Nigeria: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2022

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Nigeria

The Nigerien bedding and furnishing article market soared to $X in 2021, growing by 173% 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 saw prominent growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports from Nigeria

In 2021, after two years of decline, there was significant growth in shipments abroad of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows), when their volume increased by 49% to X tons. Overall, exports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of 188%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, bedding and furnishing article exports surged to $X in 2021. Over the period under review, exports continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2018 with an increase of 129%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Niger (X tons), Benin (X tons) and the United States (X tons) were the main destinations of bedding and furnishing article exports from Nigeria, together comprising 86% of total exports. Kenya, Mozambique, Ethiopia and Togo lagged somewhat behind, together accounting for a further 8.1%.

From 2012 to 2021, the biggest increases were in Kenya (with a CAGR of +98.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for bedding and furnishing article exports from Nigeria, comprising 50% of total exports. The second position in the ranking was held by Niger ($X), with an 18% share of total exports. It was followed by Kenya, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+32.6% per year) and Kenya (+71.6% per year).

Export Prices by Country

The average bedding and furnishing article export price stood at $X per ton in 2021, growing by 42% against the previous year. In general, the export price saw strong growth. The growth pace was the most rapid in 2014 when the average export price increased by 141%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Benin ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Togo (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports into Nigeria

Bedding and furnishing article imports into Nigeria soared to X tons in 2021, rising by 168% compared with the previous year's figure. Overall, imports posted a prominent expansion. The growth pace was the most rapid in 2018 when imports increased by 1,078% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, bedding and furnishing article imports skyrocketed to $X in 2021. In general, imports saw prominent growth. The growth pace was the most rapid in 2018 when imports increased by 608% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest bedding and furnishing article supplier to Nigeria, accounting for a 51% share of total imports. Moreover, bedding and furnishing article imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The United Arab Emirates (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+45.7% per year) and the United Arab Emirates (+24.0% per year).

In value terms, China ($X) constituted the largest supplier of bedding and furnishing article to Nigeria, comprising 60% of total imports. The second position in the ranking was held by South Africa ($X), with an 11% share of total imports. It was followed by the United Arab Emirates, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+57.6% per year) and the United Arab Emirates (+27.6% per year).

Import Prices by Country

The average bedding and furnishing article import price stood at $X per ton in 2021, waning by -24.1% against the previous year. Over the period under review, the import price, however, posted a resilient expansion. The growth pace was the most rapid in 2013 an increase of 74%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform