Nigeria: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Nigeria

The Nigerien ethylene polymer rigid pipes market surged to $X in 2021, rising by 106% 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 posted a remarkable increase. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from Nigeria

In 2021, shipments abroad of rigid tubes, pipes and hoses of polymers of ethylene decreased by -72.7% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2017 when exports increased by 264%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, ethylene polymer rigid pipes exports dropped sharply to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 482% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Benin (X tons) was the main destination for ethylene polymer rigid pipes exports from Nigeria, accounting for a 63% share of total exports. Moreover, ethylene polymer rigid pipes exports to Benin exceeded the volume sent to the second major destination, Cameroon (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume to Benin amounted to +50.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cameroon (+6.1% per year) and Niger (+3.9% per year).

In value terms, Cameroon ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of ethylene exports from Nigeria, comprising 84% of total exports. The second position in the ranking was held by Benin ($X), with a 9.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Cameroon totaled +17.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+39.2% per year) and Niger (+7.7% per year).

Export Prices by Country

The average ethylene polymer rigid pipes export price stood at $X per ton in 2021, waning by -11.9% against the previous year. In general, the export price recorded a perceptible slump. The growth pace was the most rapid in 2019 when the average export price increased by 219% 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 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Cameroon ($X per ton), while the average price for exports to Benin ($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 Cameroon (+10.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into Nigeria

In 2021, approx. X tons of rigid tubes, pipes and hoses of polymers of ethylene were imported into Nigeria; picking up by 73% on the previous year. In general, imports showed a strong expansion. The growth pace was the most rapid in 2014 with an increase of 637% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, ethylene polymer rigid pipes imports soared to $X in 2021. Overall, imports saw buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 646%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X tons), China (X tons) and Swaziland (X tons) were the main suppliers of ethylene polymer rigid pipes imports to Nigeria, together comprising 85% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Swaziland (with a CAGR of +34.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of ethylene to Nigeria, comprising 45% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Swaziland, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value from India totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.7% per year) and Swaziland (+27.3% per year).

Import Prices by Country

In 2021, the average ethylene polymer rigid pipes import price amounted to $X per ton, rising by 55% against the previous year. Overall, the import price, however, showed a pronounced downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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