Report Update Nov 1, 2024

Nigeria - Direct Dyes and Preparations Based Thereon - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Direct Dye Market 2024

Direct Dye Market Size in Nigeria

In 2021, the Nigerien direct dye market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption enjoyed a remarkable increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Direct Dye Exports

Exports from Nigeria

In 2021, direct dye exports from Nigeria shrank markedly to X kg, dropping by -69.7% on the previous year. In general, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 1,500% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, direct dye exports reduced notably to $X in 2021. Overall, exports, however, continue to indicate a tangible expansion. The pace of growth was the most pronounced in 2014 with an increase of 892%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Benin (X kg), Niger (X kg) and Ghana (X kg) were the main destinations of direct dye exports from Nigeria.

From 2012 to 2021, the biggest increases were recorded for Niger (with a CAGR of +42.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Niger ($X) remains the key foreign market for direct dyes and preparations based thereon exports from Nigeria, comprising 54% of total exports. The second position in the ranking was taken by Ghana ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Niger totaled +47.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (-9.5% per year) and Benin (+25.4% per year).

Export Prices by Country

In 2021, the average direct dye export price amounted to $X per ton, increasing by 23% against the previous year. Overall, the export price, however, continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when the average export price increased by 48% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to Benin ($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 Ghana (+10.0%), while the prices for the other major destinations experienced mixed trend patterns.

Direct Dye Imports

Imports into Nigeria

After two years of decline, purchases abroad of direct dyes and preparations based thereon increased by 274% to X tons in 2021. In general, imports showed a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of 650% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, direct dye imports soared to $X in 2021. Overall, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2016 when imports increased by 442%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Thailand (X tons) and Belgium (X tons) were the main suppliers of direct dye imports to Nigeria, with a combined 67% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +84.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constituted the largest supplier of direct dyes and preparations based thereon to Nigeria, comprising 36% of total imports. The second position in the ranking was taken by China ($X), with a 6.8% share of total imports. It was followed by Spain, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand amounted to +78.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+80.1% per year) and Spain (-15.0% per year).

Import Prices by Country

The average direct dye import price stood at $X per ton in 2021, increasing by 29% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 68% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for direct dyes and preparations based thereon in the world?

China remains the largest direct dye consuming country worldwide, comprising approx. 25% of total volume. Moreover, direct dye consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with an 8.8% share.

What are the largest producers of direct dyes and preparations based thereon in the world?

The countries with the highest volumes of direct dye production in 2020 were China, India and the United States, together accounting for 53% of global production. Indonesia, Spain, Pakistan, Brazil, Japan, Nigeria, Mexico, the UK and Turkey lagged somewhat behind, together accounting for a further 30%.

What are the leading suppliers of direct dyes and preparations based thereon to Nigeria?

In value terms, China constituted the largest supplier of direct dye to Nigeria, comprising 86% of total imports. The second position in the ranking was occupied by India, with a 12% share of total imports.

What are the leading importers of direct dyes and preparations based thereon from Nigeria?

In value terms, Ghana remains the key foreign market for direct dye exports from Nigeria.

What is the average export price for direct dyes and preparations based thereon in Nigeria?

The average direct dye export price stood at $714 per ton in 2020, growing by 10% against the previous year.

What is the average import price for direct dyes and preparations based thereon in Nigeria?

The average direct dye import price stood at $2,214 per ton in 2020, reducing by -60.6% against the previous year.

This report provides an in-depth analysis of the direct dye market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20122140 - Direct dyes and preparations based thereon

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023