Nigeria - Carboys, Bottles And Similar Articles Of Plastics - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Bottle Price in Nigeria - 2022
Contents:
- Plastic Bottle Price in Nigeria (CIF) - 2022
- Plastic Bottle Price in Nigeria (FOB) - 2022
- Plastic Bottle Imports in Nigeria
- Plastic Bottle Exports in Nigeria
Plastic Bottle Price in Nigeria (CIF) - 2022
The average plastic bottle import price stood at $3,804 per ton in 2022, growing by 77% against the previous year. Over the period under review, the import price showed a temperate expansion. The pace of growth appeared the most rapid in 2014 when the average import price increased by 135% against the previous year. Over the period under review, average import prices reached the maximum at $5,500 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($3,858 per ton), while the price for the United Arab Emirates ($1,021 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-1.8%), while the prices for the other major suppliers experienced a decline.
Plastic Bottle Price in Nigeria (FOB) - 2022
In 2022, the average plastic bottle export price amounted to $3,168 per ton, surging by 557% against the previous year. Over the period under review, the export price showed a strong expansion. The export price peaked at $4,407 per ton in 2017; however, from 2018 to 2022, the 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 Ghana ($6,019 per ton), while the average price for exports to Niger ($2,304 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 Liberia (+958.4%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Bottle Imports in Nigeria
In 2022, plastic bottle imports into Nigeria shrank notably to 1.8K tons, dropping by -44.2% on 2021 figures. Over the period under review, imports faced a precipitous curtailment. The smallest decline of -0.2% was in 2020.
In value terms, plastic bottle imports dropped to $7M in 2022. Overall, imports recorded a abrupt slump.
Import of Plastic Bottle in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 7,480 | 4,115 | 1,136 | 3,684 | -21.0% |
India | 1,077 | 1,738 | 3,491 | 751 | -11.3% |
Spain | 185 | 204 | 242 | 587 | 46.9% |
Greece | 234 | N/A | 392 | 474 | 26.5% |
Italy | 1.0 | 6.8 | 864 | 394 | 633.1% |
Belgium | 625 | 618 | 242 | 393 | -14.3% |
Turkey | 1.2 | 0.8 | 257 | 122 | 366.7% |
United Arab Emirates | 574 | 404 | 4.5 | 0.1 | -94.4% |
Malaysia | 795 | 1,045 | 38.2 | N/A | -78.1% |
Czech Republic | N/A | 866 | 6.3 | N/A | -99.3% |
Others | 508 | 973 | 415 | 610 | 6.3% |
Total | 11,480 | 9,970 | 7,087 | 7,016 | -15.1% |
Top Suppliers of Plastic Bottle to Nigeria in 2022:
- China (2197.4 tons)
- India (226.6 tons)
- Italy (202.1 tons)
- Greece (185.4 tons)
- Belgium (162.5 tons)
- Spain (152.2 tons)
- Turkey (77.3 tons)
- United Arab Emirates (0.1 tons)
Plastic Bottle Exports in Nigeria
In 2022, plastic bottle exports from Nigeria soared to 118 tons, picking up by 40% compared with the previous year's figure. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, plastic bottle exports surged to $374K in 2022. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Plastic Bottle in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Gabon | N/A | N/A | N/A | 143 | 0% |
Ghana | 43.0 | N/A | N/A | 124 | 42.3% |
Niger | N/A | N/A | 28.2 | 107 | 279.4% |
Burkina Faso | N/A | N/A | 3.0 | N/A | 0% |
Germany | N/A | N/A | 1.4 | N/A | 0% |
Others | N/A | N/A | 8.1 | N/A | 0% |
Total | 43.0 | N/A | 40.7 | 374 | 105.7% |
Top Export Markets for Plastic Bottle from Nigeria in 2022:
- Gabon (51.1 tons)
- Niger (46.5 tons)
- Ghana (20.6 tons)
This report provides an in-depth analysis of the plastic bottle 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 22221450 - Plastic carboys, bottles, flasks and similar articles for the conveyance or packing of goods, of a capacity . 2 litres
- Prodcom 22221470 - Plastic carboys, bottles, flasks and similar articles for the conveyance or packing of goods, of a capacity > 2 litres
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
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