Nigeria: Calendering Cylinder Market 2024

Calendering Cylinder Market Size in Nigeria

The Nigerien calendering cylinder market contracted rapidly to $X in 2021, shrinking by -43.8% 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 significant growth. Calendering cylinder consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Calendering Cylinder Exports

Exports from Nigeria

In 2021, approx. X units of cylinders for calendering were exported from Nigeria; growing by 238% compared with the year before. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 517%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, calendering cylinder exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 520% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Angola (X units) was the main destination for calendering cylinder exports from Nigeria, with a 9.9% share of total exports. Moreover, calendering cylinder exports to Angola exceeded the volume sent to the second major destination, Italy (X units), fourfold. The third position in this ranking was held by South Africa (X units), with a 1% share.

From 2012 to 2021, the average annual growth rate of volume to Angola was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+48.2% per year) and South Africa (+49.0% per year).

In value terms, South Africa ($X) emerged as the key foreign market for cylinders for calendering exports from Nigeria, comprising 11% of total exports. The second position in the ranking was held by Italy ($X), with a 4.2% share of total exports. It was followed by Angola, with a 0.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Africa amounted to +98.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+45.3% per year) and Angola (0.0% per year).

Export Prices by Country

The average calendering cylinder export price stood at $X per unit in 2021, rising by 36% against the previous year. Overall, the export price posted prominent growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 209%. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was South Africa ($X per unit), while the average price for exports to Angola ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+31.5%), while the prices for the other major destinations experienced a decline.

Calendering Cylinder Imports

Imports into Nigeria

In 2021, the amount of cylinders for calendering imported into Nigeria dropped notably to X units, declining by -44.2% against the previous year. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,120% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, calendering cylinder imports shrank notably to $X in 2021. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 1,961% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of calendering cylinder to Nigeria, accounting for a 73% share of total imports. Moreover, calendering cylinder imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fourfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +70.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+87.4% per year) and Germany (+64.1% per year).

In value terms, China ($X), India ($X) and Germany ($X) were the largest calendering cylinder suppliers to Nigeria, together comprising 59% of total imports.

India, with a CAGR of +104.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average calendering cylinder import price amounted to $X per unit, surging by 33% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt slump. The growth pace was the most rapid in 2013 when the average import price increased by 69%. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+14.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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