Nigeria - Plastic Tubes, Pipes And Hoses, And Fitting - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Plastic Pipe and Hose in Nigeria - 2022
Contents:
- Price for Plastic Pipe and Hose in Nigeria (CIF) - 2022
- Price for Plastic Pipe and Hose in Nigeria (FOB) - 2022
- Imports of Plastic Pipe and Hose in Nigeria
- Exports of Plastic Pipe and Hose in Nigeria
Price for Plastic Pipe and Hose in Nigeria (CIF) - 2022
In 2022, the average plastic pipe and hose import price amounted to $2,063 per ton, rising by 32% against the previous year. In general, the import price showed a moderate expansion. The most prominent rate of growth was recorded in 2015 when the average import price increased by 149% against the previous year. As a result, import price attained the peak level of $6,465 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($13,259 per ton), while the price for China ($1,139 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Plastic Pipe and Hose in Nigeria (FOB) - 2022
In 2022, the average plastic pipe and hose export price amounted to $238 per ton, falling by -95.9% against the previous year. Overall, the export price recorded a sharp descent. The pace of growth was the most pronounced in 2015 an increase of 361%. As a result, the export price reached the peak level of $10,608 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Burkina Faso.
From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to +32.5% per year.
Imports of Plastic Pipe and Hose in Nigeria
In 2022, overseas purchases of plastics tubes, pipes and hoses, and fitting decreased by -42.8% to 14K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 36% against the previous year.
In value terms, plastic pipe and hose imports dropped notably to $28M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +5.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -26.7% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 60% against the previous year. As a result, imports attained the peak of $38M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Plastic Pipe and Hose in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.1 | 8.5 | 12.5 | 9.0 | 13.8% |
| India | 1.0 | 1.0 | 6.5 | 3.3 | 48.9% |
| France | 0.7 | 1.0 | 1.8 | 3.3 | 67.7% |
| Italy | 2.3 | 1.0 | 7.1 | 2.2 | -1.5% |
| Germany | 0.7 | 1.4 | 1.7 | 1.4 | 26.0% |
| Turkey | 0.8 | 2.6 | 1.0 | 1.2 | 14.5% |
| United States | 1.9 | 4.5 | 1.1 | 1.1 | -16.7% |
| Japan | 4.7 | 7.3 | 0.1 | 0.1 | -72.3% |
| Others | 5.8 | 11.2 | 5.6 | 6.6 | 4.4% |
| Total | 24.1 | 38.5 | 37.4 | 28.2 | 5.4% |
Top Suppliers of Plastic Pipe and Hose to Nigeria in 2022:
- Japan (undefinedK tons)
- China (7.9K tons)
- India (1.5K tons)
- Turkey (0.9K tons)
- France (0.9K tons)
- Italy (0.5K tons)
- United States (0.4K tons)
- Germany (0.3K tons)
Exports of Plastic Pipe and Hose in Nigeria
Plastic pipe and hose exports from Nigeria soared to 161 tons in 2022, with an increase of 270% against the previous year's figure. In general, exports continue to indicate a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, plastic pipe and hose exports reduced rapidly to $38K in 2022. Over the period under review, exports, however, faced a dramatic setback. The pace of growth was the most pronounced in 2021 with an increase of 92%.
| Export of Plastic Pipe and Hose in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burkina Faso | N/A | N/A | N/A | 32.1 | 0% |
| Benin | 22.8 | 6.3 | 59.3 | 6.3 | -34.9% |
| Cote d'Ivoire | 417 | 70.1 | 34.0 | N/A | -71.4% |
| Niger | 16.2 | 5.8 | 4.0 | N/A | -50.3% |
| Gambia | 3.5 | N/A | N/A | N/A | 0% |
| Ghana | 126 | N/A | N/A | N/A | 0% |
| Others | 18.1 | 50.4 | 158 | N/A | 195.5% |
| Total | 604 | 133 | 255 | 38.4 | -60.1% |
Top Export Markets for Plastic Pipe and Hose from Nigeria in 2022:
- Burkina Faso (160.0 tons)
- Benin (1.5 tons)
This report provides an in-depth analysis of the market for plastic pipe and hose 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 22212153 - Rigid tubes, pipes and hoses of polymers of ethylene
- Prodcom 22212155 - Rigid tubes, pipes and hoses of polymers of propylene
- Prodcom 22212157 - Rigid tubes, pipes and hoses of polymers of vinyl chloride
- Prodcom 22212170 - Rigid tubes, pipes and hoses of plastics (excluding of polymers of ethylene, of polymers of propylene, of polymers of vinyl chloride)
- Prodcom 22212920 - Flexible tubes, pipes and hoses of plastics, with a burst pressure . .27,6 MPa
- Prodcom 22212935 - Flexible tubes, pipes and hoses of plastics, not reinforced or otherwise combined with other materials, without fittings
- Prodcom 22212937 - Flexible tubes, pipes and hoses of plastics, not reinforced or otherwise combined with other materials, with fittings, seals or connectors
- Prodcom 22212950 - Plastic tubes, pipes and hoses (excluding artificial guts, s ausage skins, rigid, flexible tubes and pipes having a minimum burst pressure of .27,6 MPa)
- Prodcom 22212970 - Fittings, e.g. joints, elbows, flanges, of plastics, for tubes, p ipes and hoses
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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