Nigeria: Market for Paper And Paperboard, Excluding Newsprint 2024

Market Size for Paper And Paperboard, Excluding Newsprint in Nigeria

The Nigerien market for paper and paperboard, excluding newsprint rose sharply to $X in 2022, with an increase of X% against the previous year. In general, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Paper And Paperboard, Excluding Newsprint in Nigeria

In value terms, paper and paperboard, excluding newsprint production expanded significantly to $X in 2022 estimated in export price. In general, production saw a modest increase. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Paper And Paperboard, Excluding Newsprint

Exports from Nigeria

In 2022, shipments abroad of paper and paperboard, excluding newsprint decreased by X% to X tons, falling for the third consecutive year after three years of growth. Overall, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, paper and paperboard, excluding newsprint exports fell to $X in 2022. Over the period under review, exports, however, saw strong growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Ghana (X tons) was the main destination for paper and paperboard, excluding newsprint exports from Nigeria, with a X% share of total exports. Moreover, paper and paperboard, excluding newsprint exports to Ghana exceeded the volume sent to the second major destination, Senegal (X tons), sixfold. Benin (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ghana totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (X% per year) and Benin (X% per year).

In value terms, Ghana ($X) remains the key foreign market for paper and paperboard, excluding newsprint exports from Nigeria, comprising X% of total exports. The second position in the ranking was held by Liberia ($X), with a X% share of total exports. It was followed by Senegal, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ghana stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Liberia (X% per year) and Senegal (X% per year).

Export Prices by Country

In 2022, the average export price for paper and paperboard, excluding newsprint amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Liberia ($X per ton), while the average price for exports to Benin ($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 Liberia (X%), while the prices for the other major destinations experienced a decline.

Imports of Paper And Paperboard, Excluding Newsprint

Imports into Nigeria

In 2022, the amount of paper and paperboard, excluding newsprint imported into Nigeria contracted rapidly to X tons, with a decrease of X% compared with 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, paper and paperboard, excluding newsprint imports rose significantly to $X in 2022. Overall, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X tons), India (X tons) and Indonesia (X tons) were the main suppliers of paper and paperboard, excluding newsprint imports to Nigeria, with a combined X% share of total imports. Germany, Finland, the United States, Thailand, Sweden, France, Brazil, South Africa and Belgium lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest paper and paperboard, excluding newsprint suppliers to Nigeria were China ($X), India ($X) and Indonesia ($X), with a combined X% share of total imports. Germany, Finland, the United States, Brazil, Sweden, France, South Africa, Thailand and Belgium lagged somewhat behind, together accounting for a further X%.

Thailand, with a CAGR of X%, saw 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

The average import price for paper and paperboard, excluding newsprint stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached 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 Belgium ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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