Nigeria: Market for Mattresses of cellular rubber or plastics 2024

Market Size for Mattresses of cellular rubber or plastics in Nigeria

After three years of growth, the Nigerien market for mattresses of cellular rubber or plastics decreased by -1.5% to $X in 2022. The market value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Mattresses of cellular rubber or plastics in Nigeria

In value terms, production of mattresses of cellular rubber or plastics declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the production volume increased by 34% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production of growth failed to regain momentum.

Exports of Mattresses of cellular rubber or plastics

Exports from Nigeria

After three years of decline, overseas shipments of mattresses of cellular rubber or plastics increased by 6.5% to X units in 2022. Over the period under review, total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -30.3% against 2018 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 71%. Over the period under review, the exports of attained the maximum at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of mattresses of cellular rubber or plastics rose modestly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 44%. Over the period under review, the exports of hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Niger (X units) was the main destination for exports of mattresses of cellular rubber or plastics from Nigeria, accounting for a 94% share of total exports. It was followed by Benin (X units), with a 2.7% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Niger stood at +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+14.9% per year) and Ghana (-36.0% per year).

In value terms, Niger ($X) remains the key foreign market for mattresses of cellular rubber or plastics exports from Nigeria, comprising 95% of total exports. The second position in the ranking was taken by Benin ($X), with a 2.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Niger stood at +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+17.1% per year) and Ghana (-38.0% per year).

Export Prices by Country

The average export price for mattresses of cellular rubber or plastics stood at $X per unit in 2022, shrinking by -1.6% against the previous year. In general, the export price recorded a mild shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 50% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Benin ($X per unit), while the average price for exports to Ghana ($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 Benin (+1.9%), while the prices for the other major destinations experienced a decline.

Imports of Mattresses of cellular rubber or plastics

Imports into Nigeria

In 2022, overseas purchases of mattresses of cellular rubber or plastics increased by 7.4% to X units, rising for the second consecutive year after two years of decline. In general, imports posted a tangible increase. The growth pace was the most rapid in 2016 with an increase of 575%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of mattresses of cellular rubber or plastics surged to $X in 2022. Overall, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 when imports increased by 660%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Denmark (X units) constituted the largest supplier of mattresses of cellular rubber or plastics to Nigeria, with a 59% share of total imports. Moreover, imports of mattresses of cellular rubber or plastics from Denmark exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. The third position in this ranking was held by Turkey (X units), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Denmark totaled +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.1% per year) and Turkey (+5.6% per year).

In value terms, Italy ($X), Denmark ($X) and Turkey ($X) were the largest mattresses of cellular rubber or plastics suppliers to Nigeria, together accounting for 47% of total imports. China, the United Arab Emirates and India lagged somewhat behind, together accounting for a further 11%.

India, with a CAGR of +22.7%, recorded the highest growth rate of 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 import price for mattresses of cellular rubber or plastics amounted to $X per unit, rising by 74% against the previous year. Over the period under review, the import price recorded buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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