Nigeria: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in Nigeria

The Nigerien leather sports gloves market dropped significantly to $X in 2022, which is down by -84% 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, however, recorded strong growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Leather Sports Gloves Exports

Exports from Nigeria

After two years of growth, shipments abroad of leather sports gloves, mittens and mitts decreased by -45.7% to X units in 2022. Over the period under review, exports recorded a dramatic contraction. The growth pace was the most rapid in 2016 with an increase of 335% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, leather sports gloves exports shrank to $X in 2022. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 428% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Philippines (X units) was the main destination for leather sports gloves exports from Nigeria, accounting for a 76% share of total exports. Moreover, leather sports gloves exports to the Philippines exceeded the volume sent to the second major destination, Ireland (X units), tenfold. Ghana (X units) ranked third in terms of total exports with a 4% share.

From 2012 to 2022, the average annual growth rate of volume to the Philippines stood at -21.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (0.0% per year) and Ghana (-35.8% per year).

In value terms, the Philippines ($X) remains the key foreign market for leather sports gloves, mittens and mitts exports from Nigeria, comprising 76% of total exports. The second position in the ranking was held by Ghana ($X), with a 7.9% share of total exports. It was followed by Ireland, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Philippines stood at -17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (-15.0% per year) and Ireland (0.0% per year).

Export Prices by Country

The average leather sports gloves export price stood at $X per unit in 2022, with an increase of 64% against the previous year. In general, the export price saw strong growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 113%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 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 Ghana ($X per unit), while the average price for exports to Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+32.4%), while the prices for the other major destinations experienced mixed trend patterns.

Leather Sports Gloves Imports

Imports into Nigeria

In 2022, approx. X units of leather sports gloves, mittens and mitts were imported into Nigeria; dropping by -83.3% against the year before. Overall, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by 765%. Over the period under review, imports attained the maximum at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, leather sports gloves imports shrank significantly to $X in 2022. Over the period under review, imports, however, posted a measured expansion. The pace of growth appeared the most rapid in 2020 with an increase of 325% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest leather sports gloves supplier to Nigeria, with a 68% share of total imports. Moreover, leather sports gloves imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), sevenfold. The third position in this ranking was taken by Spain (X units), with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled +171.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-9.1% per year) and Spain (+15.6% per year).

In value terms, the largest leather sports gloves suppliers to Nigeria were the Netherlands ($X), Spain ($X) and China ($X), together comprising 75% of total imports.

The Netherlands, with a CAGR of +146.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average leather sports gloves import price amounted to $X per unit, reducing by -36.9% against the previous year. Overall, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 an increase of 311%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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