Report Update Nov 1, 2024

Nigeria - Tanned or Dressed Furskins - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Market for Tanned or Dressed Furskins 2024

Market Size for Tanned or Dressed Furskins in Nigeria

The Nigerien tanned or dressed furskins market was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption saw mild growth. Tanned or dressed furskins consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Tanned or Dressed Furskins in Nigeria

In value terms, tanned or dressed furskins production declined slightly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 41% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Exports of Tanned or Dressed Furskins

Exports from Nigeria

In 2022, overseas shipments of tanned or dressed furskins decreased by -29.3% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw mild growth. The growth pace was the most rapid in 2013 when exports increased by 323% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, tanned or dressed furskins exports expanded significantly to $X in 2022. Overall, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2014 when exports increased by 356%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Export Prices by Country

In 2022, the average tanned or dressed furskins export price amounted to $X per unit, jumping by 56% against the previous year. Overall, the export price, however, continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by 104% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Benin.

From 2012 to 2022, the rate of growth in terms of prices for Benin amounted to +12.0% per year.

Imports of Tanned or Dressed Furskins

Imports into Nigeria

In 2022, overseas purchases of tanned or dressed furskins decreased by -3.2% to X units for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 1,083%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, tanned or dressed furskins imports contracted slightly to $X in 2022. Over the period under review, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 1,960% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest tanned or dressed furskins supplier to Nigeria, with a 69% share of total imports. Moreover, tanned or dressed furskins imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +36.8%.

In value terms, China ($X) and Spain ($X) were the largest tanned or dressed furskins suppliers to Nigeria.

Spain, with a CAGR of +25.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average tanned or dressed furskins import price stood at $X per unit in 2022, stabilizing at the previous year. Over the period under review, the import price saw a buoyant expansion. The pace of growth was the most pronounced in 2014 an increase of 152%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, 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 Spain ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ethiopia (+103.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tanned or dressed furskins in the world?

The country with the largest volume of tanned or dressed furskins consumption was Italy, accounting for 35% of total volume. Moreover, tanned or dressed furskins consumption in Italy exceeded the figures recorded by the second-largest consumer, Spain, twofold. Turkey ranked third in terms of total consumption with a 9.9% share.

What are the largest producers of tanned or dressed furskins in the world?

The countries with the highest volumes of in 2021 were Italy, Spain and Cambodia, with a combined 61% share of global production. These countries were followed by Turkey, Portugal, China, Argentina, New Zealand, Brazil, Malaysia and Poland, which together accounted for a further 32%.

What are the leading suppliers of tanned or dressed furskins to Nigeria?

In value terms, the largest tanned or dressed furskins suppliers to Nigeria were China, Spain and Italy, with a combined 88% share of total imports.

What are the leading importers of tanned or dressed furskins from Nigeria?

In value terms, Benin $340) remains the key foreign market for tanned or dressed furskins exports from Nigeria.

What is the average export price for tanned or dressed furskins in Nigeria?

The average tanned or dressed furskins export price stood at $43 per unit in 2021, rising by 6.7% against the previous year.

What is the average import price for tanned or dressed furskins in Nigeria?

In 2021, the average tanned or dressed furskins import price amounted to $48 per unit, reducing by -5.7% against the previous year.

This report provides an in-depth analysis of the market for tanned or dressed furskins in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 15111030 - Tanned or dressed whole furskins, not assembled, of rabbit, h are or lamb
Prodcom 15111050 - Tanned or dressed furskins or skins (excluding rabbit, hare or lamb)

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023