Report Update Nov 1, 2024

Nigeria - Moulds for Glass - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Mould For Glass Market 2024

Mould For Glass Market Size in Nigeria

In 2021, the Nigerien mould for glass market decreased by -59.6% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, saw significant growth. Mould for glass consumption peaked at $X in 2020, and then declined markedly in the following year.

Mould For Glass Exports

Exports from Nigeria

In 2021, overseas shipments of moulds for glass were finally on the rise to reach X units after two years of decline. In general, exports, however, recorded a dramatic setback. The most prominent rate of growth was recorded in 2018 with an increase of 6,229% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, mould for glass exports soared to $X in 2021. Overall, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 4,515%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X units) was the main destination for mould for glass exports from Nigeria, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Italy amounted to -25.8%.

In value terms, Italy ($X) also remains the key foreign market for moulds for glass exports from Nigeria.

From 2012 to 2021, the average annual growth rate of value to Italy totaled -16.7%.

Export Prices by Country

In 2021, the average mould for glass export price amounted to $X per unit, which is down by -6.6% against the previous year. Overall, the export price, however, saw a prominent increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 776% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Italy.

From 2012 to 2021, the rate of growth in terms of prices for Italy amounted to +12.2% per year.

Mould For Glass Imports

Imports into Nigeria

In 2021, overseas purchases of moulds for glass decreased by -59.5% to X units for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 376%. Over the period under review, imports attained the maximum at X units in 2020, and then reduced notably in the following year.

In value terms, mould for glass imports shrank markedly to $X in 2021. In general, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 312% against the previous year. As a result, imports attained the peak of $X, and then declined significantly in the following year.

Imports by Country

In 2021, China (X units) constituted the largest supplier of mould for glass to Nigeria, with a 87% share of total imports. It was followed by Italy (X units), with a 2.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +34.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+19.2% per year) and Belgium (-0.9% per year).

In value terms, China ($X) constituted the largest supplier of moulds for glass to Nigeria, comprising 57% of total imports. The second position in the ranking was taken by Italy ($X), with a 9.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+18.5% per year) and Belgium (-6.1% per year).

Import Prices by Country

In 2021, the average mould for glass import price amounted to $X per unit, approximately mirroring the previous year. In general, the import price continues to indicate a abrupt descent. The growth pace was the most rapid in 2014 when the average import price increased by 54% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for moulds for glass in the world?

The countries with the highest volumes of mould for glass consumption in 2020 were Morocco, the United States and Germany, with a combined 27% share of global consumption.

What are the largest producers of moulds for glass in the world?

The countries with the highest volumes of mould for glass production in 2020 were China, Slovenia and Italy, together accounting for 67% of global production. These countries were followed by Croatia, Poland, Turkey and Taiwan Chinese), which together accounted for a further 24%.

What are the leading suppliers of moulds for glass to Nigeria?

In value terms, China constituted the largest supplier of mould for glass to Nigeria, comprising 91% of total imports. The second position in the ranking was occupied by Belgium, with a 5.3% share of total imports. It was followed by Italy, with a 1.8% share.

What is the average export price for moulds for glass in Nigeria?

In 2020, the average mould for glass export price amounted to $7.6 per unit, declining by -61.4% against the previous year.

What is the average import price for moulds for glass in Nigeria?

The average mould for glass import price stood at $19 per unit in 2020, dropping by -6.5% against the previous year.

This report provides an in-depth analysis of the mould for glass market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25735050 - Moulds for glass

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023