Nigeria - Metal Office Furniture - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMetal Office Furniture Price in Nigeria - 2022
Contents:
- Metal Office Furniture Price in Nigeria (CIF) - 2022
- Metal Office Furniture Price in Nigeria (FOB) - 2022
- Metal Office Furniture Imports in Nigeria
- Metal Office Furniture Exports in Nigeria
Metal Office Furniture Price in Nigeria (CIF) - 2022
In 2022, the average metal office furniture import price amounted to $2,495 per ton, growing by 42% against the previous year. Overall, the import price, however, recorded a perceptible slump. The pace of growth appeared the most rapid in 2016 when the average import price increased by 50%. As a result, import price reached the peak level of $4,923 per ton. From 2017 to 2022, the average import prices remained at a 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 Spain ($5,770 per ton), while the price for Sweden ($509 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Metal Office Furniture Price in Nigeria (FOB) - 2022
The average metal office furniture export price stood at $3,806 per ton in 2022, increasing by 4.8% against the previous year. In general, the export price, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by 36%. As a result, the export price reached the peak level of $8,178 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($9,111 per ton), while the average price for exports to Benin ($2,116 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 Niger (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Office Furniture Imports in Nigeria
In 2022, overseas purchases of metal office furniture decreased by -37.2% to 597 tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 47%. As a result, imports reached the peak of 1.3K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, metal office furniture imports fell to $1.5M in 2022. Over the period under review, imports showed a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 54%. As a result, imports reached the peak of $2.8M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Metal Office Furniture in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 360 | 937 | 539 | 461 | 8.6% |
India | 163 | 49.4 | 2.7 | 244 | 14.4% |
Spain | 24.2 | 32.4 | 48.3 | 123 | 71.9% |
United Kingdom | 46.5 | 91.7 | 19.9 | 57.3 | 7.2% |
Italy | 30.5 | 174 | 252 | 37.3 | 6.9% |
Sweden | 19.1 | 1.8 | 2.2 | 5.8 | -32.8% |
Others | 1,153 | 1,481 | 808 | 561 | -21.3% |
Total | 1,796 | 2,768 | 1,672 | 1,490 | -6.0% |
Top Suppliers of Metal Office Furniture to Nigeria in 2022:
- China (351.7 tons)
- India (118.6 tons)
- Spain (21.3 tons)
- Italy (20.3 tons)
- United Kingdom (15.5 tons)
- Sweden (11.4 tons)
Metal Office Furniture Exports in Nigeria
In 2022, after three years of growth, there was significant decline in overseas shipments of metal office furniture, when their volume decreased by -47.9% to 14 tons. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,253% against the previous year. As a result, the exports reached the peak of 26 tons, and then contracted significantly in the following year.
In value terms, metal office furniture exports dropped markedly to $52K in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 994%. As a result, the exports reached the peak of $95K, and then declined rapidly in the following year.
Export of Metal Office Furniture in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ethiopia | 0.4 | 1.4 | 71.4 | 36.5 | 350.2% |
Benin | 1.2 | 2.7 | 9.7 | 5.5 | 66.1% |
Niger | 3.6 | 0.8 | 2.5 | 2.8 | -8.0% |
Cote d'Ivoire | 4.0 | 2.7 | 6.8 | 2.8 | -11.2% |
Tanzania | 0.9 | 0.8 | 2.6 | 1.3 | 13.0% |
Others | 3.6 | 0.4 | 1.9 | 2.8 | -8.0% |
Total | 13.8 | 8.7 | 94.9 | 51.8 | 55.4% |
Top Export Markets for Metal Office Furniture from Nigeria in 2022:
- Ethiopia (9.4 tons)
- Benin (2.6 tons)
- Tanzania (0.5 tons)
- Niger (0.5 tons)
- Cote d'Ivoire (0.3 tons)
This report provides an in-depth analysis of the metal office furniture 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 31011100 - Metal furniture for offices
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
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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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