Nigeria: Market for Uncoated Mechanical Printing and Writing Papers 2024

Market Size for Uncoated Mechanical Printing and Writing Papers in Nigeria

The Nigerien market for uncoated mechanical printing and writing papers was finally on the rise to reach $X in 2021, after four years of decline. Over the period under review, consumption saw a prominent expansion. Consumption of peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Exports of Uncoated Mechanical Printing and Writing Papers

Exports from Nigeria

In 2021, shipments abroad of uncoated mechanical printing and writing papers decreased by -16.7% to X tons, falling for the sixth year in a row after two years of growth. In general, exports showed a deep setback. The pace of growth was the most pronounced in 2014 with an increase of 1,879% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, exports of uncoated mechanical printing and writing papers declined significantly to $X in 2021. Over the period under review, exports saw a precipitous contraction. The pace of growth was the most pronounced in 2014 with an increase of 1,852%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Benin (X kg) was the main destination for exports of uncoated mechanical printing and writing papers from Nigeria, accounting for a 28% share of total exports. Moreover, exports of uncoated mechanical printing and writing papers to Benin exceeded the volume sent to the second major destination, Ghana (X kg), twofold. Niger (X kg) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Benin stood at -14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (-28.2% per year) and Niger (+30.2% per year).

In value terms, Ghana ($X), Niger ($X) and Cameroon ($X) appeared to be the largest markets for uncoated mechanical printing and writing papers exported from Nigeria worldwide, together accounting for 49% of total exports.

Among the main countries of destination, Cameroon, with a CAGR of +23.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for uncoated mechanical printing and writing papers stood at $X per ton in 2021, dropping by -28.4% against the previous year. In general, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by 51%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 Cameroon ($X per ton), while the average price for exports to Benin ($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 Cameroon (+5.1%), while the prices for the other major destinations experienced a decline.

Imports of Uncoated Mechanical Printing and Writing Papers

Imports into Nigeria

After four years of decline, purchases abroad of uncoated mechanical printing and writing papers increased by 353% to X tons in 2021. In general, imports posted strong growth. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, imports of uncoated mechanical printing and writing papers skyrocketed to $X in 2021. Overall, imports recorded a temperate increase. Over the period under review, imports of hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest uncoated mechanical printing and writing papers supplier to Nigeria, with a 49% share of total imports. Moreover, imports of uncoated mechanical printing and writing papers from India exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold. The third position in this ranking was taken by Finland (X tons), with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India totaled +26.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+73.1% per year) and Finland (+39.7% per year).

In value terms, India ($X) constituted the largest supplier of uncoated mechanical printing and writing papers to Nigeria, comprising 38% of total imports. The second position in the ranking was held by Finland ($X), with a 16% share of total imports. It was followed by South Korea, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from India totaled +19.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+38.1% per year) and South Korea (+77.0% per year).

Import Prices by Country

In 2021, the average import price for uncoated mechanical printing and writing papers amounted to $X per ton, reducing by -26.3% against the previous year. In general, the import price showed a pronounced curtailment. The pace of growth appeared the most rapid in 2018 an increase of 16%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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