Report Update Nov 1, 2024

Nigeria - Basic Dyes and Preparations Based Thereon - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Basic Dye Market 2024

Basic Dye Market Size in Nigeria

In 2021, after two years of growth, there was significant decline in the Nigerien basic dye market, when its value decreased by -7.6% to $X. Over the period under review, consumption, however, enjoyed a buoyant expansion. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Basic Dye Exports

Exports from Nigeria

In 2021, overseas shipments of basic dyes and preparations based thereon increased by 18% to X tons, rising for the third consecutive year after five years of decline. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 560% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, basic dye exports skyrocketed to $X in 2021. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 283% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Benin (X tons) was the main destination for basic dye exports from Nigeria, accounting for a 73% share of total exports. Moreover, basic dye exports to Benin exceeded the volume sent to the second major destination, Ghana (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Benin stood at +35.9%.

In value terms, Benin ($X) remains the key foreign market for basic dyes and preparations based thereon exports from Nigeria, comprising 78% of total exports. The second position in the ranking was held by Ghana ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Benin amounted to +44.4%.

Export Prices by Country

In 2021, the average basic dye export price amounted to $X per ton, rising by 46% against the previous year. Over the period under review, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 79% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Benin ($X per ton), while the average price for exports to Ghana amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+6.3%).

Basic Dye Imports

Imports into Nigeria

In 2021, purchases abroad of basic dyes and preparations based thereon decreased by -0.5% to X tons for the first time since 2016, thus ending a four-year rising trend. In general, imports, however, saw a moderate increase. The pace of growth appeared the most rapid in 2013 with an increase of 73% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, basic dye imports reduced to $X in 2021. Overall, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 116% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

India (X tons), Thailand (X tons) and China (X tons) were the main suppliers of basic dye imports to Nigeria, together accounting for 84% of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +332.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Thailand ($X) and China ($X) constituted the largest basic dye suppliers to Nigeria, together comprising 79% of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +321.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average basic dye import price stood at $X per ton in 2021, reducing by -10.2% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, basic dye import price increased by +20.4% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 41%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, 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 Hungary ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+38.6%), 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 basic dyes and preparations based thereon in the world?

The countries with the highest volumes of basic dye consumption in 2020 were China, the United States and India, together accounting for 44% of global consumption.

What are the largest producers of basic dyes and preparations based thereon in the world?

The countries with the highest volumes of basic dye production in 2020 were China, India and the United States, with a combined 57% share of global production. Mexico, Spain, Japan, Brazil, Germany, the UK, Indonesia and France lagged somewhat behind, together accounting for a further 25%.

What are the leading suppliers of basic dyes and preparations based thereon to Nigeria?

In value terms, India constituted the largest supplier of basic dye to Nigeria, comprising 73% of total imports. The second position in the ranking was occupied by China, with a 10% share of total imports.

What are the leading importers of basic dyes and preparations based thereon from Nigeria?

In value terms, Ghana $901) remains the key foreign market for basic dye exports from Nigeria, comprising 77% of total exports. The second position in the ranking was occupied by Benin $276), with a 23% share of total exports.

What is the average export price for basic dyes and preparations based thereon in Nigeria?

In 2020, the average basic dye export price amounted to $2,238 per ton, reducing by -72.8% against the previous year.

What is the average import price for basic dyes and preparations based thereon in Nigeria?

The average basic dye import price stood at $4,791 per ton in 2020, shrinking by -12.9% against the previous year.

This report provides an in-depth analysis of the basic dye 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 20122130 - Basic dyes and preparations based thereon

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