Nigeria: Market for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in Nigeria

The Nigerien market for flexible tubes, pipes and hoses of plastics, without fittings skyrocketed to $X in 2022, growing by 23% 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 strong expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Exports from Nigeria

In 2022, exports of flexible tubes, pipes and hoses of plastics, without fittings from Nigeria contracted sharply to X tons, waning by -33.4% compared with the previous year's figure. In general, exports faced a deep reduction. The pace of growth was the most pronounced in 2017 when exports increased by 274%. Over the period under review, the exports of reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of flexible tubes, pipes and hoses of plastics, without fittings reduced to $X in 2022. Overall, exports saw a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of 290%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X tons) was the main destination for exports of flexible tubes, pipes and hoses of plastics, without fittings from Nigeria, with a 72% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, without fittings to Cote d'Ivoire exceeded the volume sent to the second major destination, Cameroon (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cote d'Ivoire totaled +58.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cameroon (-25.6% per year) and Niger (+10.6% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for flexible tubes, pipes and hoses of plastics, without fittings exports from Nigeria, comprising 83% of total exports. The second position in the ranking was taken by Cameroon ($X), with a 7.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Cote d'Ivoire amounted to +34.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cameroon (-35.0% per year) and Niger (+10.3% per year).

Export Prices by Country

In 2022, the average export price for flexible tubes, pipes and hoses of plastics, without fittings amounted to $X per ton, increasing by 33% against the previous year. Over the period under review, the export price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of 83%. The export price peaked at $X per ton in 2012; however, from 2013 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 Cote d'Ivoire ($X per ton), while the average price for exports to Niger ($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 Niger (-0.3%), while the prices for the other major destinations experienced a decline.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Imports into Nigeria

In 2022, the amount of flexible tubes, pipes and hoses of plastics, without fittings imported into Nigeria skyrocketed to X tons, jumping by 38% on 2021 figures. Overall, imports posted buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 190% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of flexible tubes, pipes and hoses of plastics, without fittings amounted to $X in 2022. In general, imports showed a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 154% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of flexible tubes, pipes and hoses of plastics, without fittings to Nigeria, accounting for a 35% share of total imports. Moreover, imports of flexible tubes, pipes and hoses of plastics, without fittings from Indonesia exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. Saudi Arabia (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia stood at +27.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+7.3% per year) and Saudi Arabia (+8.3% per year).

In value terms, Indonesia ($X) constituted the largest supplier of flexible tubes, pipes and hoses of plastics, without fittings to Nigeria, comprising 35% of total imports. The second position in the ranking was held by Thailand ($X), with a 13% share of total imports. It was followed by Saudi Arabia, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia totaled +29.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+9.1% per year) and Saudi Arabia (+8.2% per year).

Import Prices by Country

In 2022, the average import price for flexible tubes, pipes and hoses of plastics, without fittings amounted to $X per ton, falling by -22.4% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 37%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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