Nigeria: Market for Bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened) 2025

Market Size for Bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened) in Nigeria

In 2021, after three years of growth, there was significant decline in the Nigerien market for bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s, when its value decreased by -50.2% to $X. Over the period under review, consumption, however, saw resilient growth. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of Bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)

Exports from Nigeria

In 2021, the amount of bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s exported from Nigeria rose remarkably to X kg, picking up by 9.5% compared with the year before. Over the period under review, exports, however, recorded a dramatic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 118% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s shrank sharply to $X in 2021. In general, exports, however, continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 142% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Benin (X kg) was the main destination for exports of bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s from Nigeria, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Benin totaled -18.5%.

In value terms, Benin ($X) emerged as the key foreign market for bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s exports from Nigeria.

From 2012 to 2021, the average annual rate of growth in terms of value to Benin totaled -9.1%.

Export Prices by Country

The average export price for bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s stood at $X per ton in 2021, dropping by -66.1% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 126%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Uganda amounted to +120.0% per year.

Imports of Bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)

Imports into Nigeria

In 2021, after three years of growth, there was significant decline in supplies from abroad of bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s, when their volume decreased by -46.1% to X tons. Overall, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2020 when imports increased by 284%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, imports of bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s fell markedly to $X in 2021. Over the period under review, imports, however, posted a prominent increase. The growth pace was the most rapid in 2020 with an increase of 394% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened) to Nigeria, with a 34% share of total imports. Moreover, imports of bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s from India exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India totaled +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.6% per year) and the United Arab Emirates (+15.6% per year).

In value terms, India ($X) constituted the largest supplier of bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s to Nigeria, comprising 38% of total imports. The second position in the ranking was taken by Greece ($X), with a 14% share of total imports. It was followed by the United Arab Emirates, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India stood at +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+11.0% per year) and the United Arab Emirates (+16.6% per year).

Import Prices by Country

The average import price for bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)s stood at $X per ton in 2021, dropping by -10.9% against the previous year. Overall, the import price saw a noticeable slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 29% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform