Nigeria: Market for Plastic Shutters And Blinds 2025

Market Size for Plastic Shutters And Blinds in Nigeria

The Nigerien plastic shutters and blinds market surged to $X in 2022, picking up by 123% 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). Overall, consumption saw a significant expansion. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Exports of Plastic Shutters And Blinds

Exports from Nigeria

In 2022, exports of plastic shutters and blinds from Nigeria expanded modestly to X units, increasing by 4.3% against 2021. In general, exports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 1,029% against the previous year. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic shutters and blinds exports surged to $X in 2022. Over the period under review, exports, however, faced a sharp contraction. The growth pace was the most rapid in 2020 when exports increased by 2,118%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Benin (X units) was the main destination for plastic shutters and blinds exports from Nigeria, with a 96% share of total exports. It was followed by Niger (X units), with a 2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Benin stood at -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (-12.9% per year) and Canada (0.0% per year).

In value terms, the largest markets for plastic shutters and blinds exported from Nigeria were Cote d'Ivoire ($X), Benin ($X) and Niger ($X), with a combined 96% share of total exports.

Benin, with a CAGR of +0.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average plastic shutters and blinds export price amounted to $X per unit, picking up by 56% against the previous year. Over the period under review, the export price, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 85%. The export price peaked at $X per unit 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to Canada ($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 Cote d'Ivoire (+57.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Shutters And Blinds

Imports into Nigeria

In 2022, the amount of plastic shutters and blinds imported into Nigeria skyrocketed to X units, picking up by 120% against 2021. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 339% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, plastic shutters and blinds imports skyrocketed to $X in 2022. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 273%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main supplier of plastic shutters and blinds to Nigeria, accounting for a approx. 96% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +50.0%.

In value terms, China ($X) constituted the largest supplier of plastic shutters and blinds to Nigeria.

From 2012 to 2022, the average annual growth rate of value from China totaled +51.6%.

Import Prices by Country

The average plastic shutters and blinds import price stood at $X per unit in 2022, rising by 8.1% against the previous year. Overall, the import price, however, showed a deep contraction. The pace of growth was the most pronounced in 2021 when the average import price increased by 57% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.1% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :