Nigeria: Paper Articles Market 2024

Paper Articles Market Size in Nigeria

The Nigerien paper articles market totaled $X in 2022, picking up by X% against the previous year. Over the period under review, consumption enjoyed a strong expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Paper Articles Production in Nigeria

In value terms, paper articles production rose significantly to $X in 2022 estimated in export price. Overall, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Paper articles production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Paper Articles Exports

Exports from Nigeria

In 2022, shipments abroad of boxes, pouches, wallets and writing compendiums of paper decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, paper articles exports reduced to $X in 2022. Overall, exports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2021, and then declined in the following year.

Exports by Country

India (X tons), Italy (X tons) and Benin (X tons) were the main destinations of paper articles exports from Nigeria, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for boxes, pouches, wallets and writing compendiums of paper exports from Nigeria, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and India (X% per year).

Export Prices by Country

The average paper articles export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

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

Paper Articles Imports

Imports into Nigeria

In 2022, approx. X tons of boxes, pouches, wallets and writing compendiums of paper were imported into Nigeria; falling by X% on 2021. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then reduced markedly in the following year.

In value terms, paper articles imports shrank significantly to $X in 2022. Overall, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped significantly in the following year.

Imports by Country

In 2022, South Korea (X tons) constituted the largest supplier of paper articles to Nigeria, accounting for a X% share of total imports. Moreover, paper articles imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume from South Korea amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the UK (X% per year).

In value terms, South Korea ($X) constituted the largest supplier of boxes, pouches, wallets and writing compendiums of paper to Nigeria, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and China (X% per year).

Import Prices by Country

The average paper articles import price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the import price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then contracted in the following year.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :