Nigeria: Glass Fibre Mat Market 2022

Glass Fibre Mat Market Size in Nigeria

In 2021, the Nigerien glass fibre mat market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, saw a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Glass Fibre Mat Exports

Exports from Nigeria

In 2021, shipments abroad of glass fibre mats decreased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports continue to indicate a pronounced curtailment. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, glass fibre mat exports stood at $X in 2021. Over the period under review, exports saw a abrupt setback. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for glass fibre mat exports from Nigeria, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada was relatively modest.

From 2012 to 2021, the average annual growth rate of value to Canada was relatively modest.

Export Prices by Country

In 2021, the average glass fibre mat export price amounted to $X per ton, stabilizing at the previous year. Overall, the export price recorded a abrupt slump. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2012 to 2021, the rate of growth in terms of prices for Canada amounted to X% per year.

Glass Fibre Mat Imports

Imports into Nigeria

In 2021, overseas purchases of glass fibre mats were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a deep downturn. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, glass fibre mat imports soared to $X in 2021. In general, imports, however, saw a abrupt downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Turkey (X tons) and South Africa (X tons) were the main suppliers of glass fibre mat imports to Nigeria, with a combined X% share of total imports. Spain, France and Taiwan (Chinese) lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre mat suppliers to Nigeria were Turkey ($X), China ($X) and Spain ($X), together comprising X% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +X%, recorded 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

The average glass fibre mat import price stood at $X per ton in 2021, with an increase of X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :