Stationery Product Price in Nigeria - 2022
Contents:
- Stationery Product Price in Nigeria (CIF) - 2022
- Stationery Product Price in Nigeria (FOB) - 2022
- Stationery Product Imports in Nigeria
- Stationery Product Exports in Nigeria
Stationery Product Price in Nigeria (CIF) - 2022
In 2022, the average stationery product import price amounted to $1,686 per ton, jumping by 26% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, stationery product import price increased by +101.5% against 2017 indices. The growth pace was the most rapid in 2020 when the average import price increased by 46%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 South Africa ($3,445 per ton), while the price for Belgium ($395 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Stationery Product Price in Nigeria (FOB) - 2022
In 2022, the average stationery product export price amounted to $70,125 per ton, growing by 7.6% against the previous year. In general, the export price continues to indicate a significant increase. The pace of growth was the most pronounced in 2014 an increase of 89% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($287,471 per ton), while the average price for exports to Gambia ($706 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 Saudi Arabia (+223.1%), while the prices for the other major destinations experienced more modest paces of growth.
Stationery Product Imports in Nigeria
In 2022, stationery product imports into Nigeria contracted sharply to 4.8K tons, which is down by -78.1% on the previous year's figure. Overall, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 863%. As a result, imports reached the peak of 22K tons, and then contracted rapidly in the following year.
In value terms, stationery product imports reduced notably to $8.1M in 2022. Over the period under review, imports saw a perceptible reduction. The growth pace was the most rapid in 2021 with an increase of 715% against the previous year. As a result, imports attained the peak of $29M, and then shrank dramatically in the following year.
| Import of Stationery Product in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 44.4 | 56.4 | 50.1 | 1,906 | 250.1% |
| China | 582 | 1,010 | 8,429 | 1,594 | 39.9% |
| India | 5,539 | 429 | 3,085 | 693 | -50.0% |
| Indonesia | 255 | 168 | 564 | 407 | 16.9% |
| Germany | 243 | 147 | 880 | 245 | 0.3% |
| Singapore | 17.9 | 44.1 | 113 | 123 | 90.1% |
| Belgium | 23.5 | 10.4 | 378 | 117 | 70.8% |
| Others | 2,120 | 1,732 | 15,824 | 3,034 | 12.7% |
| Total | 8,824 | 3,597 | 29,323 | 8,119 | -2.7% |
Top Suppliers of Stationery Product to Nigeria in 2022:
- China (2338.0 tons)
- South Africa (553.2 tons)
- India (352.4 tons)
- Belgium (297.5 tons)
- Germany (267.2 tons)
- Indonesia (260.9 tons)
- Singapore (161.0 tons)
Stationery Product Exports in Nigeria
In 2022, the amount of stationery products exported from Nigeria reduced to 138 tons, with a decrease of -14.7% against the previous year. Over the period under review, exports faced a deep setback. The smallest decline of -1.7% was in 2021.
In value terms, stationery product exports declined to $9.6M in 2022. The total export value increased at an average annual rate of +9.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. As a result, the exports attained the peak of $11M, and then declined in the following year.
| Export of Stationery Product in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 3,754 | 4,695 | 6,105 | 6,067 | 17.4% |
| India | 1,172 | 1,009 | 903 | 618 | -19.2% |
| Benin | 53.1 | 80.4 | 178 | 150 | 41.4% |
| Uganda | 135 | 13.9 | 150 | 125 | -2.5% |
| United States | 223 | 149 | 127 | 84.0 | -27.8% |
| Cameroon | 8.8 | 5.0 | 3.1 | 4.2 | -21.9% |
| Gambia | 1.7 | 2.0 | 0.9 | 3.0 | 20.8% |
| Others | 2,054 | 2,837 | 3,041 | 2,598 | 8.1% |
| Total | 7,402 | 8,791 | 10,509 | 9,650 | 9.2% |
Top Export Markets for Stationery Product from Nigeria in 2022:
- United States (56.8 tons)
- India (21.7 tons)
- Italy (21.1 tons)
- Benin (10.5 tons)
- Cameroon (4.7 tons)
- Gambia (4.3 tons)
- Uganda (4.1 tons)
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Explore the top import markets for stationery products around the world. Learn about the key countries driving the demand for stationery products.
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Explore the top import markets for stationery products around the world. Learn about the key countries driving the demand for stationery products.
