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

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

In 2022, the Nigerien market for rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 7.3% to $X, rising for the third consecutive year after two years of decline. In general, consumption posted a slight increase. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the immediate term.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Nigeria

In 2022, exports of rigid tubes, pipes and hoses of polymers of vinyl chloride from Nigeria skyrocketed to X tons, rising by 70% on the previous year. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 1,155% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, vinyl chloride polymer rigid pipes exports soared to $X in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 1,110%. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Niger (X tons) was the main destination for vinyl chloride polymer rigid pipes exports from Nigeria, with a 65% share of total exports. Moreover, vinyl chloride polymer rigid pipes exports to Niger exceeded the volume sent to the second major destination, Benin (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Niger totaled +21.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+22.0% per year) and Ghana (+65.7% per year).

In value terms, Niger ($X) emerged as the key foreign market for rigid tubes, pipes and hoses of polymers of vinyl chloride exports from Nigeria, comprising 73% of total exports. The second position in the ranking was taken by Benin ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Niger amounted to +33.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+24.3% per year) and Ghana (+52.7% per year).

Export Prices by Country

In 2022, the average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, flattening at the previous year. Overall, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinyl chloride polymer rigid pipes export price decreased by -0.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 74%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Niger ($X per ton), while the average price for exports to Ghana ($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 Niger (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Nigeria

In 2022, vinyl chloride polymer rigid pipes imports into Nigeria rose remarkably to X tons, growing by 5.5% against the previous year. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 305% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, vinyl chloride polymer rigid pipes imports amounted to $X in 2022. Over the period under review, imports enjoyed noticeable growth. The pace of growth appeared the most rapid in 2021 when imports increased by 250%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of vinyl chloride polymer rigid pipes to Nigeria, with a 90% share of total imports. It was followed by Brazil (X tons), with a 2.3% share of total imports. The third position in this ranking was taken by South Africa (X tons), with a 1.7% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+3.2% per year) and South Africa (+24.8% per year).

In value terms, China ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of vinyl chloride to Nigeria, comprising 73% of total imports. The second position in the ranking was taken by South Africa ($X), with a 7.1% share of total imports. It was followed by India, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+45.7% per year) and India (+8.2% per year).

Import Prices by Country

In 2022, the average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, growing by 7.6% against the previous year. Overall, the import price recorded a moderate increase. The pace of growth appeared the most rapid in 2015 an increase of 41%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, 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 Ghana ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+29.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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