Report Update: May 1, 2024

Nigeria - Patent Leather, Patent Laminated Leather And Metallised Leather - Market Analysis, Forecast, Size, Trends And Insights

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Patent Leather Price in Nigeria - 2022

Patent Leather Price in Nigeria (CIF) - 2022

The average patent leather import price stood at $0.8 per square meter in 2022, surging by 8.9% against the previous year. Overall, the import price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 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 $3.5 per square meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Jordan ($2 per square meter), while the price for the United Arab Emirates ($0.5 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.7%), while the prices for the other major suppliers experienced a decline.

Patent Leather Price in Nigeria (FOB) - 2022

The average patent leather export price stood at $16 per square meter in 2022, reducing by -18.1% against the previous year. Overall, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2019 an increase of 39% against the previous year. Over the period under review, the average export prices reached the maximum at $39 per square meter in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($60 per square meter), while the average price for exports to Ghana ($1 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.4%), while the prices for the other major destinations experienced a decline.

Patent Leather Imports in Nigeria

In 2022, overseas purchases of patent leather, patent laminated leather and metallised leather decreased by -84% to 184K square meters, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a dramatic descent. The most prominent rate of growth was recorded in 2020 with an increase of 63% against the previous year. As a result, imports reached the peak of 5.1M square meters. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, patent leather imports declined dramatically to $157K in 2022. In general, imports continue to indicate a dramatic descent. The growth pace was the most rapid in 2020 with an increase of 172%. As a result, imports reached the peak of $4.3M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Patent Leather in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,255	3,590	378	104	-56.4%
United States	34.3	214	195	17.6	-19.9%
Jordan	24.3	104	136	14.1	-16.6%
Turkey	104	223	33.9	7.4	-58.6%
India	24.7	42.2	45.1	4.7	-42.5%
United Arab Emirates	59.0	79.0	42.0	4.5	-57.6%
Others	96.0	87.8	70.3	4.4	-64.2%
Total	1,597	4,340	901	157	-53.8%

Top Suppliers of Patent Leather to Nigeria in 2022:

China (142.5K square meters)
United States (12.3K square meters)
United Arab Emirates (8.8K square meters)
Jordan (7.0K square meters)
Turkey (4.9K square meters)
India (3.5K square meters)

Patent Leather Exports in Nigeria

For the fourth year in a row, Nigeria recorded growth in shipments abroad of patent leather, patent laminated leather and metallised leather, which increased by 3.3% to 63 square meters in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 77% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, patent leather exports fell dramatically to $1K in 2022. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 76%. The exports peaked at $1.2K in 2021, and then declined rapidly in the following year.

Export of Patent Leather in Nigeria (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	465	816	1,064	943	26.6%
Ghana	14.0	29.0	44.0	46.0	48.7%
United States	N/A	N/A	102	39.0	-61.8%
Others	N/A	N/A	1.0	N/A	0%
Total	479	845	1,211	1,028	29.0%

Top Export Markets for Patent Leather from Nigeria in 2022:

Ghana (46.0 square meters)
China (16.0 square meters)
United States (1.0 square meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the patent leather 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 15112200 - Patent leather, patent laminated leather and metallised leather

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023