Nigeria: Market for Other Plastic Tubes, Pipes and Hoses 2024

Market Size for Other Plastic Tubes, Pipes and Hoses in Nigeria

The Nigerien market for other plastic tubes, pipes and hoses surged to $X in 2022, growing by 253% 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 showed a slight increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Other Plastic Tubes, Pipes and Hoses

Exports from Nigeria

Exports of other plastic tubes, pipes and hoses from Nigeria fell rapidly to X tons in 2022, dropping by -80% compared with the previous year's figure. Overall, exports saw a perceptible decline. The growth pace was the most rapid in 2021 with an increase of 556% against the previous year. As a result, the exports reached the peak of X tons, and then dropped rapidly in the following year.

In value terms, exports of other plastic tubes, pipes and hoses shrank dramatically to $X in 2022. Over the period under review, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 344% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso (X tons), Gambia (X tons) and Ghana (X tons) were the main destinations of exports of other plastic tubes, pipes and hoses from Nigeria, together accounting for 81% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Burkina Faso (with a CAGR of +22.5%), while the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) emerged as the key foreign market for other plastic tubes, pipes and hoses exports from Nigeria, comprising 73% of total exports. The second position in the ranking was taken by Ghana ($X), with a 19% share of total exports. It was followed by Burkina Faso, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cote d'Ivoire stood at +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (-12.2% per year) and Burkina Faso (+17.2% per year).

Export Prices by Country

The average export price for other plastic tubes, pipes and hoses stood at $X per ton in 2022, surging by 207% against the previous year. Overall, the export price, however, saw a noticeable decline. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a 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 Cote d'Ivoire ($X per ton), while the average price for exports to Gambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Plastic Tubes, Pipes and Hoses

Imports into Nigeria

In 2022, the amount of other plastic tubes, pipes and hoses imported into Nigeria skyrocketed to X tons, rising by 246% against 2021. Overall, imports saw a temperate expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of other plastic tubes, pipes and hoses skyrocketed to $X in 2022. In general, imports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 195%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main supplier of other plastic tubes, pipes and hoses to Nigeria, with a 96% share of total imports. It was followed by India (X tons), with a 1.4% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-15.0% per year) and the United Arab Emirates (-35.4% per year).

In value terms, China ($X) constituted the largest supplier of other plastic tubes, pipes and hoses to Nigeria, comprising 80% of total imports. The second position in the ranking was taken by India ($X), with a 4.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-19.9% per year) and the United Arab Emirates (-39.5% per year).

Import Prices by Country

In 2022, the average import price for other plastic tubes, pipes and hoses amounted to $X per ton, waning by -55.1% against the previous year. In general, the import price saw a deep setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 57% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-5.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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