Nigeria: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2025

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Nigeria

In 2022, the Nigerien market for floor, wall or ceiling coverings of plastics decreased by -17.6% to $X, falling for the second year in a row after three years of growth. In general, consumption recorded a deep reduction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Nigeria

Exports of floor, wall or ceiling coverings of plastics from Nigeria skyrocketed to X square meters in 2022, picking up by 15% against the previous year's figure. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 490%. As a result, the exports reached the peak of X square meters. From 2017 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of floor, wall or ceiling coverings of plastics surged to $X in 2022. In general, exports recorded a resilient expansion. The growth pace was the most rapid in 2019 when exports increased by 583% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Cameroon (X square meters) was the main destination for exports of floor, wall or ceiling coverings of plastics from Nigeria, accounting for a 72% share of total exports. Moreover, exports of floor, wall or ceiling coverings of plastics to Cameroon exceeded the volume sent to the second major destination, Niger (X square meters), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cameroon amounted to +89.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+0.4% per year) and Benin (+49.9% per year).

In value terms, the largest markets for plastic floor, wall and ceiling coverings exported from Nigeria were Cameroon ($X), Benin ($X) and Niger ($X), together accounting for 90% of total exports.

Cameroon, with a CAGR of +57.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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 floor, wall or ceiling coverings of plastics amounted to $X per square meter, growing by 2.1% against the previous year. In general, the export price, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 an increase of 114% against the previous year. The export price peaked at $X per square meter in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($X per square meter), while the average price for exports to Cameroon ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Nigeria

In 2022, purchases abroad of floor, wall or ceiling coverings of plastics decreased by -30.4% to X square meters, falling for the second consecutive year after four years of growth. Over the period under review, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of 75%. Over the period under review, imports of reached the maximum at X square meters in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, imports of floor, wall or ceiling coverings of plastics surged to $X in 2022. In general, imports recorded a deep downturn. The growth pace was the most rapid in 2020 with an increase of 63%. Over the period under review, imports of attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest plastic floor, wall and ceiling coverings supplier to Nigeria, with a 88% share of total imports. Moreover, imports of floor, wall or ceiling coverings of plastics from China exceeded the figures recorded by the second-largest supplier, Thailand (X square meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-10.3% per year) and Malaysia (+3.1% per year).

In value terms, China ($X) constituted the largest supplier of floor, wall or ceiling coverings of plastics to Nigeria, comprising 84% of total imports. The second position in the ranking was taken by Thailand ($X), with a 3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-17.8% per year) and Malaysia (-6.5% per year).

Import Prices by Country

The average import price for floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, with an increase of 72% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per square meter in 2016; however, from 2017 to 2022, import prices stood 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 China ($X per square meter), while the price for Thailand ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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