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Nigeria - Footwear - Market Analysis, Forecast, Size, Trends And Insights
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Nigeria: Footwear Market Overview 2020

Footwear Market Size in Nigeria

The revenue of the footwear market in Nigeria amounted to $X in 2018, jumping by X% against the previous year. Overall, the total market indicated a prominent increase from 2007 to 2018: its value 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, footwear consumption increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2014 when the market value increased by X% against the previous year. Footwear consumption peaked in 2018 and is likely to see steady growth in the immediate term.

Footwear Production in Nigeria

In value terms, footwear production totaled $X in 2018 estimated in export prices. Overall, the total output indicated a significant expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, footwear production decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Footwear production peaked at $X in 2015; however, from 2016 to 2018, production failed to regain its momentum.

Footwear Exports

Exports from Nigeria

In 2018, the amount of footwear exported from Nigeria totaled X pairs, going up by X% against the previous year. Over the period under review, footwear exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Over the period under review, footwear exports attained their peak figure in 2018 and are likely to see steady growth in the near future.

In value terms, footwear exports stood at $X in 2018. Over the period under review, footwear exports continue to indicate a remarkable expansion. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, footwear exports reached their maximum in 2018 and are likely to see steady growth in the near future.

Exports by Country

Congo (X pairs), Slovakia (X pairs) and Ghana (X pairs) were the main destinations of footwear exports from Nigeria, together comprising X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Slovakia, while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X) emerged as the key foreign market for footwear exports from Nigeria, comprising X% of total footwear exports. The second position in the ranking was occupied by South Africa ($X), with a X% share of total exports. It was followed by Congo, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Slovakia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+X% per year) and Congo (-X% per year).

Export Prices by Country

The average footwear export price stood at $X per pair in 2018, going down by -X% against the previous year. Over the period under review, the footwear export price continues to indicate a mild descent. The pace of growth appeared the most rapid in 2010 when the average export price increased by X% year-to-year. The export price peaked at $X per pair in 2015; however, from 2016 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 South Africa ($X per pair), while the average price for exports to Congo ($X per pair) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to South Africa, while the prices for the other major destinations experienced a decline.

Footwear Imports

Imports into Nigeria

In 2018, the amount of footwear imported into Nigeria totaled X pairs, surging by X% against the previous year. Overall, footwear imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X% y-o-y. Over the period under review, footwear imports reached their peak figure at X pairs in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, footwear imports amounted to $X in 2018. In general, footwear imports, however, continue to indicate a deep descent. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, India (X pairs) constituted the largest supplier of footwear to Nigeria, accounting for a X% share of total imports. Moreover, footwear imports from India exceeded the figures recorded by the second-largest supplier, China (X pairs), more than tenfold. Malta (X pairs) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from India totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Malta (+X% per year).

In value terms, India ($X) constituted the largest supplier of footwear to Nigeria, comprising X% of total footwear imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Thailand (+X% per year).

Import Prices by Country

In 2018, the average footwear import price amounted to $X per pair, lowering by -X% against the previous year. In general, the footwear import price continues to indicate an abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. In that year, the average import prices for footwear attained their peak level of $X per pair, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Thailand ($X per pair), while the price for India ($X per pair) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 15201444 - Slippers and other indoor footwear (including dancing and bedroom slippers, mules) with uppers of textile materials
• Prodcom 15201445 - Footwear with rubber, plastic or leather outer soles and textile uppers (excluding slippers and other indoor footwear, sports footwear)
• Prodcom 15201446 - Footwear with textile uppers (excluding slippers and other indoor footwear as well as footwear with outer soles of rubber, plastics, leather or composition leather)
• Prodcom 15201330 - Footwear with a wooden base and leather uppers (including clogs) (excluding with an inner sole or a protective metal toecap)
• Prodcom 15201351 - Men
• Prodcom 15201352 - Women
• Prodcom 15201353 - Children
• Prodcom 15201361 - Men
• Prodcom 15201362 - Women
• Prodcom 15201363 - Children
• Prodcom 15201370 - Slippers and other indoor footwear with rubber, plastic or leather outer soles and leather uppers (including dancing and bedroom slippers, mules)
• Prodcom 15201380 - Footwear with wood, cork or other outer soles and leather uppers (excluding outer soles of rubber, plastics or leather)
• Prodcom 15201210 - Sandals with rubber or plastic outer soles and uppers (including thong-type sandals, flip flops)
• Prodcom 15201231 - Town footwear with rubber or plastic uppers
• Prodcom 15201237 - Slippers and other indoor footwear with rubber or plastic outer soles and plastic uppers (including bedroom and dancing slippers, mules)
• Prodcom 15201100 - Waterproof footwear, with uppers in rubber or plastics (excluding incorporating a protective metal toecap)

This report provides an in-depth analysis of the footwear 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 2030.


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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
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, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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