Report Update Nov 1, 2024

Nigeria - Articles of Peat - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Nigeria: Articles Of Peat Market 2024

Articles Of Peat Market Size in Nigeria

The Nigerien articles of peat market reduced to $X in 2022, dropping by -12.6% 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). Overall, consumption showed a abrupt curtailment. Articles of peat consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Articles Of Peat Exports

Exports from Nigeria

In 2017, after three years of growth, there was significant decline in shipments abroad of articles of peat, when their volume decreased by -85.7% to X kg. In general, exports, however, posted a modest expansion. The most prominent rate of growth was recorded in 2015 with an increase of 315%. Over the period under review, the exports hit record highs at X kg in 2016, and then reduced remarkably in the following year.

In value terms, articles of peat exports fell rapidly to $X in 2017. Over the period under review, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2015 when exports increased by 305% against the previous year. The exports peaked at $X in 2016, and then declined markedly in the following year.

Exports by Country

Benin (X kg) was the main destination for articles of peat exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2014 to 2017, the average annual rate of growth in terms of volume to Benin amounted to +1.4%.

In value terms, Benin ($X) also remains the key foreign market for articles of peat exports from Nigeria.

From 2014 to 2017, the average annual growth rate of value to Benin stood at -13.6%.

Export Prices by Country

The average articles of peat export price stood at $X per ton in 2017, shrinking by -36.4% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2016 a decrease of -0.3%. The export price peaked at $X per ton in 2014; however, from 2015 to 2017, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Benin.

From 2014 to 2017, the rate of growth in terms of prices for Benin amounted to -14.7% per year.

Articles Of Peat Imports

Imports into Nigeria

In 2022, imports of articles of peat into Nigeria fell sharply to X tons, reducing by -21.2% compared with the year before. Overall, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2021 with an increase of 74%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, articles of peat imports stood at $X in 2022. Over the period under review, imports faced a abrupt descent. The smallest decline of -0.5% was in 2013. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2019, India (X tons) was the main supplier of articles of peat to Nigeria, accounting for a approx. 100% share of total imports.

From 2012 to 2019, the average annual growth rate of volume from India was relatively modest.

In value terms, India ($X) constituted the largest supplier of articles of peat to Nigeria.

From 2012 to 2019, the average annual rate of growth in terms of value from India was relatively modest.

Import Prices by Country

The average articles of peat import price stood at $X per ton in 2019, falling by -5.2% against the previous year. Overall, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 a decrease of -4.5%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2019, import prices stood at a somewhat lower figure.

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

From 2012 to 2019, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for articles of peat in the world?

China constituted the country with the largest volume of articles of peat consumption, comprising approx. 19% of total volume. Moreover, articles of peat consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 7.7% share.

What are the largest producers of articles of peat in the world?

China remains the largest articles of peat producing country worldwide, comprising approx. 19% of total volume. Moreover, articles of peat production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with a 7.7% share.

What are the leading suppliers of articles of peat to Nigeria?

In value terms, India constituted the largest supplier of articles of peat to Nigeria.

What is the average export price for articles of peat in Nigeria?

In 2017, the average articles of peat export price amounted to $1,260 per ton, standing approx. at the previous year.

What is the average import price for articles of peat in Nigeria?

The average articles of peat import price stood at $3,071 per ton in 2019, falling by -8.1% against the previous year.

This report provides an in-depth analysis of the articles of peat market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23991980 - Articles of peat (including sheets, cylinder shells and plant pots) (excluding textile articles of peat fibre)

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023