Nigeria: Market for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap 2024

Market Size for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Nigeria

The Nigerien market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap surged to $X in 2021, jumping by 17% against the previous year. In general, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -13.7% against 2019 indices. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Nigeria

In value terms, production of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap surged to $X in 2021 estimated in export price. In general, production, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 41% against the previous year. Over the period under review, production of attained the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Exports from Nigeria

After two years of decline, shipments abroad of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap increased by 371% to X tons in 2021. Overall, exports, however, saw a sharp curtailment. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap skyrocketed to $X in 2021. Over the period under review, exports, however, saw a precipitous decline. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Niger (X tons), Ghana (X tons) and Mali (X tons) were the main destinations of exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from Nigeria, together comprising 75% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mali (with a CAGR of +91.3%), while the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) remains the key foreign market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap exports from Nigeria, comprising 45% of total exports. The second position in the ranking was taken by Togo ($X), with an 18% share of total exports. It was followed by Niger, with a 16% share.

From 2012 to 2021, the average annual growth rate of value to Ghana totaled -40.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (-19.7% per year) and Niger (-6.8% per year).

Export Prices by Country

The average export price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap stood at $X per ton in 2021, falling by -21.5% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2014 when the average export price increased by 201% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chad (+68.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Imports into Nigeria

In 2021, overseas purchases of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap decreased by -21.4% to X tons, falling for the second consecutive year after two years of growth. In general, imports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 227%. Over the period under review, imports of hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap contracted dramatically to $X in 2021. Overall, imports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 147%. Over the period under review, imports of attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Cote d'Ivoire (X tons), the United Arab Emirates (X tons) and China (X tons) were the main suppliers of imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to Nigeria, together accounting for 74% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +16.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap suppliers to Nigeria were Cote d'Ivoire ($X), the United Arab Emirates ($X) and China ($X), with a combined 66% share of total imports. These countries were followed by the United States, Taiwan (Chinese), South Korea and Angola, which together accounted for a further 6%.

Taiwan (Chinese), with a CAGR of +15.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap stood at $X per ton in 2021, growing by 1.7% against the previous year. Over the period under review, the import price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 68%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Angola ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+30.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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