Report Update: Apr 2, 2024

Nigeria - Embroidery (Without Visible Ground) In The Piece - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Embroidery Price in Nigeria - 2022

Embroidery Price in Nigeria (CIF) - 2022

In 2022, the average embroidery import price amounted to $17,484 per ton, rising by 15% against the previous year. Overall, the import price, however, showed a abrupt curtailment. Over the period under review, average import prices attained the peak figure at $42,429 per ton in 2012; however, from 2013 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 India ($30,067 per ton), while the price for China totaled $11,629 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+80.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Embroidery Price in Nigeria (FOB) - 2022

In 2022, the average embroidery export price amounted to $41,497 per ton, surging by 39% against the previous year. Over the period under review, the export price posted temperate growth. The growth pace was the most rapid in 2018 an increase of 80% against the previous year. As a result, the export price attained the peak level of $51,809 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($31,441 per ton), while the average price for exports to the United States totaled $18,542 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+1.1%), while the prices for the other major destinations experienced a decline.

Embroidery Imports in Nigeria

After three years of growth, purchases abroad of embroidery (without visible ground) in the piece decreased by -9.2% to 1.6K tons in 2022. Over the period under review, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 62%. As a result, imports reached the peak of 1.8K tons, and then reduced in the following year.

In value terms, embroidery imports totaled $28M in 2022. The total import value increased at an average annual rate of +9.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 36% against the previous year. As a result, imports attained the peak of $29M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Embroidery in Nigeria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	6.8	5.1	10.2	15.1	30.5%
India	12.9	23.3	15.0	9.4	-10.0%
Others	2.0	1.0	1.9	3.9	24.9%
Total	21.7	29.5	27.1	28.3	9.3%

Top Suppliers of Embroidery to Nigeria in 2022:

China (1294.3 tons)
India (311.4 tons)

Embroidery Exports in Nigeria

In 2022, exports of embroidery (without visible ground) in the piece from Nigeria declined notably to 173 kg, falling by -44.2% on 2021 figures. Overall, exports showed a precipitous descent. The pace of growth appeared the most rapid in 2021 with an increase of 27%.

In value terms, embroidery exports contracted markedly to $7.2K in 2022. In general, exports saw a deep reduction. The growth pace was the most rapid in 2021 with an increase of 80%. As a result, the exports reached the peak of $9.2K, and then shrank remarkably in the following year.

Export of Embroidery in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Niger	5.5	5.1	8.6	4.6	-5.8%
United States	N/A	N/A	0.6	0.4	-33.3%
Others	3.7	N/A	N/A	2.2	-15.9%
Total	9.2	5.1	9.2	7.2	-7.8%

Top Export Markets for Embroidery from Nigeria in 2022:

Niger (145.0 kg)
United States (24.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the embroidery 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 13991230 - Embroidery (without visible ground) in the piece, in strips or in motifs

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