Nigeria: Cigarettes Containing Tobacco Market 2024

Cigarettes Containing Tobacco Market Size in Nigeria

The Nigerien cigarettes containing tobacco market rose markedly to $X in 2022, growing by X% against the previous year. Over the period under review, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 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, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Cigarettes containing tobacco production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Cigarettes Containing Tobacco Exports

Exports from Nigeria

In 2022, overseas shipments of cigarettes containing tobacco decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports recorded a perceptible decline. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cigarettes containing tobacco exports soared to $X in 2022. Overall, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Niger (X units), Ghana (X units) and Cameroon (X units) were the main destinations of cigarettes containing tobacco exports from Nigeria, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cameroon (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual growth rate of value to Niger amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cameroon (X% per year) and Ghana (X% per year).

Export Prices by Country

The average cigarettes containing tobacco export price stood at less than $X per thousand units in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at less than $X per thousand units in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Niger (less than $X per thousand units), while the average price for exports to Ghana (less than $X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (X%), 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 surged to X units, picking up by X% against 2021. Overall, imports posted a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, cigarettes containing tobacco imports declined significantly to $X in 2022. Over the period under review, imports showed a moderate expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached 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 units) constituted the largest cigarettes containing tobacco supplier to Nigeria, accounting for a X% share of total imports. Moreover, cigarettes containing tobacco imports from Vietnam exceeded the figures recorded by the second-largest supplier, South Korea (X units), sevenfold. The third position in this ranking was held by China (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Vietnam amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and China (X% per year).

In value terms, Vietnam ($X) constituted the largest supplier of cigarettes containing tobacco to Nigeria, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

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

Import Prices by Country

The average cigarettes containing tobacco import price stood at less than $X per thousand units in 2022, waning by X% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price attained the peak level of $X per thousand units. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium (less than $X per thousand units), while the price for China (less than $X per thousand units) was amongst the lowest.

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

Source: IndexBox Platform

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