Wood; Clothes Hangers Price in Nigeria - 2022

Contents:

1. Wood; Clothes Hangers Price in Nigeria (CIF) - 2022
2. Wood; Clothes Hangers Price in Nigeria (FOB) - 2022
3. Wood; Clothes Hangers Imports in Nigeria
4. Wood; Clothes Hangers Exports in Nigeria

Wood; Clothes Hangers Price in Nigeria (CIF) - 2022

In June 2022, the average wood; clothes hangers import price amounted to $2,768 per ton, surging by 9.1% against the previous month. Overall, the import price enjoyed strong growth. The pace of growth appeared the most rapid in March 2022 when the average import price increased by 259% m-o-m. As a result, import price reached the peak level of $2,864 per ton. From April 2022 to June 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From June 2021 to June 2022, the rate of growth in terms of prices for China amounted to +17.3% per month.

Wood; Clothes Hangers Price in Nigeria (FOB) - 2022

The average wood; clothes hangers export price stood at $1,643 per ton in 2022, dropping by -19.5% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 423% against the previous year. As a result, the export price reached the peak level of $5,296 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($2,073 per ton), while the average price for exports to Ethiopia ($114 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 Ireland (+129.0%), while the prices for the other major destinations experienced a decline.

Wood; Clothes Hangers Imports in Nigeria

In 2022, imports of wood; clothes hangerses into Nigeria surged to 355 tons, increasing by 144% on the year before. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood; clothes hangers imports soared to $516K in 2022. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Wood; Clothes Hangers to Nigeria in 2022:

1. China (197.5 tons)
2. United Kingdom (56.6 tons)
3. Indonesia (42.7 tons)
4. United States (16.5 tons)
5. Turkey (11.0 tons)

Wood; Clothes Hangers Exports in Nigeria

In 2022, shipments abroad of wood; clothes hangerses decreased by -14.3% to 263 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 185%.

In value terms, wood; clothes hangers exports contracted rapidly to $432 in 2022. Over the period under review, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 165% against the previous year. As a result, the exports reached the peak of $627, and then shrank remarkably in the following year.

Top Export Markets for Wood; Clothes Hangers from Nigeria in 2022:

1. Angola (175.0 kg)
2. Ireland (33.0 kg)
3. Ethiopia (9.0 kg)
4. Tanzania (7.0 kg)

Source: IndexBox Market Intelligence Platform