Nigeria: Market for Paper And Paperboard, Excluding Newsprint 2024

Market Size for Paper And Paperboard, Excluding Newsprint in Nigeria

In 2022, the Nigerien market for paper and paperboard, excluding newsprint decreased by X% to $X for the first time since 2014, thus ending a seven-year rising trend. Overall, the total consumption indicated a pronounced 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 2013 indices. Paper and paperboard, excluding newsprint consumption peaked at $X in 2021, and then dropped slightly in the following year.

Production of Paper And Paperboard, Excluding Newsprint in Nigeria

In value terms, paper and paperboard, excluding newsprint production contracted modestly to $X in 2022 estimated in export price. Overall, the total production indicated a prominent 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, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2019; afterwards, it flattened through to 2022.

Exports of Paper And Paperboard, Excluding Newsprint

Exports from Nigeria

In 2022, shipments abroad of paper and paperboard, excluding newsprint decreased by X% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, paper and paperboard, excluding newsprint exports reduced to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Ghana (X tons) was the main destination for paper and paperboard, excluding newsprint exports from Nigeria, with a X% share of total exports. Moreover, paper and paperboard, excluding newsprint exports to Ghana exceeded the volume sent to the second major destination, Senegal (X tons), sixfold. The third position in this ranking was taken by Benin (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ghana stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (X% per year) and Benin (X% per year).

In value terms, Ghana ($X) remains the key foreign market for paper and paperboard, excluding newsprint exports from Nigeria, comprising X% of total exports. The second position in the ranking was taken by Liberia ($X), with a X% share of total exports. It was followed by Senegal, with a X% share.

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

Export Prices by Country

In 2022, the average export price for paper and paperboard, excluding newsprint amounted to $X per ton, jumping by X% against the previous year. In general, the export price, however, continues to indicate a mild decline. The growth pace was the most rapid in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Liberia ($X per ton), while the average price for exports to Benin ($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 Liberia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Paper And Paperboard, Excluding Newsprint

Imports into Nigeria

In 2022, the amount of paper and paperboard, excluding newsprint imported into Nigeria contracted to X tons, with a decrease of X% against the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, paper and paperboard, excluding newsprint imports rose rapidly to $X in 2022. In general, total imports indicated noticeable growth 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, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China (X tons), India (X tons) and Indonesia (X tons) were the main suppliers of paper and paperboard, excluding newsprint imports to Nigeria, with a combined X% share of total imports. Germany, Finland, the United States, Thailand, Sweden, France, Brazil, South Africa and Belgium lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Indonesia ($X) appeared to be the largest paper and paperboard, excluding newsprint suppliers to Nigeria, with a combined X% share of total imports. Germany, Finland, the United States, Brazil, Sweden, France, South Africa, Thailand and Belgium lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Thailand, with a CAGR of X%, saw the highest growth rate of 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 import price for paper and paperboard, excluding newsprint amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Thailand ($X per ton) 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 more modest paces of growth.

Source: IndexBox Platform

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