Nigeria: Cigarettes Containing Tobacco Market 2023

Cigarettes Containing Tobacco Market Size in Nigeria

The Nigerien cigarettes containing tobacco market reached $X in 2022, growing by 3.8% against the previous year. Overall, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -9.4% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Cigarettes Containing Tobacco Production in Nigeria

In value terms, cigarettes containing tobacco production stood at $X in 2022 estimated in export price. In general, the total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.1% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 49% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Cigarettes Containing Tobacco Exports

Exports from Nigeria

For the third year in a row, Nigeria recorded growth in shipments abroad of cigarettes containing tobacco, which increased by 18% to X tons in 2022. In general, exports recorded slight growth. The pace of growth was the most pronounced in 2020 when exports increased by 249% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, cigarettes containing tobacco exports soared to $X in 2022. Overall, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 324%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Niger (X tons), Ghana (X tons) and Togo (X tons) were the main destinations of cigarettes containing tobacco exports from Nigeria, together comprising 69% of total exports. Cameroon, Cote d'Ivoire, Benin and Senegal lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Cameroon (with a CAGR of +67.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Niger ($X) remains the key foreign market for cigarettes containing tobacco exports from Nigeria, comprising 42% of total exports. The second position in the ranking was taken by Cameroon ($X), with a 14% share of total exports. It was followed by Ghana, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Niger stood at +46.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cameroon (+57.1% per year) and Ghana (+2.6% per year).

Export Prices by Country

The average cigarettes containing tobacco export price stood at $X per ton in 2022, rising by 3.5% against the previous year. In general, the export price, however, continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2014 when the average export price increased by 27% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($X per ton), while the average price for exports to Benin ($X 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 Senegal (-5.3%), while the prices for the other major destinations experienced a decline.

Cigarettes Containing Tobacco Imports

Imports into Nigeria

In 2022, the amount of cigarettes containing tobacco imported into Nigeria skyrocketed to X tons, with an increase of 43% compared with the previous year's figure. In general, imports saw strong growth. The pace of growth was the most pronounced in 2017 with an increase of 303%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, cigarettes containing tobacco imports soared to $X in 2022. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by 16,813% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest supplier of cigarettes containing tobacco to Nigeria, accounting for a 69% share of total imports. Moreover, cigarettes containing tobacco imports from Vietnam exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Vietnam stood at +199.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+64.1% per year) and the United Arab Emirates (+42.8% per year).

In value terms, the largest cigarettes containing tobacco suppliers to Nigeria were the United Arab Emirates ($X), Vietnam ($X) and South Korea ($X), together comprising 95% of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +90.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cigarettes containing tobacco import price amounted to $X per ton, dropping by -1.6% against the previous year. Over the period under review, the import price continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2013 when the average import price increased by 10,047% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained 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 the United Arab Emirates ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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