Nigeria: Market for Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels 2022

Market Size for Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels in Nigeria

The Nigerien market for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses dropped dramatically to $X in 2020, declining by -X% 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). Overall, consumption, however, continues to indicate noticeable growth. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2011; however, from 2012 to 2020, consumption remained at a lower figure.

Exports of Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels

Exports from Nigeria

In 2020, shipments abroad of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses was finally on the rise to reach X square meters for the first time since 2017, thus ending a two-year declining trend. Over the period under review, exports saw prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Exports peaked at X square meters in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

In value terms, exports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses dropped to $X in 2020. In general, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2015; however, from 2016 to 2020, exports remained at a lower figure.

Exports by Country

Benin (X square meters) was the main destination for exports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses from Nigeria, with a X% share of total exports. Moreover, exports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses to Benin exceeded the volume sent to the second major destination, Gambia (X square meters), eightfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Benin totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Gambia (+X% per year) and Senegal (+X% per year).

In value terms, Benin ($X) remains the key foreign market for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels exports from Nigeria, comprising X% of total exports. The second position in the ranking was occupied by Gambia ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Benin totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Gambia (-X% per year) and Senegal (+X% per year).

Export Prices by Country

In 2020, the average export price for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses amounted to $X per square meter, waning by -X% against the previous year. Overall, the export price continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per square meter in 2008; however, from 2009 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Benin ($X per square meter), while the average price for exports to Gambia ($X per square meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Benin, while the prices for the other major destinations experienced a decline.

Imports of Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels

Imports into Nigeria

In 2020, supplies from abroad of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses decreased by -X% to X square meters, falling for the second year in a row after three years of growth. Over the period under review, imports, however, showed a strong increase. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. As a result, imports attained the peak of X square meters. from 2012 to 2020, the growth of imports remained at a lower figure.

In value terms, imports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses declined significantly to $X in 2020. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. Imports peaked at $X in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, China (X square meters) was the main supplier of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels to Nigeria, with a approx. X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from China stood at +X%.

In value terms, China ($X) constituted the largest supplier of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels to Nigeria.

From 2007 to 2020, the average annual growth rate of value from China stood at +X%.

Import Prices by Country

In 2020, the average import price for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses amounted to $X per square meter, declining by -X% against the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2013 an increase of X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per square meter in 2008; however, from 2009 to 2020, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2007 to 2020, the rate of growth in terms of prices for China amounted to -X% per year.

Source: IndexBox Platform

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