Nigeria: Market for Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa in Nigeria

The Nigerien market for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa contracted dramatically to $X in 2021, reducing by -43.2% 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). Overall, consumption, however, continues to indicate a significant expansion. Consumption of peaked at $X in 2020, and then reduced dramatically in the following year.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa

Exports from Nigeria

In 2021, shipments abroad of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa decreased by -9% to X tons, falling for the third year in a row after two years of growth. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2013 with an increase of 9,715% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa reduced dramatically to $X in 2021. Over the period under review, exports recorded a mild setback. The growth pace was the most rapid in 2013 when exports increased by 2,441%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Niger (X tons) was the main destination for exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa from Nigeria, accounting for a 93% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa to Niger exceeded the volume sent to the second major destination, Benin (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Niger amounted to +21.0%.

In value terms, Niger ($X) remains the key foreign market for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa exports from Nigeria, comprising 75% of total exports. The second position in the ranking was taken by Benin ($X), with a 1.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Niger stood at +2.5%.

Export Prices by Country

The average export price for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa stood at $X per ton in 2021, which is down by -10.6% against the previous year. Over the period under review, the export price showed a deep reduction. The pace of growth was the most pronounced in 2016 when the average export price increased by 17%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Niger ($X per ton), while the average price for exports to Benin amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Niger (-15.3%).

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa

Imports into Nigeria

In 2021, the amount of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa imported into Nigeria shrank dramatically to X tons, waning by -43.1% compared with 2020 figures. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 454% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2020, and then fell rapidly in the following year.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa shrank significantly to $X in 2021. In general, imports faced a abrupt setback. The pace of growth was the most pronounced in 2014 when imports increased by 1,041% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest supplier of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa to Nigeria, with a 75% share of total imports. Moreover, imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa from Japan exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. France (X tons) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan stood at +131.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+142.9% per year) and France (+264.6% per year).

In value terms, Japan ($X) constituted the largest supplier of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa to Nigeria, comprising 74% of total imports. The second position in the ranking was held by China ($X), with a 7.8% share of total imports. It was followed by the United States, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to +39.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+36.4% per year) and the United States (+6.3% per year).

Import Prices by Country

The average import price for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa stood at $X per ton in 2021, dropping by -68.8% against the previous year. Overall, the import price showed a significant decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by 819%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 the UK ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (-9.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :