Nigeria Textile Market 2024-2030

    In Stock

    NIGERIA TEXTILE MARKET

     

    INTRODUCTION

     

     Nigeria has a long history of manufacturing textiles, having used centuries-old traditional weaving and dyeing methods. Nigeria has the capacity to produce cotton since it has cotton farms in numerous of its states.

     

    But low yields and little mechanisation have been problems for the cotton industry. Nigeria is leading the world in clothing production, with a large number of businesses producing ready-to-wear apparel. 

     

    The expansion of the apparel industry is also being facilitated by regional fashion houses and designers. The expansion of the industry depends on the development of skills and training in textile design, production, and garment manufacturing. This may enhance the standard and competitiveness of textile goods made in Nigeria.

     

    NIGERIA TEXTILE MARKET SIZE AND FORECAST

    infographic: Nigeria Textile Market, Nigeria Textile Market Size, Nigeria Textile Market Trends, Nigeria Textile Market Forecast, Nigeria Textile Market Risks, Nigeria Textile Market Report, Nigeria Textile Market Share

     

    The Nigeria textile market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    NIGERIA TEXTILE MARKET RECENT DEVELOPMENT

     

    The development of the Adire Textile Factory in Ile-Ife, Osun State, is expected to have a major positive impact on Nigeria’s textile industry. To honour the great celebration, the factory will be launched during the yearly Aje festival. Situated on 30,000 square metres of property in Ile-Ife, the new cultural centre is characterised as a large capital project requiring both national and international investment.

     

    With more than 180 textile mills that employed over 450,000 people, Nigeria was home to Africa’s largest textile sector. At the time, the public sector was the largest employer in the economy, with over 25% of manufacturing workers employed in the cotton, textile, and garment (CTG) subsector.

     

     The plant, which is set up to be the biggest in Africa, will facilitate cultural exchanges between African and foreign design students, giving them a deeper understanding of Adire fabric. It will offer an ecosystem for growth, instruction, and learning that is driven by innovation, sustainability, and tradition.

     

    It will also establish a link between the African cultural legacy and the stories of indigenous artists.  In addition to creating jobs, the Hub will serve as an example of the Nigerian government’s Non-Oil Export Initiative. It will raise the ability of Ile-Ife’s craftsmen to work and will impart knowledge on the value of environmental, ethical, and sustainable practices.

     

    THIS NIGERIA TEXTILE MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

     

    1. How many textiles are manufactured per annum in Nigeria? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Nigeria textile and key vendor selection criteria
    3. Where is the textile manufactured? What is the average margin per unit?
    4. Market share of Nigeria textile market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Nigeria textile in-house
    6. key predictions for next 5 years in Nigeria textile market
    7. Average B-2-B textile market price in all segments
    8. Latest trends in textile market, by every market segment
    9. The market size (both volume and value) of the textile market in 2024-2030 and every year in between?
    10. Production breakup of textile market, by suppliers and their OEM relationship

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
    0
      0
      Your Cart
      Your cart is emptyReturn to Shop