Nigeria: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Nigeria

The Nigerien market for self-adhesive plastic tape in rolls of a width under 20cm skyrocketed to $X in 2022, with an increase of 26% 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). Overall, consumption saw significant growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from Nigeria

In 2022, the amount of self-adhesive plastic tape in rolls of a width under 20cm exported from Nigeria contracted modestly to X tons, with a decrease of -3.2% on 2021. Over the period under review, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 590%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm reduced to $X in 2022. Overall, exports, however, continue to indicate a perceptible expansion. The growth pace was the most rapid in 2014 when exports increased by 201%. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Congo (X tons), Ghana (X tons) and Niger (X tons) were the main destinations of exports of self-adhesive plastic tape in rolls of a width under 20cm from Nigeria, with a combined 95% share of total exports. Cote d'Ivoire lagged somewhat behind, comprising a further 3.8%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cote d'Ivoire (with a CAGR of +39.4%), while the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) remains the key foreign market for self-adhesive plastic tape in rolls of a width under 20cm exports from Nigeria, comprising 53% of total exports. The second position in the ranking was taken by Congo ($X), with a 25% share of total exports. It was followed by Cote d'Ivoire, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Ghana totaled +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (+21.6% per year) and Cote d'Ivoire (+26.2% per year).

Export Prices by Country

The average export price for self-adhesive plastic tape in rolls of a width under 20cm stood at $X per ton in 2022, with an increase of 2.7% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2016 an increase of 100%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, 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 Senegal (+6.0%), while the prices for the other major destinations experienced a decline.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into Nigeria

In 2022, the amount of self-adhesive plastic tape in rolls of a width under 20cm imported into Nigeria stood at X tons, picking up by 9.8% against the previous year's figure. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 109%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm surged to $X in 2022. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2020 when imports increased by 152%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest self-adhesive plastic tape in rolls of a width under 20cm supplier to Nigeria, with a 67% share of total imports. Moreover, imports of self-adhesive plastic tape in rolls of a width under 20cm from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), eightfold. Indonesia (X tons) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +26.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+59.4% per year) and Indonesia (+15.7% per year).

In value terms, China ($X) constituted the largest supplier of self-adhesive plastic tape in rolls of a width under 20cm to Nigeria, comprising 65% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by Indonesia, with a 3.3% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +38.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+56.5% per year) and Indonesia (+10.9% per year).

Import Prices by Country

In 2022, the average import price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, surging by 74% against the previous year. Overall, the import price recorded notable growth. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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