Latest Report Update: Jan 14, 2020

Nigeria - Base Metal Closures, Stoppers, Caps And Lids - Market Analysis, Forecast, Size, Trends And Insights

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Nigeria: Base Metal Closure Market Overview 2020

Base Metal Closure Market Size in Nigeria

The revenue of the base metal closure market in Nigeria amounted to $X in 2018, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, base metal closure consumption continues to indicate a remarkable expansion. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Base metal closure consumption peaked at $X in 2015; however, from 2016 to 2018, consumption stood at a somewhat lower figure.

Base Metal Closure Exports

Exports from Nigeria

In 2018, the base metal closure exports from Nigeria stood at X tonnes, growing by X% against the previous year. Over the period under review, base metal closure exports continue to indicate a skyrocketing expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, base metal closure exports reached their maximum in 2018 and are likely to continue its growth in the immediate term.

In value terms, base metal closure exports stood at $X in 2018. Over the period under review, base metal closure exports continue to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Exports peaked in 2018 and are expected to retain its growth in the near future.

Exports by Country

Ghana (X tonnes) was the main destination for base metal closure exports from Nigeria, with a X% share of total exports. Moreover, base metal closure exports to Ghana exceeded the volume sent to the second major destination, Togo (X tonnes), more than tenfold.

From 2007 to 2018, the average annual rate of growth in terms of volume to Ghana stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (+X% per year) and Cameroon (+X% per year).

In value terms, Ghana ($X) remains the key foreign market for base metal closure exports from Nigeria, comprising X% of total base metal closure exports. The second position in the ranking was occupied by Togo ($X), with a X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of value to Ghana totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (+X% per year) and Cameroon (+X% per year).

Export Prices by Country

In 2018, the average base metal closure export price amounted to $X per tonne, falling by -X% against the previous year. Over the period under review, the base metal closure export price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2012 when the average export price increased by X% year-to-year. Over the period under review, the average export prices for base metal closures, stoppers, caps and lids reached their peak figure at $X per tonne in 2013; however, from 2014 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Togo ($X per tonne), while the average price for exports to Ghana ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Togo, while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Closure Imports

Imports into Nigeria

In 2018, the amount of base metal closures, stoppers, caps and lids imported into Nigeria totaled X tonnes, surging by X% against the previous year. In general, base metal closure imports continue to indicate a prominent increase. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Imports peaked at X tonnes in 2015; however, from 2016 to 2018, imports remained at a lower figure.

In value terms, base metal closure imports amounted to $X in 2018. Overall, base metal closure imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. Over the period under review, base metal closure imports attained their peak figure at $X in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tonnes), Greece (X tonnes) and China (X tonnes) were the main suppliers of base metal closure imports to Nigeria, together accounting for X% of total imports. South Africa, the U.S., Poland, India and Botswana lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Poland (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) constituted the largest supplier of base metal closure to Nigeria, comprising X% of total base metal closure imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from Saudi Arabia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and China (+X% per year).

Import Prices by Country

The average base metal closure import price stood at $X per tonne in 2018, lowering by -X% against the previous year. Overall, the import price indicated a modest increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, base metal closure import price decreased by -X% against 2014 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. In that year, the average import prices for base metal closures, stoppers, caps and lids reached their peak level of $X per tonne. From 2015 to 2018, the growth in terms of the average import prices for base metal closures, stoppers, caps and lids failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Poland ($X per tonne), while the price for Botswana ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 25921370 - Base metal closures, stoppers, caps and lids (excluding of lead, crown corks, aluminium closures, stoppers, caps and lids of a diameter > .21 mm)

This report provides an in-depth analysis of the base metal closure 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2018
Figure 21:
Production, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, 2007–2018
Figure 23:
Imports, In Value Terms, 2007–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2007–2018
Figure 26:
Imports, In Value Terms, By Country, 2007–2018
Figure 27:
Import Prices, By Country Of Origin, 2007–2018
Figure 28:
Exports, In Physical Terms, 2007–2018
Figure 29:
Exports, In Value Terms, 2007–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2007–2018
Figure 32:
Exports, In Value Terms, By Country, 2007–2018
Figure 33:
Export Prices, By Country Of Destination, 2007–2018

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