Report Update Nov 1, 2024

Nigeria - Balls - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Ball Market 2024

Ball Market Size in Nigeria

In 2022, the Nigerien ball market was finally on the rise to reach $X after two years of decline. Overall, consumption saw modest growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ball Exports

Exports from Nigeria

Ball exports from Nigeria dropped to X units in 2022, declining by -3.8% against 2021. Over the period under review, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 477% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, ball exports skyrocketed to $X in 2022. In general, exports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of 636% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X units) was the main destination for ball exports from Nigeria, with a 55% share of total exports. Moreover, ball exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Benin (X units), threefold. The third position in this ranking was taken by South Africa (X units), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Cote d'Ivoire totaled +47.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+33.4% per year) and South Africa (-11.8% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for balls exports from Nigeria, comprising 62% of total exports. The second position in the ranking was taken by South Africa ($X), with a 21% share of total exports. It was followed by Benin, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value to Cote d'Ivoire amounted to +48.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+0.3% per year) and Benin (+33.9% per year).

Export Prices by Country

The average ball export price stood at $X per unit in 2022, increasing by 25% against the previous year. In general, the export price continues to indicate strong growth. The growth pace was the most rapid in 2015 an increase of 107%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while the average price for exports to Burkina Faso ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (+41.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Imports

Imports into Nigeria

In 2022, overseas purchases of balls increased by 856% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a relatively flat trend pattern. Imports peaked at X units in 2012; afterwards, it flattened through to 2022.

In value terms, ball imports skyrocketed to $X in 2022. Over the period under review, imports posted a notable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X units), the United States (X units) and the Philippines (X units) were the main suppliers of ball imports to Nigeria, with a combined 43% share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +67.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Indonesia ($X) were the largest ball suppliers to Nigeria, together accounting for 60% of total imports.

South Korea, with a CAGR of +77.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ball import price amounted to $X per unit, waning by -19.1% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ball import price decreased by -25.6% against 2020 indices. The growth pace was the most rapid in 2020 when the average import price increased by 32% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for balls in the world?

China remains the largest ball consuming country worldwide, comprising approx. 30% of total volume. Moreover, ball consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 9.1% share.

What are the largest producers of balls in the world?

China remains the largest ball producing country worldwide, accounting for 56% of total volume. Moreover, ball production in China exceeded the figures recorded by the second-largest producer, Thailand, sixfold. India ranked third in terms of total production with an 8.1% share.

What are the leading suppliers of balls to Nigeria?

In value terms, China constituted the largest supplier of ball to Nigeria, comprising 63% of total imports. The second position in the ranking was occupied by Germany, with a 5.1% share of total imports. It was followed by the Philippines, with a 3.4% share.

What are the leading importers of balls from Nigeria?

In value terms, Cote d'Ivoire $864), South Africa $620) and Niger $397) constituted the largest markets for ball exported from Nigeria worldwide, with a combined 83% share of total exports.

What is the average export price for balls in Nigeria?

In 2021, the average ball export price amounted to $1.8 per unit, waning by -28.2% against the previous year.

What is the average import price for balls in Nigeria?

In 2021, the average ball import price amounted to $2 per unit, shrinking by -24.9% against the previous year.

This report provides an in-depth analysis of the ball 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 32301580 - Balls (excluding golf balls, table-tennis balls, medicine balls and punch balls)

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