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

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