Nigeria Knitted Fabric Market (2024-2030) | Forecast, Revenue, Industry, Outlook, Analysis, Trends, Value, Share, Growth, Companies & Size

Nigeria Knitted Fabric Market Highlights

Report Name	Nigeria Knitted Fabric Market
Forecast Period	2024-2030
Market Size	USD 720Million –  USD 1.2Billion
CAGR	6.2%
Growing Sector	Apparel

Topics Covered in the Nigeria Knitted Fabric Market Report

The Nigeria Knitted Fabric market report thoroughly covers the market by construction type and by fabrics type. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Nigeria Knitted Fabric Market Size & Analysis

In 2024, the Nigeria Knitted Fabricmarketis valued at approximately $ 720million, with a projected compound annual growth rate (CAGR) of 6.2% over the next five years. Additionally, by 2030, the market is expected to reach around $ 1.2billion. The apparel sector holds significant position in the overall market.

Nigeria Knitted Fabric Market Synopsis

The Nigeria knitted fabric market is experiencing growth due to the expanding demand for versatile and comfortable textiles, particularly in the fashion, activewear, and casual wear sectors. With a population of over 200 million people, Nigeria offers a large domestic market for knitted fabrics, driven by increasing urbanization and rising disposable incomes. The country’s textile industry, once a major economic driver, is undergoing a revival as local manufacturers seek to capitalize on both domestic consumption and export opportunities, aided by government initiatives to boost local textile production and reduce dependence on imports. Furthermore, the growing focus on sustainability and eco-friendly textiles is gradually influencing the Nigerian market, with more manufacturers adopting environmentally conscious practices. Despite this growth, challenges such as limited infrastructure, inconsistent power supply, and competition from imported textiles remain obstacles for the industry’s full potential realization.

According to 6Wresearch, Nigeria Knitted Fabric market size is projected to grow at a CAGR of 6.2% during 2024-2030. The growth of Nigeria's knitted fabric market is driven by several key factors, including the country's large and youthful population, which creates a substantial domestic demand for affordable and versatile textiles in apparel, activewear, and casual wear. Increasing urbanization and rising disposable incomes are contributing to greater consumer spending on fashion, while the government’s push to revitalize the local textile industry through policies aimed at reducing import dependency and encouraging local manufacturing further supports growth. Additionally, the growing trend toward sustainable and eco-friendly fabrics is gradually taking root in Nigeria, aligning with global consumer preferences for environmentally responsible products. However, the Nigeria Knitted Fabric industryfaces challenges such as inconsistent power supply, poor infrastructure, and logistical bottlenecks that can hinder manufacturing and distribution efficiency. Furthermore, the market faces stiff competition from cheap imported fabrics, particularly from Asia, which poses a threat to local manufacturers. Despite these challenges, investments in technology and infrastructure, coupled with a growing emphasis on local textile production, present opportunities for long-term market growth.

Nigeria Knitted Fabric Market Trends

Sustainability Movement - Increasing demand for eco-friendly and sustainable knitted fabrics made from organic and recycled materials, as consumers become more environmentally conscious.

Rise in Activewear - Growing popularity of activewear and athleisure, driving demand for high-performance knitted fabrics with features like moisture-wicking and flexibility.

Local Textile Production Revival - Government initiatives and investments aimed at revitalizing Nigeria's domestic textile industry, encouraging local production and reducing reliance on imported fabrics.

Technological Advancements - Adoption of modern knitting technologies and digital printing to enhance fabric quality, increase production efficiency, and offer more customization options.

Investment Opportunities in the Nigeria Knitted Fabric Market

Sustainable Fabric Production - Investment in the development and manufacturing of eco-friendly and sustainable knitted fabrics, including the use of organic cotton, recycled fibers, and biodegradable materials to meet the growing demand for green products.

Textile Manufacturing Infrastructure - Funding for the development of modern textile manufacturing facilities and the upgrade of existing infrastructure to improve production capacity, efficiency, and quality.

Activewear and Sportswear - Expanding production lines dedicated to high-performance knitted fabrics for activewear and athleisure, targeting the growing demand in the fitness and wellness sectors.

Technology Adoption - Investment in advanced knitting machines, digital fabric printing, and other technological innovations to enhance fabric quality, reduce waste, and enable customization for both local and export markets.

Key Players in the Nigeria Knitted Fabric Market

Key companies in Nigeria's knitted fabric market include Lagos-based Nikky and Sons Ltd., a leading manufacturer and distributor of knitted fabrics, specializing in custom designs and textiles for the fashion and apparel industries. Afprint Nigeria Ltd., one of the largest textile manufacturers in the country, is known for producing knitted fabrics used in various segments, from clothing to industrial applications.

Textile Manufacturers Nigeria (TMN), another significant player, is involved in the production of a wide range of knitted fabrics for both local and international markets. Stallion Group, a major conglomerate with a strong presence in Nigeria's textile and fabric industry, produces high-quality knitted fabrics for domestic consumption and export. Dantex Textiles Ltd. focuses on providing sustainable and eco-friendly knitted fabrics, meeting the rising demand for environmentally responsible textiles. Additionally, some of these players hold majority of the Nigeria Knitted Fabric market share. Moreover, these companies are crucial in meeting the growing demand for knitted fabrics in Nigeria while also contributing to the country's textile manufacturing revival and expanding export potential.

