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Report Nigeria - Polyvinyl Chloride in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Nigeria - Polyvinyl Chloride in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Nigeria

For the fourth year in a row, the Nigerien polyvinyl chloride market recorded growth in sales value, which increased by 33% to $X in 2022. In general, consumption, however, saw a strong expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the near future.

Polyvinyl Chloride Exports

Exports from Nigeria

In 2022, polyvinyl chloride exports from Nigeria totaled X tons, approximately equating 2021. Over the period under review, exports saw a deep contraction. The smallest decline of 99.9% was in 2019. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, polyvinyl chloride exports totaled $X in 2022. Overall, exports continue to indicate a deep setback. The smallest decline of 99.9% was in 2019. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Benin (X tons), Guatemala (X tons) and Ghana (X tons) were the main destinations of polyvinyl chloride exports from Nigeria, with a combined 100% share of total exports.

From 2014 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

From 2014 to 2022, the average annual growth rate of value to Benin was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (0.0% per year) and Ghana (-29.6% per year).

Export Prices by Country

The average polyvinyl chloride export price stood at $X per ton in 2022, approximately equating the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price decreased by 99.9%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Benin ($X per ton), while the average price for exports to Ghana ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (-23.4%).

Polyvinyl Chloride Imports

Imports into Nigeria

In 2022, supplies from abroad of polyvinyl chloride decreased by -1.7% to X tons, falling for the second consecutive year after two years of growth. Overall, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.7% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 46%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, polyvinyl chloride imports soared to $X in 2022. In general, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 106% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Belize (X tons), China (X tons) and South Korea (X tons) were the main suppliers of polyvinyl chloride imports to Nigeria, with a combined 72% share of total imports. The United States, India and South Africa lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +21.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Belize ($X) and South Korea ($X) were the largest polyvinyl chloride suppliers to Nigeria, with a combined 70% share of total imports.

Among the main suppliers, South Korea, with a CAGR of +27.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polyvinyl chloride import price stood at $X per ton in 2022, with an increase of 35% against the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride import price increased by +136.4% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of 40%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 44% share of global consumption.
The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 46% of global production.
In value terms, the United States constituted the largest supplier of polyvinyl chloride to Nigeria, comprising 54% of total imports. The second position in the ranking was occupied by China, with a 12% share of total imports. It was followed by the UK, with a 5.2% share.
In value terms, Ghana emerged as the key foreign market for polyvinyl chloride exports from Nigeria, comprising 84% of total exports. The second position in the ranking was occupied by Benin, with a 16% share of total exports.
The average polyvinyl chloride export price stood at $739 per ton in 2021, growing by 38% against the previous year.
In 2021, the average polyvinyl chloride import price amounted to $1,101 per ton, growing by 6% against the previous year.

This report provides an in-depth analysis of the polyvinyl chloride 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 20163010 - Polyvinyl chloride, not mixed with any other substances, in primary forms
  • Prodcom 20163023 - Non-plasticised polyvinyl chloride mixed with any other substance, in primary forms
  • Prodcom 20163025 - Plasticised polyvinyl chloride mixed with any other substance, i n primary forms

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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