Nigeria - Plastic Containers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Container Price in Nigeria - 2022
Contents:
- Plastic Container Price in Nigeria (CIF) - 2022
- Plastic Container Price in Nigeria (FOB) - 2022
- Plastic Container Imports in Nigeria
- Plastic Container Exports in Nigeria
Plastic Container Price in Nigeria (CIF) - 2022
In 2022, the average plastic container import price amounted to $4,570 per ton, rising by 28% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. Over the period under review, average import prices attained the peak figure at $5,449 per ton in 2016; however, from 2017 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 Spain ($9,541 per ton), while the price for Malaysia ($823 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Container Price in Nigeria (FOB) - 2022
The average plastic container export price stood at $3,656 per ton in 2022, dropping by -6.8% against the previous year. In general, the export price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by 28%. Over the period under review, the average export prices reached the maximum at $7,771 per ton in 2016; however, from 2017 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 Cameroon ($13,043 per ton), while the average price for exports to Senegal ($918 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 Cameroon (+11.2%), while the prices for the other major destinations experienced mixed trend patterns.
Plastic Container Imports in Nigeria
Plastic container imports into Nigeria totaled 3K tons in 2022, with an increase of 13% compared with 2021. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 250% against the previous year. As a result, imports reached the peak of 4.1K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, plastic container imports skyrocketed to $14M in 2022. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 185% against the previous year. As a result, imports reached the peak of $15M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Plastic Container in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.9 | 8.1 | 2.6 | 4.7 | 35.2% |
| Spain | 1.9 | 1.5 | 2.2 | 2.9 | 15.1% |
| India | 0.4 | 1.7 | 1.6 | 2.1 | 73.8% |
| China | 0.1 | 1.5 | 1.4 | 1.9 | 166.8% |
| Saudi Arabia | 0.3 | 0.9 | 0.6 | 0.8 | 38.7% |
| Malaysia | 0.2 | 0.5 | N/A | 0.3 | 14.5% |
| United States | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Others | 0.6 | 1.2 | 0.8 | 0.8 | 10.1% |
| Total | 5.4 | 15.3 | 9.5 | 13.7 | 36.4% |
Top Suppliers of Plastic Container to Nigeria in 2022:
- China (1003.9 tons)
- Germany (582.7 tons)
- India (441.9 tons)
- Malaysia (330.0 tons)
- Spain (304.2 tons)
- United States (99.8 tons)
- Saudi Arabia (95.1 tons)
Plastic Container Exports in Nigeria
In 2022, approx. 24 tons of plastic containers were exported from Nigeria; rising by 357% on the previous year. Over the period under review, exports saw significant growth.
In value terms, plastic container exports soared to $90K in 2022. In general, exports posted a resilient expansion.
| Export of Plastic Container in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 11.6 | 80.8 | 9.8 | 39.8 | 50.8% |
| Cameroon | 21.4 | 35.3 | 1.6 | 17.2 | -7.0% |
| Benin | 2.3 | 5.9 | 0.6 | 2.3 | 0.0% |
| Senegal | 1.3 | 0.4 | 0.5 | 2.1 | 17.3% |
| Burkina Faso | 0.8 | 1.8 | 0.2 | 0.7 | -4.4% |
| Guinea | 12.2 | N/A | N/A | N/A | 0% |
| Others | 11.4 | 33.8 | 8.3 | 27.4 | 34.0% |
| Total | 60.9 | 158 | 21.0 | 89.5 | 13.7% |
Top Export Markets for Plastic Container from Nigeria in 2022:
- Niger (16.9 tons)
- Senegal (2.3 tons)
- Benin (2.2 tons)
- Cameroon (1.3 tons)
- Burkina Faso (0.5 tons)
This report provides an in-depth analysis of the plastic container 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 22221950 - Articles for the conveyance or packaging of goods, of plastics (excluding boxes, cases, crates and similar articles, sacks and bags, including cones, carboys, bottles, flasks and similar articles, spools, spindles, bobbins and similar supports, s toppers, lids, caps and other closures)
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
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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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