Government Regulationsin the Nigeria Knitted Fabric Market

Government regulations in Nigeria's knitted fabric market are shaped by policies aimed at revitalizing the local textile industry and promoting sustainable practices. The National Textile Policy focuses on reducing the reliance on imported textiles, encouraging local manufacturing, and creating job opportunities within the sector. The Nigerian Industrial Revolution Plan (NIRP) supports this by offering incentives for investment in textile manufacturing, including access to tax reliefs and funding for modernizing production facilities. Additionally, Nigeria has regulations under the Environmental Impact Assessment (EIA) Act that mandate manufacturers to comply with environmental standards, including waste management and pollution control in textile production.

The Nigerian Labour Act ensures fair labor practices within the textile industry, guaranteeing workers' rights to safe working conditions and fair compensation. Further, these initiatives have further boosted the Nigeria Knitted Fabric market revenues. Furthermore, Nigeria's adherence to international trade agreements, such as the African Continental Free Trade Area (AfCFTA), provides manufacturers with access to a broader regional market while encouraging adherence to regional standards. These regulations aim to foster a sustainable and competitive knitting fabric market while encouraging local production and reducing import dependency.

Future Insights of the Nigeria Knitted Fabric Market

The future of Nigeria's knitted fabric market looks promising, with significant growth anticipated as the country continues to invest in textile manufacturing and infrastructure development. As local production gains momentum, driven by government policies aimed at boosting domestic manufacturing and reducing reliance on imports, Nigeria is poised to become a more competitive player in the global textile market. The growing middle class, increasing urbanization, and rising consumer demand for stylish yet affordable knitted fabrics are expected to drive market expansion. Additionally, the trend toward sustainability will encourage further investment in eco-friendly production practices and the use of recycled and organic materials. With technological advancements in knitting machinery, digital printing, and automation, production efficiency is expected to improve, supporting both domestic consumption and export potential.

Weft-Knitted FabricsCategoryto Dominate the Market - By Construction Type

According to Ravi Bhandari, Research Head, 6Wresearch, the growth of the weft-knitted fabrics construction type in Nigeria is driven by increasing demand for comfortable, versatile, and cost-effective textiles used in apparel and activewear. Weft-knitted fabrics are particularly favored in the fashion industry for their elasticity, softness, and ability to stretch, making them ideal for casual wear, sportswear, and loungewear. As urbanization rises and disposable incomes increase, consumers are opting for more comfortable clothing, which boosts demand for these fabrics. Additionally, local manufacturers are investing in modern knitting technology to improve production efficiency and quality, meeting both domestic and international demand. With the expansion of e-commerce and retail channels, there is a growing market for weft-knitted fabrics in Nigeria, offering opportunities for both established and new textile companies to capture market share.

Interlock Type to Dominate the Market – By Fabrics Type

The growth of interlock fabric type in Nigeria is driven by its increasing demand in sectors like fashion, activewear, and home textiles due to its superior durability, smooth texture, and double-layer construction, which provides additional comfort and warmth. Interlock fabrics, known for their high-quality finish and ability to retain shape, are particularly popular in the production of sportswear, casual clothing, and high-end fashion garments. As Nigeria’s textile industry experiences a revival, local manufacturers are focusing on expanding their capabilities to produce interlock fabrics to meet both domestic and export demand. The fabric’s versatility, combined with its resistance to shrinking and stretching, has made it a preferred choice among Nigerian consumers who are increasingly seeking durable and comfortable clothing options.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Nigeria Knitted Fabric Market Overview
• Nigeria Knitted Fabric Market Outlook
• Market Size of Nigeria Knitted Fabric Market, 2023
• Forecast of Nigeria Knitted Fabric Market, 2030
• Historical Data and Forecast of Nigeria Knitted Fabric Revenues & Volume for the Period 2020-2030
• Nigeria Knitted Fabric Market Trend Evolution
• Nigeria Knitted Fabric Market Drivers and Challenges
• Nigeria Knitted FabricMarket - Price Trends
• Nigeria Knitted FabricMarket - Porter's Five Forces
• Nigeria Knitted Fabric Industry Life Cycle
• Historical Data and Forecast of Nigeria Knitted Fabric Market Revenues & Volume, By Construction Type for the Period 2020-2030
• Historical Data and Forecast of Nigeria Knitted Fabric Market Revenues & Volume, By Weft for the Period 2020-2030
• Historical Data and Forecast of Nigeria Knitted Fabric Market Revenues & Volume, By Wrap for the Period 2020-2030
• Historical Data and Forecast of Nigeria Knitted Fabric Market Revenues & Volume, By Fabrics Type for the Period 2020-2030
• Historical Data and Forecast of Nigeria Knitted Fabric Market Revenues & Volume, By Flat/Jersey for the Period 2020-2030
• Historical Data and Forecast of Nigeria Knitted Fabric Market Revenues & Volume, By Purl for the Period 2020-2030
• Historical Data and Forecast of Nigeria Knitted Fabric Market Revenues & Volume, By Rib Stitch for the Period 2020-2030
• Historical Data and Forecast of Nigeria Knitted Fabric Market Revenues & Volume, By Interlock for the Period 2020-2030
• Nigeria Knitted FabricMarket - Import Export Trade Statistics
• Market Opportunity Assessment, By ConstructionType
• Market Opportunity Assessment, By Fabrics Type
• Nigeria Knitted FabricMarket - Top Companies Market Share
• Nigeria Knitted FabricMarket - Competitive Benchmarking, By Technical and Operational Parameters
• Nigeria Knitted FabricMarket - Company Profiles
• Nigeria Knitted FabricMarket - Key Strategic Recommendations

Markets Covered

The Nigeria Knitted Fabric market report provides a detailed analysis of the following market segments 

By Construction Type

• Weft
• Wrap

By Fabrics Type

• Flat/Jersey
• Purl
• Rib Stitch
• Interlock