Nigeria: Market for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Nigeria

The Nigerien market for flexible tubes, pipes and hoses of plastics, with fittings skyrocketed to $X in 2022, growing by 153% 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). Over the period under review, consumption showed a significant expansion. Consumption of peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Exports from Nigeria

In 2022, exports of flexible tubes, pipes and hoses of plastics, with fittings from Nigeria fell dramatically to X kg, declining by -71% compared with the previous year. Over the period under review, exports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 831%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with fittings reduced markedly to $X in 2022. Overall, exports faced a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 652%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X kg) was the main destination for exports of flexible tubes, pipes and hoses of plastics, with fittings from Nigeria, accounting for a 68% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, with fittings to the United States exceeded the volume sent to the second major destination, Niger (X kg), threefold. Ghana (X kg) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at -3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (-2.6% per year) and Ghana (+4.3% per year).

In value terms, the United States ($X) remains the key foreign market for flexible tubes, pipes and hoses of plastics, with fittings exports from Nigeria, comprising 96% of total exports. The second position in the ranking was held by Ghana ($X), with a 2.1% share of total exports. It was followed by Cote d'Ivoire, with a 0.9% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled -10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+5.7% per year) and Cote d'Ivoire (-26.0% per year).

Export Prices by Country

The average export price for flexible tubes, pipes and hoses of plastics, with fittings stood at $X per ton in 2022, surging by 95% against the previous year. In general, the export price, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2019 when the average export price increased by 137%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, 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 the United States ($X per ton), while the average price for exports to Niger ($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 Ghana (+1.3%), while the prices for the other major destinations experienced a decline.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Imports into Nigeria

In 2022, imports of flexible tubes, pipes and hoses of plastics, with fittings into Nigeria surged to X tons, with an increase of 166% compared with 2021. Over the period under review, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 267% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with fittings soared to $X in 2022. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 241%. Imports peaked at $X in 2020; afterwards, it flattened through to 2022.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of flexible tubes, pipes and hoses of plastics, with fittings to Nigeria, accounting for a 89% share of total imports. It was followed by Brazil (X tons), with a 2.8% share of total imports. The third position in this ranking was held by the United Arab Emirates (X tons), with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +102.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+13.2% per year) and the United Arab Emirates (+15.4% per year).

In value terms, China ($X) constituted the largest supplier of flexible tubes, pipes and hoses of plastics, with fittings to Nigeria, comprising 58% of total imports. The second position in the ranking was taken by Brazil ($X), with a 13% share of total imports. It was followed by the United Arab Emirates, with a 2.1% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +96.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+15.0% per year) and the United Arab Emirates (+18.8% per year).

Import Prices by Country

The average import price for flexible tubes, pipes and hoses of plastics, with fittings stood at $X per ton in 2022, dropping by -47.5% against the previous year. In general, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 79%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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