Report Update Nov 1, 2024

Nigeria - Wadding of Textile Materials and Articles Thereof - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Textile Wadding Market 2024

Textile Wadding Market Size in Nigeria

The Nigerien textile wadding market declined to $X in 2022, waning by -6.9% against the previous year. Overall, consumption, however, continues to indicate strong growth. Textile wadding consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Textile Wadding Production in Nigeria

In value terms, textile wadding production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, posted a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 90%. Textile wadding production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Textile Wadding Exports

Export Prices by Country

The average textile wadding export price stood at $X per ton in 2022, with a decrease of -44.3% against the previous year. Over the period under review, the export price, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 123% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Burkina Faso ($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 Italy (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.

Textile Wadding Imports

Imports into Nigeria

In 2022, textile wadding imports into Nigeria fell modestly to X tons, dropping by -2.6% against the year before. Over the period under review, imports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 275% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, textile wadding imports reduced to $X in 2022. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 122%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of textile wadding to Nigeria, accounting for a 65% share of total imports. Moreover, textile wadding imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Lithuania (X tons), with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia amounted to +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-16.2% per year) and Lithuania (+14.2% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of wadding of textile materials and articles thereof to Nigeria, comprising 44% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by Lithuania, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Saudi Arabia stood at +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.5% per year) and Lithuania (+18.0% per year).

Import Prices by Country

In 2022, the average textile wadding import price amounted to $X per ton, with a decrease of -4.7% against the previous year. Over the period under review, the import price, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2020 when the average import price increased by 47% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wadding of textile materials and articles thereof in the world?

The country with the largest volume of wadding of textile consumption was China, comprising approx. 17% of total volume. Moreover, wadding of textile consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. India ranked third in terms of total consumption with a 5.8% share.

What are the largest producers of wadding of textile materials and articles thereof in the world?

The country with the largest volume of wadding of textile production was China, comprising approx. 18% of total volume. Moreover, wadding of textile production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with a 6.1% share.

What are the leading suppliers of wadding of textile materials and articles thereof to Nigeria?

In value terms, Saudi Arabia constituted the largest supplier of wadding of textile to Nigeria, comprising 72% of total imports. The second position in the ranking was occupied by China, with a 6.2% share of total imports.

What are the leading importers of wadding of textile materials and articles thereof from Nigeria?

In value terms, the largest markets for wadding of textile exported from Nigeria were Benin, Italy and Cote d'Ivoire, with a combined 36% share of total exports. These countries were followed by Niger and Burkina Faso, which together accounted for a further 7.5%.

What is the average export price for wadding of textile materials and articles thereof in Nigeria?

The average wadding of textile export price stood at $814 per ton in 2021, shrinking by -2.6% against the previous year.

What is the average import price for wadding of textile materials and articles thereof in Nigeria?

The average wadding of textile import price stood at $4,331 per ton in 2021, dropping by -43.9% against the previous year.

This report provides an in-depth analysis of the textile wadding 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 13991400 - Textile flock and dust and mill neps
Prodcom 17221240 - Wadding, other articles of wadding

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023