Nigeria: Ski Footwear Market 2021

Ski Footwear Market Size in Nigeria

The Nigerien ski footwear market was finally on the rise to reach $X in 2020, after three years of decline. Overall, the total consumption indicated buoyant growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2012 when the market value increased by X% year-to-year. Ski footwear consumption peaked in 2020 and is expected to retain growth in years to come.

Ski Footwear Production in Nigeria

In value terms, ski footwear production rose notably to $X in 2020 estimated in export prices. Over the period under review, the total production indicated prominent growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2020, production stood at a somewhat lower figure.

Ski Footwear Exports

Exports from Nigeria

In 2020, shipments abroad of ski-boots, snowboard boots and cross-country ski footwear increased by X% to X pairs, rising for the eighth year in a row after five years of decline. In general, exports, however, saw a pronounced downturn. Over the period under review, exports reached the peak figure at X pairs in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, ski footwear exports soared to $X in 2020. Overall, exports, however, showed a perceptible reduction. Exports peaked at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Gambia (X pairs) was the main destination for ski footwear exports from Nigeria, accounting for a X% share of total exports. Moreover, ski footwear exports to Gambia exceeded the volume sent to the second major destination, Niger (X pairs), twofold. Ghana (X pairs) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Gambia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+X% per year) and Ghana (-X% per year).

In value terms, the largest markets for ski footwear exported from Nigeria were Niger ($X), Gambia ($X) and Ghana ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Gambia (+X% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average ski footwear export price amounted to $X per pair, dropping by -X% against the previous year. In general, the export price saw a slight decline. The growth pace was the most rapid in 2012 an increase of X% against the previous year. As a result, export price reached the peak level of $X per pair. from 2013 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Niger ($X per pair), while the average price for exports to Gambia ($X per pair) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Ghana, while the prices for the other major destinations experienced mixed trend patterns.

Ski Footwear Imports

Imports into Nigeria

In 2020, the amount of ski-boots, snowboard boots and cross-country ski footwear imported into Nigeria skyrocketed to X pairs, picking up by X% on 2019. Over the period under review, imports posted buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. Imports peaked in 2020 and are expected to retain growth in years to come.

In value terms, ski footwear imports skyrocketed to $X in 2020. In general, imports recorded a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X pairs) and China (X pairs) were the main suppliers of ski footwear imports to Nigeria.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (+X% per year).

In value terms, the largest ski footwear suppliers to Nigeria were China ($X) and India ($X the main suppliers, India (+X% per year) saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average ski footwear import price stood at $X per pair in 2020, picking up by X% against the previous year. Overall, the import price enjoyed tangible growth. Over the period under review, average import prices hit record highs at $X per pair in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was China ($X per pair), while the price for India totaled $X per pair.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox Platform

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