Nigeria: Market for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos 2024

Market Size for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Nigeria

The Nigerien market for articles of cellulose fibre-cement, not containing asbestos skyrocketed to $X in 2022, increasing by 194% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a strong expansion. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Exports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Exports from Nigeria

In 2022, overseas shipments of articles of cellulose fibre-cement, not containing asbestos decreased by -11.3% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014 when exports increased by 263%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos soared to $X in 2022. Overall, exports, however, continue to indicate a pronounced increase. The growth pace was the most rapid in 2014 when exports increased by 135%. Over the period under review, the exports of attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Niger (X tons) was the main destination for exports of articles of cellulose fibre-cement, not containing asbestos from Nigeria, accounting for a 94% share of total exports. Moreover, exports of articles of cellulose fibre-cement, not containing asbestos to Niger exceeded the volume sent to the second major destination, Benin (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Niger totaled +57.2%.

In value terms, Niger ($X) emerged as the key foreign market for articles of cellulose fibre-cement, not containing asbestos exports from Nigeria, comprising 96% of total exports. The second position in the ranking was held by Benin ($X), with a 4.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Niger stood at +48.1%.

Export Prices by Country

In 2022, the average export price for articles of cellulose fibre-cement, not containing asbestos amounted to $X per ton, jumping by 30% against the previous year. In general, the export price, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2013 an increase of 72% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($X per ton), while the average price for exports to Benin stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (-4.9%).

Imports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Imports into Nigeria

In 2022, approx. X tons of articles of cellulose fibre-cement, not containing asbestos were imported into Nigeria; jumping by 166% on 2021. In general, imports saw a buoyant increase. The growth pace was the most rapid in 2015 when imports increased by 1,157% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos skyrocketed to $X in 2022. Over the period under review, imports showed a buoyant expansion. The growth pace was the most rapid in 2015 when imports increased by 1,710%. Over the period under review, imports of hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest articles of cellulose fibre-cement, not containing asbestos supplier to Nigeria, accounting for a 43% share of total imports. Moreover, imports of articles of cellulose fibre-cement, not containing asbestos from China exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+74.4% per year) and Turkey (+62.5% per year).

In value terms, Switzerland ($X) constituted the largest supplier of articles of cellulose fibre-cement, not containing asbestos to Nigeria, comprising 48% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Switzerland totaled +111.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+30.5% per year) and Germany (+37.6% per year).

Import Prices by Country

The average import price for articles of cellulose fibre-cement, not containing asbestos stood at $X per ton in 2022, increasing by 17% against the previous year. Over the period under review, the import price showed perceptible growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 44%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+73.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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