Nigeria - Festive Or Carnival Articles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFestive Articles Price in Nigeria - 2022
Contents:
- Festive Articles Price in Nigeria (CIF) - 2022
- Festive Articles Price in Nigeria (FOB) - 2022
- Festive Articles Imports in Nigeria
- Festive Articles Exports in Nigeria
Festive Articles Price in Nigeria (CIF) - 2022
The average festive articles import price stood at $1,192 per ton in 2022, rising by 2.2% against the previous year. Overall, the import price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 74% against the previous year. As a result, import price reached the peak level of $10,481 per ton. From 2017 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($4,752 per ton), while the price for Ethiopia ($283 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.5%), while the prices for the other major suppliers experienced a decline.
Festive Articles Price in Nigeria (FOB) - 2022
The average festive articles export price stood at $10,658 per ton in 2022, picking up by 3.7% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, festive articles export price increased by +73.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 66%. The export price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($66,736 per ton), while the average price for exports to Burkina Faso ($857 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 India (+277.2%), while the prices for the other major destinations experienced more modest paces of growth.
Festive Articles Imports in Nigeria
Festive articles imports into Nigeria soared to 415 tons in 2022, growing by 96% against the previous year's figure. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 192%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, festive articles imports surged to $495K in 2022. Over the period under review, imports saw a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Festive Articles in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 229 | 43.8 | 106 | 246 | 2.4% |
Italy | 9.7 | 11.8 | 7.3 | 45.5 | 67.4% |
United States | 13.2 | 4.8 | 9.3 | 20.4 | 15.6% |
Ethiopia | 1.0 | 1.4 | 7.2 | 15.7 | 150.4% |
Poland | 6.7 | 4.5 | 5.8 | 12.7 | 23.8% |
Turkey | 1.8 | 1.5 | 18.7 | 8.6 | 68.4% |
Others | 107 | 86.4 | 92.9 | 146 | 10.9% |
Total | 369 | 154 | 247 | 495 | 10.3% |
Top Suppliers of Festive Articles to Nigeria in 2022:
- China (304.7 tons)
- Ethiopia (55.6 tons)
- Turkey (9.7 tons)
- Italy (9.6 tons)
- United States (9.2 tons)
- Poland (6.2 tons)
Festive Articles Exports in Nigeria
In 2022, festive articles exports from Nigeria contracted notably to 1.1 tons, declining by -25.1% against the year before. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 9.1% against the previous year. As a result, the exports reached the peak of 1.5 tons, and then declined remarkably in the following year.
In value terms, festive articles exports dropped dramatically to $12K in 2022. Overall, exports, however, showed a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 81%. As a result, the exports attained the peak of $16K, and then declined sharply in the following year.
Export of Festive Articles in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | N/A | N/A | N/A | 3.7 | 0% |
Angola | 2.2 | 1.9 | 1.6 | 1.7 | -8.2% |
United Kingdom | 1.9 | 1.3 | 0.6 | 1.7 | -3.6% |
Uganda | 0.8 | 1.0 | 1.5 | 1.3 | 17.6% |
Benin | 0.1 | 0.4 | 0.9 | 0.6 | 81.7% |
Burkina Faso | 0.7 | 0.6 | 0.7 | 0.4 | -17.0% |
South Africa | 0.9 | N/A | 0.2 | 0.1 | -51.9% |
Others | 2.2 | 3.4 | 10.0 | 2.6 | 5.7% |
Total | 8.8 | 8.6 | 15.6 | 12.1 | 11.2% |
Top Export Markets for Festive Articles from Nigeria in 2022:
- Burkina Faso (471.0 kg)
- United Kingdom (259.0 kg)
- United States (95.0 kg)
- Benin (90.0 kg)
- Uganda (77.0 kg)
- Angola (73.0 kg)
- South Africa (18.0 kg)
This report provides an in-depth analysis of the festive articles 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 2030.
Product coverage:
- Prodcom 32995150 - Festive, carnival or other entertainment articles, n.e.c.
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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