Nigeria: Self-Adhesive Printed Label Market 2024

Self-Adhesive Printed Label Market Size in Nigeria

The Nigerien self-adhesive printed label market fell notably to $X in 2022, shrinking by -50.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a abrupt curtailment. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Self-Adhesive Printed Label Exports

Exports from Nigeria

In 2022, overseas shipments of self-adhesive printed labels were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 943%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, self-adhesive printed label exports skyrocketed to $X in 2022. Overall, exports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2015 with an increase of 2,331%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Burkina Faso (X kg), Ghana (X kg) and Cameroon (X kg) were the main destinations of self-adhesive printed label exports from Nigeria, together comprising 65% of total exports. Uganda, Cote d'Ivoire, Niger, Benin and the United Arab Emirates lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Niger (with a CAGR of +51.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for self-adhesive printed label exported from Nigeria were Cameroon ($X), Cote d'Ivoire ($X) and Uganda ($X), with a combined 53% share of total exports. Ghana, Burkina Faso, Benin, Niger and the United Arab Emirates lagged somewhat behind, together comprising a further 12%.

In terms of the main countries of destination, Niger, with a CAGR of +32.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average self-adhesive printed label export price stood at $X per ton in 2022, rising by 144% against the previous year. Over the period under review, the export price, however, saw a pronounced reduction. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the 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 Cote d'Ivoire ($X per ton), while the average price for exports to Niger ($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 Angola (+3.5%), while the prices for the other major destinations experienced a decline.

Self-Adhesive Printed Label Imports

Imports into Nigeria

In 2022, the amount of self-adhesive printed labels imported into Nigeria declined notably to X tons, which is down by -51% compared with the previous year's figure. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 97%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, self-adhesive printed label imports declined notably to $X in 2022. Over the period under review, imports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 106%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), South Africa (X tons) and the UK (X tons) were the main suppliers of self-adhesive printed label imports to Nigeria, with a combined 71% share of total imports. Spain, India, the United Arab Emirates, South Korea, China and Ghana lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +40.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and South Africa ($X) were the largest self-adhesive printed label suppliers to Nigeria, with a combined 69% share of total imports. South Korea, the United Arab Emirates, India, Spain, China and Ghana lagged somewhat behind, together accounting for a further 18%.

South Korea, with a CAGR of +31.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average self-adhesive printed label import price stood at $X per ton in 2022, growing by 8.6% against the previous year. Overall, the import price, however, recorded a perceptible reduction. The growth pace was the most rapid in 2015 an increase of 43%. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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