Nigeria - Polishes For Coachwork - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPolishes for Coachwork Price in Nigeria - 2022
Contents:
- Polishes for Coachwork Price in Nigeria (CIF) - 2022
- Polishes for Coachwork Price in Nigeria (FOB) - 2022
- Polishes for Coachwork Imports in Nigeria
- Polishes for Coachwork Exports in Nigeria
Polishes for Coachwork Price in Nigeria (CIF) - 2022
The average polishes for coachwork import price stood at $4,709 per ton in 2022, increasing by 8.5% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polishes for coachwork import price decreased by -4.5% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 27% against the previous year. The import price peaked at $6,981 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 Brazil ($16,490 per ton), while the price for Italy ($2,072 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+11.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Polishes for Coachwork Price in Nigeria (FOB) - 2022
In 2022, the average polishes for coachwork export price amounted to $3,950 per ton, growing by 2.8% against the previous year. Over the period under review, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2019 an increase of 484%. As a result, the export price attained the peak level of $7,072 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Benin.
From 2012 to 2022, the rate of growth in terms of prices for Benin amounted to +9.7% per year.
Polishes for Coachwork Imports in Nigeria
In 2022, after three years of growth, there was decline in purchases abroad of polishes for coachwork, when their volume decreased by -3.9% to 255 tons. The total import volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 5.7%.
In value terms, polishes for coachwork imports rose to $1.2M in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 15%. As a result, imports attained the peak of $1.3M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Polishes for Coachwork in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 486 | 760 | 448 | 339 | -11.3% |
| United States | 98.0 | 117 | 104 | 250 | 36.6% |
| China | 31.0 | 26.6 | 64.1 | 55.4 | 21.4% |
| Others | 470 | 346 | 537 | 556 | 5.8% |
| Total | 1,085 | 1,250 | 1,152 | 1,201 | 3.4% |
Top Suppliers of Polishes for Coachwork to Nigeria in 2022:
- Italy (163.6 tons)
- United States (38.7 tons)
- China (11.9 tons)
Polishes for Coachwork Exports in Nigeria
In 2022, the amount of polishes for coachwork exported from Nigeria soared to 323 kg, jumping by 40% on 2021. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 199%. As a result, the exports attained the peak of 416 kg. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, polishes for coachwork exports skyrocketed to $1.3K in 2022. Over the period under review, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 70%. As a result, the exports attained the peak of $1.7K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Polishes for Coachwork in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | 220 | 584 | 884 | 1,276 | 79.7% |
| Senegal | N/A | 1,085 | N/A | N/A | 0% |
| Others | 763 | N/A | N/A | N/A | 0% |
| Total | 983 | 1,669 | 884 | 1,276 | 9.1% |
Top Export Markets for Polishes for Coachwork from Nigeria in 2022:
- Benin (323.0 kg)
This report provides an in-depth analysis of the polishes for coachwork 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 20414370 - Polishes and similar preparations, for coachwork (excluding artificial and prepared waxes, metal polishes)
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
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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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In value terms, polishes, creams, scouring pastes and powders imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
694
In value terms, polishes, creams, scouring pastes and powders exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the t...
849
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694
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