May 13, 2019

Nigeria - Knotted Carpets And Other Textile Floor Coverings - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Carpet Market Overview 2019

Carpet Market Size in Nigeria

The revenue of the carpet market in Nigeria amounted to $X in 2017, growing by X% against the previous year. Overall, carpet consumption continues to indicate a remarkable growth. The growth pace was the most rapid in 2016, when market value increased by X% against the previous year. The carpet consumption peaked of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Carpet Production in Nigeria

In 2017, the amount of knotted carpets and other textile floor coverings produced in Nigeria stood at X square meters, coming up by X% against the previous year. Overall, carpet production continues to indicate a moderate expansion. The growth pace was the most rapid in 2016, when it surged by X% y-o-y. The carpet production peaked of X square meters in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Carpet Exports

Exports from Nigeria

In 2017, carpet exports from Nigeria stood at X square meters, waning by -X% against the previous year. In general, carpet exports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2011, when exports increased by X% year-to-year. Over the period under review, the carpet exports reached its peak figure volume of X square meters in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, carpet exports totaled $X in 2017. In general, carpet exports continue to indicate a dramatic shrinkage. The exports peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Exports by Country

Niger (X square meters) was the main destination of carpet exports from Nigeria, with a X% share of total exports. Moreover, carpet exports to Niger exceeded the volume sent to the second major destination, Sierra Leone (X square meters), more than tenfold.

From 2007 to 2017, the average annual rate of growth in terms of volume to Niger amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sierra Leone (-X% per year) and Burkina Faso (-X% per year).

In value terms, Niger ($X) remains the key foreign market for carpet exports from Nigeria, making up X% of total carpet exports. The second position in the ranking was occupied by Sierra Leone ($X), with a X% share of total exports.

From 2007 to 2017, the average annual rate of growth in terms of value to Niger stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sierra Leone (-X% per year) and Burkina Faso (-X% per year).

Export Prices by Country

In 2017, the average carpet export price amounted to $X per square meter, standing approx. at the previous year. Overall, carpet export price continues to indicate a measured downturn. The most prominent rate of growth was recorded in 2014, when the average export price increased by X% y-o-y. Over the period under review, the average export prices for knotted carpets and other textile floor coverings attained its maximum level of $X per square meter in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Average export prices varied noticeably for the major foreign markets. In 2017, the country with the highest export price was Sierra Leone ($X per square meter), while average price for exports to Burkina Faso ($X per square meter) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Sierra Leone (-X% per year), the export prices for the other major destinations experienced a decline.

Carpet Imports

Imports into Nigeria

In 2017, imports of knotted carpets and other textile floor coverings into Nigeria totaled X square meters, going up by X% against the previous year. Overall, carpet imports continue to indicate an abrupt decrease. The most prominent rate of growth was recorded in 2015, when it surged by X% against the previous year. Over the period under review, the carpet imports reached its maximum volume of X square meters in 2008; however, from 2009 to 2017, it failed to regain its momentum.

In value terms, carpet imports amounted to $X in 2017. In general, carpet imports continue to indicate a drastic drop. The imports peaked of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Imports by Country

In 2017, Iran (X square meters) constituted the largest supplier of carpet to Nigeria, with a X% share of total imports. Moreover, carpet imports from Iran exceeded the figures recorded by the second largest supplier, Germany (X square meters), more than tenfold.

From 2007 to 2017, the average annual rate of growth in terms of volume from Iran was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and China (-X% per year).

In value terms, Iran ($X) constituted the largest supplier of carpet to Nigeria, making up X% of total carpet imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2007 to 2017, the average annual growth rate of value from Iran was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Germany (-X% per year).

Import Prices by Country

The average carpet import price stood at $X per square meter in 2017, shrinking by -X% against the previous year. Overall, carpet import price continues to indicate a measured decrease. The pace of growth was the most pronounced in 2014, when the average import price increased by X% year-to-year. In that year, the average import prices for knotted carpets and other textile floor coverings reached their peak level of $X per square meter. From 2015 to 2017, growth of the average import prices for knotted carpets and other textile floor coverings failed to regain its momentum.

Import prices varied noticeably by the country of origin; the country with the highest import price was Iran ($X per square meter), while price for Germany ($X per square meter) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Iran (-X% per year), the import prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 13931100 - Knotted carpets and other knotted textile floor coverings

This report provides an in-depth analysis of the carpet 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 2025
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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