Nigeria: Market for Scouring Pastes And Powders 2024

Market Size for Scouring Pastes And Powders in Nigeria

The Nigerien scouring pastes and powders market shrank dramatically to $X in 2021, with a decrease of -18.8% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020, and then declined significantly in the following year.

Production of Scouring Pastes And Powders in Nigeria

In value terms, scouring pastes and powders production shrank remarkably to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 135% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Scouring Pastes And Powders

Exports from Nigeria

In 2021, overseas shipments of scouring pastes and powders decreased by -69.4% to X kg, falling for the fourth year in a row after two years of growth. In general, exports saw a noticeable curtailment. The growth pace was the most rapid in 2013 when exports increased by 1,550%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, scouring pastes and powders exports dropped sharply to $X in 2021. Over the period under review, exports recorded a perceptible slump. The pace of growth was the most pronounced in 2013 with an increase of 1,957%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X kg) was the main destination for scouring pastes and powders exports from Nigeria, accounting for a 57% share of total exports. Moreover, scouring pastes and powders exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Ghana (X kg), threefold. The third position in this ranking was taken by Cameroon (X kg), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cote d'Ivoire amounted to -7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+51.5% per year) and Cameroon (+8.4% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for scouring pastes and powders exports from Nigeria, comprising 87% of total exports. The second position in the ranking was taken by Ghana ($X), with a 6.3% share of total exports. It was followed by Cameroon, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value to Cote d'Ivoire totaled -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+19.2% per year) and Cameroon (+5.6% per year).

Export Prices by Country

The average scouring pastes and powders export price stood at $X per ton in 2021, increasing by 118% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Cameroon ($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 Cote d'Ivoire (+4.6%), while the prices for the other major destinations experienced a decline.

Imports of Scouring Pastes And Powders

Imports into Nigeria

Scouring pastes and powders imports into Nigeria surged to X tons in 2021, with an increase of 73% against 2020. In general, imports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 106%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, scouring pastes and powders imports soared to $X in 2021. Over the period under review, imports, however, showed a abrupt decline. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Egypt (X tons), the United States (X tons) and Jordan (X tons) were the main suppliers of scouring pastes and powders imports to Nigeria, together comprising 53% of total imports.

From 2012 to 2021, the biggest increases were recorded for Jordan (with a CAGR of +19.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest scouring pastes and powders suppliers to Nigeria were Egypt ($X), the United States ($X) and Lebanon ($X), with a combined 56% share of total imports. These countries were followed by Jordan, Singapore, the UK and China, which together accounted for a further 31%.

In terms of the main suppliers, Jordan, with a CAGR of +100.3%, 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

In 2021, the average scouring pastes and powders import price amounted to $X per ton, surging by 33% against the previous year. In general, the import price, however, recorded a abrupt descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+67.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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