Nigeria: Total Fibre Furnish Market 2020

Total Fibre Furnish Market Size in Nigeria

The revenue of the total fibre furnish market in Nigeria amounted to $X in 2018, remaining constant against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the market value increased by X% year-to-year. Total fibre furnish consumption peaked at $X in 2010; however, from 2011 to 2018, consumption stood at a somewhat lower figure.

Total Fibre Furnish Production in Nigeria

In value terms, total fibre furnish production totaled $X in 2018 estimated in export prices. Over the period under review, total fibre furnish production continues to indicate a modest expansion. The growth pace was the most rapid in 2017 when production volume increased by X% against the previous year. Total fibre furnish production peaked at $X in 2010; however, from 2011 to 2018, production remained at a lower figure.

Total Fibre Furnish Exports

Exports from Nigeria

In 2018, the amount of total fibre furnish exported from Nigeria amounted to X kg, approximately mirroring the previous year. Over the period under review, total fibre furnish exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. In that year, total fibre furnish exports attained their peak of X tons. From 2013 to 2018, the growth of total fibre furnish exports failed to regain its momentum.

In value terms, total fibre furnish exports amounted to $X in 2018. Overall, total fibre furnish exports continue to indicate a deep drop. The growth pace was the most rapid in 2012 when exports increased by X% against the previous year. In that year, total fibre furnish exports reached their peak of $X. From 2013 to 2018, the growth of total fibre furnish exports failed to regain its momentum.

Exports by Country

The U.S. (X kg), Brazil (X kg) and Canada (X kg) were the main destinations of total fibre furnish exports from Nigeria, together comprising X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Brazil, while exports for the other leaders experienced a decline.

In value terms, the largest markets for total fibre furnish exported from Nigeria were the U.S. ($X), Canada ($X) and Brazil ($X), with a combined X% share of total exports. These countries were followed by Finland, Chile, Sweden, Indonesia, the Netherlands, Germany, Japan, the UK and France, which together accounted for a further X experienced the highest rates of growth with regard to market size, among the main countries of destination over the period under review, while exports for the other leaders experienced a decline.

Export Prices by Country

The average total fibre furnish export price stood at $X per ton in 2018, remaining stable against the previous year. Overall, the total fibre furnish export price continues to indicate a temperate contraction. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. Over the period under review, the average export prices for total fibre furnish reached their maximum at $X per ton in 2010; however, from 2011 to 2018, export prices stood at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced more modest paces of growth.

Total Fibre Furnish Imports

Imports into Nigeria

In 2018, the amount of total fibre furnish imported into Nigeria stood at X tons, stabilizing at the previous year. Over the period under review, total fibre furnish imports continue to indicate strong growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, total fibre furnish imports attained their maximum at X tons in 2017, leveling off in the following year.

In value terms, total fibre furnish imports amounted to $X in 2018. In general, total fibre furnish imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Imports peaked at $X in 2017, leveling off in the following year.

Imports by Country

In 2018, China (X tons) constituted the largest total fibre furnish supplier to Nigeria, with a X% share of total imports. Moreover, total fibre furnish imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The U.S. (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the U.S. (+X% per year).

In value terms, China ($X) constituted the largest supplier of total fibre furnish to Nigeria, comprising X% of total total fibre furnish imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

In 2018, the average total fibre furnish import price amounted to $X per ton, approximately equating the previous year. Overall, the total fibre furnish import price continues to indicate a mild reduction. The pace of growth was the most pronounced in 2010 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2012; however, from 2013 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was the U.S. ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform