Nigeria: Market for Rigid Tubes, Pipes and Hoses of Polymers of Propylene 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Nigeria

The Nigerien propylene polymer rigid pipes market expanded modestly to $X in 2022, with an increase of 4.3% against the previous year. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 -2.6% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Nigeria

In value terms, propylene polymer rigid pipes production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.7% 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 2014 when the production volume increased by 25%. Propylene polymer rigid pipes production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Exports from Nigeria

In 2022, overseas shipments of rigid tubes, pipes and hoses of polymers of propylene were finally on the rise to reach X tons after four years of decline. In general, exports, however, saw a abrupt contraction. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, propylene polymer rigid pipes exports surged to $X in 2022. Overall, exports, however, faced a precipitous curtailment. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Ghana (X tons), Cote d'Ivoire (X tons) and Benin (X kg) were the main destinations of propylene polymer rigid pipes exports from Nigeria, together comprising 45% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Benin (with a CAGR of +10.3%), while the other leaders experienced a decline.

In value terms, Cote d'Ivoire ($X), Ghana ($X) and Benin ($X) appeared to be the largest markets for propylene polymer rigid pipes exported from Nigeria worldwide, with a combined 47% share of total exports.

Benin, with a CAGR of +34.5%, 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 a decline.

Export Prices by Country

The average propylene polymer rigid pipes export price stood at $X per ton in 2022, declining by -24.3% against the previous year. In general, the export price saw a abrupt decrease. The pace of growth appeared the most rapid in 2018 an increase of 43%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Niger ($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 Benin (+21.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Imports into Nigeria

For the third consecutive year, Nigeria recorded growth in supplies from abroad of rigid tubes, pipes and hoses of polymers of propylene, which increased by 3% to X tons in 2022. Overall, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 246% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, propylene polymer rigid pipes imports skyrocketed to $X in 2022. In general, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 195% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest propylene polymer rigid pipes supplier to Nigeria, accounting for a 39% share of total imports. Moreover, propylene polymer rigid pipes imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +23.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+38.8% per year) and Indonesia (+7.8% per year).

In value terms, China ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of propylene to Nigeria, comprising 15% of total imports. The second position in the ranking was held by Indonesia ($X), with a 6.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+9.2% per year) and Turkey (+24.0% per year).

Import Prices by Country

In 2022, the average propylene polymer rigid pipes import price amounted to $X per ton, growing by 13% against the previous year. Over the period under review, the import price, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2015 when the average import price increased by 38%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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