Report Update: May 4, 2024

Nigeria - Drawn Glass And Blown Glass - Market Analysis, Forecast, Size, Trends and Insights

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Price for Drawn Glass and Blown Glass in Nigeria - 2022

Price for Drawn Glass and Blown Glass in Nigeria (CIF) - 2022

In 2022, the average import price for drawn glass and blown glass amounted to $43 per square meter, with an increase of 3.9% against the previous year. In general, the import price showed significant growth. The pace of growth was the most pronounced in 2013 when the average import price increased by 702% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($70 per square meter), while the price for Turkey ($23 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+46.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Drawn Glass and Blown Glass in Nigeria (FOB) - 2022

In 2022, the average export price for drawn glass and blown glass amounted to $16 per square meter, rising by 1.8% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, drawn glass and blown glass export price increased by +11.7% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 30%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Chile ($13 per square meter) and Niger ($13 per square meter), while the average price for exports to Benin ($12 per square meter) and Ghana ($13 per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drawn Glass and Blown Glass in Nigeria

In 2022, the amount of drawn glass and blown glass imported into Nigeria expanded significantly to 1.1K square meters, growing by 5.2% on the previous year's figure. Over the period under review, imports, however, continue to indicate a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 15%. Over the period under review, imports attained the maximum at 2.4K square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, drawn glass and blown glass imports rose markedly to $45K in 2022. Overall, imports, however, showed a noticeable setback. The pace of growth appeared the most rapid in 2021 with an increase of 66%. Imports peaked at $51K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Drawn Glass and Blown Glass in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	9.9	6.3	14.8	13.5	10.9%
Netherlands	0.6	3.3	6.3	5.8	113.0%
Lebanon	3.6	2.4	5.5	5.8	17.2%
United Kingdom	0.4	2.2	8.0	4.6	125.7%
India	0.4	7.1	N/A	4.2	119.0%
Turkey	13.3	0.4	1.2	2.6	-42.0%
South Africa	2.1	1.3	2.5	2.3	3.1%
Germany	2.0	0.1	0.2	0.8	-26.3%
Malaysia	16.1	N/A	N/A	N/A	0%
Others	2.2	1.9	3.1	5.9	38.9%
Total	50.8	25.1	41.6	45.5	-3.6%

Top Suppliers of Drawn Glass and Blown Glass to Nigeria in 2022:

China (304.0 square meters)
India (170.0 square meters)
Lebanon (127.0 square meters)
Netherlands (126.0 square meters)
Turkey (112.0 square meters)
United Kingdom (67.0 square meters)
South Africa (50.0 square meters)
Germany (18.0 square meters)

Exports of Drawn Glass and Blown Glass in Nigeria

In 2022, after three years of growth, there was significant decline in shipments abroad of drawn glass and blown glass, when their volume decreased by -37.1% to 8.8K square meters. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 224%. As a result, the exports attained the peak of 14K square meters, and then declined sharply in the following year.

In value terms, drawn glass and blown glass exports contracted significantly to $137K in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 255%. As a result, the exports reached the peak of $214K, and then shrank rapidly in the following year.

Export of Drawn Glass and Blown Glass in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Chile	N/A	N/A	162	83.3	-48.6%
Niger	22.5	23.3	31.0	20.3	-3.4%
Ghana	13.2	15.6	19.7	13.0	-0.5%
India	N/A	18.6	N/A	N/A	0%
Others	0.7	2.7	1.4	20.5	208.2%
Total	36.4	60.3	214	137	55.6%

Top Export Markets for Drawn Glass and Blown Glass from Nigeria in 2022:

Chile (6.2K square meters)
Niger (1.5K square meters)
Ghana (1.0K square meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for drawn glass and blown glass 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 23111150 - Sheets, of drawn glass or blown glass, whether or not having an absorbent, reflecting or non-reflecting layer, but not otherwise worked

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