Nigeria - Pvc Floor Covering - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for PVC Floor, Wall and Ceiling Coverings in Nigeria - 2022
Contents:
- Price for PVC Floor, Wall and Ceiling Coverings in Nigeria (CIF) - 2022
- Price for PVC Floor, Wall and Ceiling Coverings in Nigeria (FOB) - 2022
- Imports of PVC Floor, Wall and Ceiling Coverings in Nigeria
- Exports of PVC Floor, Wall and Ceiling Coverings in Nigeria
Price for PVC Floor, Wall and Ceiling Coverings in Nigeria (CIF) - 2022
In 2022, the average import price for PVC floor, wall and ceiling coverings amounted to $0.6 per square meter, rising by 48% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by 50%. Over the period under review, average import prices attained the peak figure at $2.3 per square meter in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
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 Italy ($1.4 per square meter), while the price for China ($0.5 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+26.4%), while the prices for the other major suppliers experienced a decline.
Price for PVC Floor, Wall and Ceiling Coverings in Nigeria (FOB) - 2022
The average export price for PVC floor, wall and ceiling coverings stood at $0.3 per square meter in 2022, shrinking by -66% against the previous year. Over the period under review, the export price saw a deep contraction. The pace of growth was the most pronounced in 2014 an increase of 2,147%. As a result, the export price attained the peak level of $13 per square meter. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2012 to 2022, the rate of growth in terms of prices for Benin amounted to +37.0% per year.
Imports of PVC Floor, Wall and Ceiling Coverings in Nigeria
In 2022, purchases abroad of PVC floor, wall and ceiling coverings decreased by -31.4% to 15M square meters, falling for the second year in a row after two years of growth. Overall, imports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 86% against the previous year. As a result, imports reached the peak of 31M square meters. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of PVC floor, wall and ceiling coverings reached $8.7M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -30.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 87% against the previous year. As a result, imports attained the peak of $12M. From 2021 to 2022, the growth of imports of remained at a lower figure.
Import of PVC Floor, Wall and Ceiling Coverings in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 5.8 | 6.7 | 7.3 | 7.1 | 7.0% |
Italy | 0.1 | N/A | N/A | 0.4 | 58.7% |
Vietnam | N/A | 0.4 | 0.1 | 0.3 | -13.4% |
Hong Kong SAR | N/A | 2.3 | N/A | N/A | 0% |
Thailand | 0.5 | 1.8 | 0.4 | N/A | -10.6% |
Others | 0.3 | 1.2 | 0.8 | 0.8 | 38.7% |
Total | 6.7 | 12.5 | 8.6 | 8.7 | 9.1% |
Top Suppliers of PVC Floor, Wall and Ceiling Coverings to Nigeria in 2022:
- China (13.5M square meters)
- Vietnam (0.3M square meters)
- Italy (0.3M square meters)
Exports of PVC Floor, Wall and Ceiling Coverings in Nigeria
In 2022, approx. 27K square meters of PVC floor, wall and ceiling coverings were exported from Nigeria; rising by 60% compared with 2021 figures. Over the period under review, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by 107%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of PVC floor, wall and ceiling coverings shrank significantly to $7.7K in 2022. Overall, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 277% against the previous year. As a result, the exports attained the peak of $14K, and then contracted significantly in the following year.
Export of PVC Floor, Wall and Ceiling Coverings in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Niger | N/A | 0.2 | 0.2 | 7.7 | 520.5% |
Benin | 2.7 | 2.0 | 7.6 | N/A | 67.8% |
Cameroon | 3.5 | 1.5 | 2.1 | N/A | -22.5% |
Iceland | N/A | N/A | 3.7 | N/A | 0% |
Others | 0.2 | N/A | 0.6 | N/A | 73.2% |
Total | 6.4 | 3.7 | 14.1 | 7.7 | 6.4% |
Top Export Markets for PVC Floor, Wall and Ceiling Coverings from Nigeria in 2022:
- Niger (26.6K square meters)
This report provides an in-depth analysis of the market for pvc floor, wall and ceiling coverings 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 22231155 - Floor coverings in rolls or in tiles and wall or ceiling coverings consisting of a support impregnated, coated or covered with polyvinyl chloride
- Prodcom 22231159 - Other floor, wall, ceiling... coverings of polymers of vinyl chloride
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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