Nigeria: Market for Float Glass And Surface Ground or Polished Glass 2025

Market Size for Float Glass And Surface Ground or Polished Glass in Nigeria

The Nigerien market for float glass and surface ground or polished glass rose to $X in 2022, increasing by X% against the previous year. In general, consumption continues to indicate a buoyant increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Float Glass And Surface Ground or Polished Glass in Nigeria

In value terms, production of float glass and surface ground or polished glass totaled $X in 2022 estimated in export price. Overall, production showed a prominent increase. The growth pace was the most rapid in 2017 with an increase of X%. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Float Glass And Surface Ground or Polished Glass

Exports from Nigeria

In 2022, the amount of float glass and surface ground or polished glass exported from Nigeria skyrocketed to X square meters, jumping by X% compared with 2021. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of float glass and surface ground or polished glass soared to $X in 2022. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Ghana (X square meters), Cote d'Ivoire (X square meters) and Morocco (X square meters) were the main destinations of exports of float glass and surface ground or polished glass from Nigeria, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Cote d'Ivoire ($X) and Morocco ($X) appeared to be the largest markets for float glass and surface ground or polished glass exported from Nigeria worldwide, together accounting for X% of total exports.

Among the main countries of destination, Cote d'Ivoire, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for float glass and surface ground or polished glass amounted to $X per square meter, with an increase of X% against the previous year. Over the period under review, the export price posted pronounced growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Kenya ($X per square meter) and Ghana ($X per square meter), while the average price for exports to Cameroon ($X per square meter) and Morocco ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Float Glass And Surface Ground or Polished Glass

Imports into Nigeria

For the third year in a row, Nigeria recorded decline in supplies from abroad of float glass and surface ground or polished glass, which decreased by X% to X square meters in 2022. Over the period under review, imports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at X square meters in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, imports of float glass and surface ground or polished glass reduced sharply to $X in 2022. In general, imports faced a precipitous descent. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of float glass and surface ground or polished glass to Nigeria, with a X% share of total imports. Moreover, imports of float glass and surface ground or polished glass from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X square meters), eightfold. The third position in this ranking was held by Denmark (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Denmark (X% per year).

In value terms, China ($X) constituted the largest supplier of float glass and surface ground or polished glass to Nigeria, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with an X% share of total imports. It was followed by Denmark, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Denmark (X% per year).

Import Prices by Country

In 2022, the average import price for float glass and surface ground or polished glass amounted to $X per square meter, with an increase of X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Saudi Arabia ($X per square meter) and China ($X per square meter), while the price for the United Arab Emirates ($X per square meter) and Denmark ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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