Nigeria: Market for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos 2024

Market Size for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Nigeria

The Nigerien market for articles of cellulose fibre-cement, not containing asbestos surged to $X in 2022, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a prominent expansion. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Exports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Exports from Nigeria

Exports of articles of cellulose fibre-cement, not containing asbestos from Nigeria surged to X tons in 2016, growing by X% on the year before. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos soared to $X in 2016. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam (X tons) was the main destination for exports of articles of cellulose fibre-cement, not containing asbestos from Nigeria, with a X% share of total exports. Moreover, exports of articles of cellulose fibre-cement, not containing asbestos to Vietnam exceeded the volume sent to the second major destination, Benin (X tons), fivefold.

From 2012 to 2016, the average annual rate of growth in terms of volume to Vietnam was relatively modest.

In value terms, Vietnam ($X) emerged as the key foreign market for articles of cellulose fibre-cement, not containing asbestos exports from Nigeria, comprising X% of total exports. The second position in the ranking was taken by Benin ($X), with a X% share of total exports.

From 2012 to 2016, the average annual growth rate of value to Vietnam was relatively modest.

Export Prices by Country

In 2016, the average export price for articles of cellulose fibre-cement, not containing asbestos amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, showed a sharp decline. The export price peaked at $X per ton in 2012; however, from 2013 to 2016, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2016, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Benin amounted to $X per ton.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Benin (X%).

Imports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Imports into Nigeria

In 2022, the amount of articles of cellulose fibre-cement, not containing asbestos imported into Nigeria skyrocketed to X tons, jumping by X% against the previous year. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos soared to $X in 2022. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of articles of cellulose fibre-cement, not containing asbestos to Nigeria, with a X% share of total imports. Moreover, imports of articles of cellulose fibre-cement, not containing asbestos from Indonesia exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United Arab Emirates (X% per year).

In value terms, the largest articles of cellulose fibre-cement, not containing asbestos suppliers to Nigeria were Indonesia ($X), China ($X) and the United Arab Emirates ($X), together comprising X% of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for articles of cellulose fibre-cement, not containing asbestos stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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