Nigeria - Plastic Boxes, Cases, Crates And Similar Packing Articles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Box Price in Nigeria - 2022
Contents:
- Plastic Box Price in Nigeria (CIF) - 2022
- Plastic Box Price in Nigeria (FOB) - 2022
- Plastic Box Imports in Nigeria
- Plastic Box Exports in Nigeria
Plastic Box Price in Nigeria (CIF) - 2022
The average plastic box import price stood at $3,078 per ton in 2022, falling by -5.2% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic box import price decreased by -9.7% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 67% against the previous year. Over the period under review, average import prices reached the peak figure at $3,579 per ton in 2016; however, from 2017 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 Turkey ($7,979 per ton), while the price for Japan ($778 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Box Price in Nigeria (FOB) - 2022
In 2022, the average plastic box export price amounted to $2,383 per ton, remaining relatively unchanged against the previous year. Overall, the export price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 26% against the previous year. The export price peaked at $4,487 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Togo ($3,836 per ton), while the average price for exports to Ghana ($1,650 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 the United States (+34.7%), while the prices for the other major destinations experienced mixed trend patterns.
Plastic Box Imports in Nigeria
In 2022, the amount of plastic boxes, cases, crates and similar packing articles imported into Nigeria dropped markedly to 883 tons, reducing by -55.8% compared with the previous year's figure. Over the period under review, imports recorded a sharp setback. The pace of growth appeared the most rapid in 2021 with an increase of 153%.
In value terms, plastic box imports declined significantly to $2.7M in 2022. Overall, imports recorded a precipitous setback. The most prominent rate of growth was recorded in 2021 when imports increased by 155%.
Import of Plastic Box in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 922 | 460 | 2,243 | 858 | -2.4% |
Greece | 537 | 436 | 1,283 | 463 | -4.8% |
Germany | 467 | 76.1 | 296 | 398 | -5.2% |
India | 258 | 288 | 1,042 | 301 | 5.3% |
Turkey | 201 | 445 | 488 | 260 | 9.0% |
United Arab Emirates | 17.0 | 28.6 | 102 | 77.4 | 65.7% |
Japan | 1.6 | 0.4 | 0.9 | 17.0 | 119.8% |
South Korea | 286 | 30.6 | 1.3 | 2.9 | -78.4% |
Malaysia | 564 | N/A | N/A | 2.1 | -84.5% |
Italy | 285 | 22.2 | 61.6 | 0.8 | -85.9% |
Spain | 3,467 | N/A | 0.5 | N/A | -98.8% |
Others | 887 | 760 | 969 | 339 | -27.4% |
Total | 7,893 | 2,548 | 6,486 | 2,720 | -29.9% |
Top Suppliers of Plastic Box to Nigeria in 2022:
- China (503.2 tons)
- Germany (105.1 tons)
- Greece (80.0 tons)
- India (73.6 tons)
- Turkey (32.6 tons)
- United Arab Emirates (23.2 tons)
- Japan (21.8 tons)
- Malaysia (2.1 tons)
- South Korea (0.9 tons)
- Italy (0.5 tons)
Plastic Box Exports in Nigeria
In 2022, after two years of decline, there was significant growth in overseas shipments of plastic boxes, cases, crates and similar packing articles, when their volume increased by 5.3% to 44 tons. Overall, exports, however, continue to indicate a sharp contraction.
In value terms, plastic box exports expanded rapidly to $104K in 2022. Over the period under review, exports, however, faced a dramatic decline.
Export of Plastic Box in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Senegal | N/A | N/A | N/A | 60.5 | 0% |
Togo | 60.8 | N/A | 44.7 | 25.7 | -25.0% |
Ghana | N/A | N/A | N/A | 17.9 | 0% |
Benin | 227 | N/A | N/A | N/A | 0% |
Sierra Leone | N/A | 335 | 54.0 | N/A | -83.9% |
Niger | 149 | N/A | N/A | N/A | 0% |
Others | N/A | 13.6 | N/A | N/A | 0% |
Total | 437 | 349 | 98.7 | 104 | -38.0% |
Top Export Markets for Plastic Box from Nigeria in 2022:
- Senegal (26.2 tons)
- Ghana (10.8 tons)
- Togo (6.7 tons)
This report provides an in-depth analysis of the plastic box market 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 22221300 - Plastic boxes, cases, crates and similar articles for the conveyance or packing of goods
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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