Nigeria: Photographic Paper Market 2022

Photographic Paper Market Size in Nigeria

For the fifth year in a row, the Nigerien photographic paper market recorded decline in sales value, which decreased by -41.4% to $X in 2021. In general, consumption faced a dramatic decline. Photographic paper consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Photographic Paper Exports

Exports from Nigeria

In 2021, overseas shipments of photographic paper, paperboard and textiles were finally on the rise to reach X square meters for the first time since 2013, thus ending a seven-year declining trend. Overall, exports, however, showed a deep downturn. The exports peaked at X square meters in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, photographic paper exports dropped to $X in 2021. Over the period under review, exports, however, saw a abrupt decline. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Benin (X square meters) and Burkina Faso (X square meters) were the main destinations of photographic paper exports from Nigeria.

From 2012 to 2021, the biggest increases were in Benin (with a CAGR of +9.7%).

In value terms, Burkina Faso ($X) and Benin ($X) were the largest markets for photographic paper exported from Nigeria worldwide.

Benin, with a CAGR of -5.2%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average photographic paper export price amounted to $X per square meter, declining by -38.6% against the previous year. Over the period under review, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by 54% against the previous year. The export price peaked at $X per square meter in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Burkina Faso ($X per square meter), while the average price for exports to Benin totaled $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+7.0%), while the prices for the other major destinations experienced a decline.

Photographic Paper Imports

Imports into Nigeria

In 2021, approx. X square meters of photographic paper, paperboard and textiles were imported into Nigeria; declining by -30.5% against the year before. Over the period under review, imports faced a precipitous contraction. The pace of growth was the most pronounced in 2016 when imports increased by 28% against the previous year. Imports peaked at X square meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, photographic paper imports dropped sharply to $X in 2021. In general, imports saw a significant decline. The most prominent rate of growth was recorded in 2016 when imports increased by 11% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X square meters) was the main photographic paper supplier to Nigeria, with a 97% share of total imports. It was followed by Thailand (X square meters), with a 2.4% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at -12.3%.

In value terms, China ($X) constituted the largest supplier of photographic paper to Nigeria, comprising 95% of total imports. The second position in the ranking was taken by Thailand ($X), with a 4.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -23.0%.

Import Prices by Country

The average photographic paper import price stood at $X per square meter in 2021, shrinking by -76.1% against the previous year. In general, the import price recorded a abrupt setback. The growth pace was the most rapid in 2015 an increase of 22% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per square meter), while the price for China amounted to $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+11.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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