Nigeria: Curtains Market 2024

Curtains Market Size in Nigeria

The Nigerien curtains market was estimated at $X in 2022, growing by 9.7% 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). In general, consumption, however, saw a drastic downturn. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Curtains Exports

Exports from Nigeria

In 2022, the amount of curtains and interior blinds exported from Nigeria dropped rapidly to X square meters, reducing by -15.1% compared with the previous year. Over the period under review, exports continue to indicate a perceptible descent. The growth pace was the most rapid in 2021 when exports increased by 88%. Over the period under review, the exports hit record highs at X square meters in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, curtains exports shrank significantly to $X in 2022. Overall, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2014 when exports increased by 47%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Niger (X square meters), Benin (X square meters) and Togo (X square meters) were the main destinations of curtains exports from Nigeria, with a combined 78% share of total exports. Canada, Sao Tome and Principe, Ghana, Kenya and the United States lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sao Tome and Principe (with a CAGR of +36.9%), while the other leaders experienced more modest paces of growth.

In value terms, Niger ($X), Benin ($X) and the United States ($X) appeared to be the largest markets for curtains exported from Nigeria worldwide, together comprising 45% of total exports. Sao Tome and Principe, Ghana, Togo, Kenya and Canada lagged somewhat behind, together comprising a further 31%.

Among the main countries of destination, Sao Tome and Principe, with a CAGR of +49.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average curtains export price stood at $X per square meter in 2022, remaining constant against the previous year. Overall, the export price saw a mild contraction. The most prominent rate of growth was recorded in 2016 an increase of 95% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Canada ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.

Curtains Imports

Imports into Nigeria

Curtains imports into Nigeria rose significantly to X square meters in 2022, with an increase of 6.3% on 2021. Overall, imports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 142%. Over the period under review, imports hit record highs at X square meters in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, curtains imports surged to $X in 2022. Over the period under review, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by 633% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X square meters), Vietnam (X square meters) and Turkey (X square meters) were the main suppliers of curtains imports to Nigeria, with a combined 96% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +10.2%), while imports for the other leaders experienced a decline.

In value terms, Vietnam ($X) constituted the largest supplier of curtains and interior blinds to Nigeria, comprising 79% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by Turkey, with a 0.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Vietnam totaled +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.1% per year) and Turkey (+10.0% per year).

Import Prices by Country

The average curtains import price stood at $X per square meter in 2022, increasing by 17% against the previous year. In general, the import price saw significant growth. The growth pace was the most rapid in 2015 an increase of 687% against the previous year. Over the period under review, average import prices attained the maximum at $X per square meter in 2019; however, from 2020 to 2022, 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 Vietnam ($X per square meter), while the price for Turkey ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+32.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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