Nigeria - Sacks And Bags Of Polymers Of Ethylene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingEthylene Polymer Bag Price in Nigeria - 2022
Contents:
- Ethylene Polymer Bag Price in Nigeria (CIF) - 2022
- Ethylene Polymer Bag Price in Nigeria (FOB) - 2022
- Ethylene Polymer Bag Imports in Nigeria
- Ethylene Polymer Bag Exports in Nigeria
Ethylene Polymer Bag Price in Nigeria (CIF) - 2022
In 2022, the average ethylene polymer bag import price amounted to $1,899 per ton, declining by -10.9% against the previous year. Over the period under review, the import price continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2013 when the average import price increased by 39% against the previous year. The import price peaked at $3,662 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($7,890 per ton), while the price for China ($1,318 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Ethylene Polymer Bag Price in Nigeria (FOB) - 2022
The average ethylene polymer bag export price stood at $6,775 per ton in 2022, surging by 96% against the previous year. Over the period under review, the export price showed a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($7,042 per ton), while the average price for exports to Senegal totaled $5,905 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+9.8%), while the prices for the other major destinations experienced mixed trend patterns.
Ethylene Polymer Bag Imports in Nigeria
In 2022, the amount of sacks and bags of polymers of ethylene imported into Nigeria surged to 4.9K tons, jumping by 15% compared with the previous year. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 96% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, ethylene polymer bag imports rose to $9.2M in 2022. Over the period under review, imports saw a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 100%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Ethylene Polymer Bag in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 324 | 524 | 2,670 | 5,353 | 154.7% |
| Germany | 37.2 | 65.6 | 277 | 1,304 | 227.3% |
| Turkey | 310 | 193 | 646 | 767 | 35.3% |
| India | 208 | 786 | 844 | 690 | 49.1% |
| United States | 17.8 | 19.7 | 31.5 | 413 | 185.2% |
| Cote d'Ivoire | 425 | 571 | 805 | N/A | 37.6% |
| Togo | 484 | 769 | 1,280 | N/A | 62.6% |
| Saudi Arabia | 237 | 233 | 208 | N/A | -6.3% |
| Brazil | 615 | 886 | 1,617 | N/A | 62.2% |
| Others | 396 | 436 | 587 | 690 | 20.3% |
| Total | 3,054 | 4,485 | 8,965 | 9,216 | 44.5% |
Top Suppliers of Ethylene Polymer Bag to Nigeria in 2022:
- China (4062.3 tons)
- India (217.8 tons)
- Germany (165.3 tons)
- Turkey (151.6 tons)
- United States (93.7 tons)
Ethylene Polymer Bag Exports in Nigeria
In 2022, approx. 87 tons of sacks and bags of polymers of ethylene were exported from Nigeria; which is down by -52.9% compared with the year before. Over the period under review, exports recorded a precipitous contraction. The smallest decline of -6.6% was in 2021.
In value terms, ethylene polymer bag exports declined to $590K in 2022. Overall, exports recorded a dramatic downturn. The smallest decline of -7.1% was in 2021.
| Export of Ethylene Polymer Bag in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | 0.1 | N/A | 3.5 | 469 | 1573.9% |
| Senegal | 2.4 | 0.6 | 0.3 | 121 | 269.4% |
| Belgium | 1,186 | 465 | 433 | N/A | -39.6% |
| Togo | 78.2 | 13.0 | 13.0 | N/A | -59.2% |
| Chad | 358 | 133 | 118 | N/A | -42.6% |
| Liberia | 145 | 56.7 | 52.7 | N/A | -39.7% |
| Others | 39.0 | 18.1 | 18.9 | N/A | -30.4% |
| Total | 1,809 | 687 | 639 | 590 | -31.2% |
Top Export Markets for Ethylene Polymer Bag from Nigeria in 2022:
- Benin (66.6 tons)
- Senegal (20.5 tons)
This report provides an in-depth analysis of the ethylene polymer bag 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 22221100 - Sacks and bags of polymers of ethylene (including cones)
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
- 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
-
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
-
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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