoons Production in Nigeria

In value terms, silk-worm cocoons production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when the production volume increased by 21% against the previous year. As a result, production attained the peak level of $X, and then shrank in the following year.

In 2022, the average yield of silk-worm cocoons (reelable) in Nigeria stood at less than X kg per ha, flattening at the previous year's figure. In general, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of silk-worm cocoons (reelable) production in Nigeria totaled less than X ha, approximately equating 2021 figures. In general, the harvested area continues to indicate a relatively flat trend pattern.

Silk-Worm Cocoons Exports

Exports from Nigeria

After two years of decline, overseas shipments of silk-worm cocoons (reelable) decreased by -60% to X kg in 2019. Over the period under review, exports faced a sharp decrease. The most prominent rate of growth was recorded in 2016 with an increase of 35% against the previous year. As a result, the exports reached the peak of X kg. From 2017 to 2019, the growth of the exports remained at a lower figure.

In value terms, silk-worm cocoons exports skyrocketed to $X in 2019. Overall, exports, however, enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Cote d'Ivoire (X kg) was the main destination for silk-worm cocoons exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2015 to 2019, the average annual rate of growth in terms of volume to Cote d'Ivoire was relatively modest.

In value terms, Cote d'Ivoire ($X) emerged as the key foreign market for silk-worm cocoons (reelable) exports from Nigeria.

From 2015 to 2019, the average annual rate of growth in terms of value to Cote d'Ivoire was relatively modest.

Export Prices by Country

The average silk-worm cocoons export price stood at $X per ton in 2019, with an increase of 331% against the previous year. Over the period under review, the export price showed significant growth. 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 Cote d'Ivoire.

From 2015 to 2019, the rate of growth in terms of prices for Cote d'Ivoire amounted to 0.0% per year.

Silk-Worm Cocoons Imports

Imports into Nigeria

In 2022, purchases abroad of silk-worm cocoons (reelable) was finally on the rise to reach X kg for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 1,516%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, silk-worm cocoons imports declined sharply to $X in 2022. Over the period under review, imports, however, recorded a pronounced reduction. The growth pace was the most rapid in 2014 with an increase of 953%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X kg) constituted the largest supplier of silk-worm cocoons to Nigeria, with a 81% share of total imports. Moreover, silk-worm cocoons imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the United States (X kg), ninefold.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.3% per year) and China (-18.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of silk-worm cocoons (reelable) to Nigeria, comprising 91% of total imports. The second position in the ranking was held by the United States ($X), with a 7.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.2% per year) and China (-31.7% per year).

Import Prices by Country

The average silk-worm cocoons import price stood at $X per ton in 2022, waning by -74% against the previous year. In general, the import price showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 302% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank sharply in the following year.

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 Netherlands ($X per ton), while the price for China ($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 Netherlands (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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