Report Update: Apr 1, 2024

Nigeria - Articles of Plaster or of Compositions Based On Plaster - Market Analysis, Forecast, Size, Trends and Insights

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Plaster Article Price in Nigeria - 2022

Plaster Article Price in Nigeria (CIF) - 2022

In 2022, the average plaster article import price amounted to $0.5 per square meter, jumping by 28% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plaster article import price increased by +81.3% against 2018 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 36% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1.3 per square meter), while the price for Egypt ($0.3 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 (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Plaster Article Price in Nigeria (FOB) - 2022

The average plaster article export price stood at $0.6 per square meter in 2022, jumping by 22% against the previous year. Overall, the export price, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2019 an increase of 31% against the previous year. The export price peaked at $1.1 per square meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Niger ($1.4 per square meter), while the average price for exports to Benin amounted to $0.4 per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+9.3%).

Plaster Article Imports in Nigeria

In 2022, purchases abroad of articles of plaster or of compositions based on plaster decreased by -36.3% to 24M square meters for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 14%. As a result, imports attained the peak of 38M square meters, and then dropped rapidly in the following year.

In value terms, plaster article imports declined rapidly to $13M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 48% against the previous year. Imports peaked at $16M in 2021, and then shrank rapidly in the following year.

Import of Plaster Article in Nigeria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	4.1	5.3	5.3	4.5	3.2%
Turkey	0.3	1.5	3.1	2.4	100.0%
Italy	0.6	2.5	1.3	1.5	35.7%
Egypt	0.5	0.7	1.9	1.4	40.9%
France	0.8	0.7	1.0	0.7	-4.4%
Thailand	0.9	0.5	0.3	0.6	-12.6%
Algeria	0.6	0.7	0.9	0.5	-5.9%
Germany	0.4	0.6	0.7	0.4	0.0%
Saudi Arabia	N/A	0.1	0.2	0.1	0.0%
Others	0.9	0.9	1.0	0.7	-8.0%
Total	9.1	13.4	15.7	12.8	12.0%

Top Suppliers of Plaster Article to Nigeria in 2022:

China (10.1M square meters)
Egypt (4.4M square meters)
Turkey (3.1M square meters)
Thailand (1.4M square meters)
Algeria (1.2M square meters)
Italy (1.1M square meters)
France (0.6M square meters)
Saudi Arabia (0.5M square meters)
Germany (0.4M square meters)

Plaster Article Exports in Nigeria

In 2022, the amount of articles of plaster or of compositions based on plaster exported from Nigeria declined notably to 11K square meters, waning by -27.1% on 2021 figures. In general, exports faced a sharp slump. The most prominent rate of growth was recorded in 2021 when exports increased by 117% against the previous year. Over the period under review, the exports hit record highs at 23K square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, plaster article exports dropped to $6.5K in 2022. Overall, exports faced a dramatic descent. The pace of growth appeared the most rapid in 2021 when exports increased by 28% against the previous year. The exports peaked at $17K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Plaster Article in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Benin	5.0	2.5	4.6	3.6	-10.4%
Niger	12.3	3.0	2.6	2.9	-38.2%
Others	0.2	0.1	0.1	0.1	-20.6%
Total	17.5	5.7	7.3	6.5	-28.1%

Top Export Markets for Plaster Article from Nigeria in 2022:

Benin (8.5K square meters)
Niger (2.1K square meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the plaster article 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 23621050 - Boards, sheets, panels, tiles and similar articles of plaster or of compositions based on plaster, faced or reinforced with paper or paperboard only (excluding articles agglomerated with plaster, ornamented)
Prodcom 23621090 - Boards, sheets, panels, tiles and similar articles of plaster or of compositions based on plaster, not faced or reinforced with paper or paperboard only (excluding articles agglomerated with plaster, ornamented)
Prodcom 23691100 - Articles of plaster or compositions based on plaster, n.e.c.

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