Nigeria: Plastic Household Ware Market 2024

Plastic Household Ware Market Size in Nigeria

The Nigerien plastic household ware market contracted to $X in 2021, waning by -13.8% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Plastic household ware consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Plastic Household Ware Production in Nigeria

In value terms, plastic household ware production contracted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +19.1% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 47% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Plastic Household Ware Exports

Exports from Nigeria

In 2021, after two years of growth, there was significant decline in shipments abroad of plastics household articles and toilet articles, when their volume decreased by -47.5% to X tons. In general, exports recorded a deep reduction. The pace of growth was the most pronounced in 2020 when exports increased by 1,036% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, plastic household ware exports dropped to $X in 2021. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 468% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Togo (X tons) was the main destination for plastic household ware exports from Nigeria, accounting for a 82% share of total exports. Moreover, plastic household ware exports to Togo exceeded the volume sent to the second major destination, Mali (X tons), sevenfold. Cameroon (X tons) ranked third in terms of total exports with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Togo amounted to +39.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (-21.8% per year) and Cameroon (-14.5% per year).

In value terms, Togo ($X) emerged as the key foreign market for plastics household articles and toilet articles exports from Nigeria, comprising 76% of total exports. The second position in the ranking was taken by Mali ($X), with a 10% share of total exports. It was followed by Cameroon, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value to Togo amounted to +59.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (-20.7% per year) and Cameroon (-13.1% per year).

Export Prices by Country

The average plastic household ware export price stood at $X per ton in 2021, increasing by 78% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 138% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Cameroon ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Togo (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Ware Imports

Imports into Nigeria

In 2021, after four years of growth, there was significant decline in overseas purchases of plastics household articles and toilet articles, when their volume decreased by -7.3% to X tons. Overall, imports, however, saw significant growth. The growth pace was the most rapid in 2018 with an increase of 183% against the previous year. Imports peaked at X tons in 2020, and then dropped in the following year.

In value terms, plastic household ware imports fell slightly to $X in 2021. Over the period under review, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by 98% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then fell slightly in the following year.

Imports by Country

The United States (X tons), China (X tons) and the UK (X tons) were the main suppliers of plastic household ware imports to Nigeria, together accounting for 82% of total imports. These countries were followed by the United Arab Emirates and Germany, which together accounted for a further 6.7%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +67.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic household ware suppliers to Nigeria were the United States ($X), China ($X) and the UK ($X), with a combined 69% share of total imports. The United Arab Emirates and Germany lagged somewhat behind, together accounting for a further 17%.

Germany, with a CAGR of +66.1%, 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 plastic household ware import price stood at $X per ton in 2021, picking up by 6.9% against the previous year. In general, the import price, however, continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2014 an increase of 50%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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