Nigeria - Corks And Stoppers Of Natural Cork - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNatural Cork Stopper Price in Nigeria - 2022
Contents:
- Natural Cork Stopper Price in Nigeria (CIF) - 2022
- Natural Cork Stopper Price in Nigeria (FOB) - 2022
- Natural Cork Stopper Imports in Nigeria
- Natural Cork Stopper Exports in Nigeria
Natural Cork Stopper Price in Nigeria (CIF) - 2022
The average natural cork stopper import price stood at $2,526 per ton in 2022, waning by -42.5% against the previous year. In general, the import price recorded a pronounced descent. The pace of growth appeared the most rapid in 2021 when the average import price increased by 204% against the previous year. The import price peaked at $12,776 per ton in 2015; however, from 2016 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 India ($9,302 per ton), while the price for South Africa ($1,008 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Natural Cork Stopper Price in Nigeria (FOB) - 2022
The average natural cork stopper export price stood at $7,581 per ton in 2022, reducing by -40.2% against the previous year. Overall, the export price, however, enjoyed a strong expansion. The growth pace was the most rapid in 2013 when the average export price increased by 598%. As a result, the export price reached the peak level of $27,900 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($15,500 per ton), while the average price for exports to Niger ($2,556 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 South Africa (+19.2%).
Natural Cork Stopper Imports in Nigeria
In 2022, purchases abroad of corks and stoppers of natural cork decreased by -2.2% to 120 tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a deep setback. The growth pace was the most rapid in 2020 with an increase of 316% against the previous year. As a result, imports reached the peak of 888 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, natural cork stopper imports contracted sharply to $302K in 2022. In general, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 139% against the previous year. As a result, imports attained the peak of $1.3M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Natural Cork Stopper in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 104 | 570 | 37.7 | 78.5 | -9.0% |
Slovenia | 37.3 | 82.4 | 128 | 62.8 | 19.0% |
South Africa | 125 | 99.3 | 1.1 | 32.1 | -36.4% |
Italy | 60.2 | 99.3 | 47.2 | 23.3 | -27.1% |
India | 1.0 | 13.2 | 34.0 | 16.7 | 155.6% |
United States | 11.1 | 25.6 | 14.8 | 7.3 | -13.0% |
Spain | 16.5 | 30.1 | 8.0 | 7.1 | -24.5% |
Others | 181 | 363 | 267 | 74.5 | -25.6% |
Total | 537 | 1,283 | 538 | 302 | -17.5% |
Top Suppliers of Natural Cork Stopper to Nigeria in 2022:
- China (57.2 tons)
- South Africa (31.9 tons)
- Slovenia (10.1 tons)
- Italy (7.0 tons)
- Spain (3.9 tons)
- United States (3.1 tons)
- India (1.8 tons)
Natural Cork Stopper Exports in Nigeria
Natural cork stopper exports from Nigeria rose notably to 31 kg in 2022, surging by 15% on the previous year's figure. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 233% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, natural cork stopper exports reduced rapidly to $235 in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 167% against the previous year. As a result, the exports attained the peak of $342, and then dropped rapidly in the following year.
Export of Natural Cork Stopper in Nigeria (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | 42.0 | 119 | 329 | 186 | 64.2% |
Niger | N/A | N/A | N/A | 46.0 | 0% |
Ghana | 6.0 | 9.0 | 13.0 | 3.0 | -20.6% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 48.0 | 128 | 342 | 235 | 69.8% |
Top Export Markets for Natural Cork Stopper from Nigeria in 2022:
- Niger (18.0 kg)
- South Africa (12.0 kg)
- Ghana (1.0 kg)
This report provides an in-depth analysis of the natural cork stopper 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 16292250 - Corks and stoppers of natural cork
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
This report provides an in-depth analysis of the natural cork stopper market in Nigeria.
This report provides an in-depth analysis of the cork article market in Nigeria.
This report provides an in-depth analysis of the global natural cork stopper market.
This report provides an in-depth analysis of the global cork article market.
This report provides an in-depth analysis of the natural cork stopper market in Nigeria.
This report provides an in-depth analysis of the cork article market in Nigeria.
This report provides an in-depth analysis of the global natural cork stopper market.
This report provides an in-depth analysis of the global cork article market.
In 2016, approx. X tons of natural cork were imported worldwide- lowering by -X% against the previous year level. In general, natural cork imports continue to indicate a relatively flat trend pa...
In 2016, the amount of natural cork exported worldwide amounted to X tons, growing by X% against the previous year figure. Overall, natural cork exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rap
Portugal dominates in the global natural and agglomerated cork article trade. In 2014, Portugal exported X thousand tons of natural and agglomerated cork articles totaling X billion USD, X% over the previous year. Its primary trading partner was
In 2016, approx. X tons of natural cork were imported worldwide- lowering by -X% against the previous year level. In general, natural cork imports continue to indicate a relatively flat trend pa...
In 2016, the amount of natural cork exported worldwide amounted to X tons, growing by X% against the previous year figure. Overall, natural cork exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rap
Portugal dominates in the global natural and agglomerated cork article trade. In 2014, Portugal exported X thousand tons of natural and agglomerated cork articles totaling X billion USD, X% over the previous year. Its primary trading partner was