Nigeria - Bottles, Jars And Other Containers Of Glass - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Glass Bottle, Jar and Container in Nigeria - 2022
Contents:
- Price for Glass Bottle, Jar and Container in Nigeria (FOB) - 2022
- Price for Glass Bottle, Jar and Container in Nigeria (CIF) - 2022
- Exports of Glass Bottle, Jar and Container in Nigeria
- Imports of Glass Bottle, Jar and Container in Nigeria
Price for Glass Bottle, Jar and Container in Nigeria (FOB) - 2022
In 2022, the average export price for bottles, jars and other containers of glass amounted to $0.5 per unit, dropping by -8.7% against the previous year. Over the period under review, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 an increase of 23%. Over the period under review, the average export prices attained the maximum at $2.1 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Liberia ($0.7 per unit), while the average price for exports to Germany ($0.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.1%), while the prices for the other major destinations experienced a decline.
Price for Glass Bottle, Jar and Container in Nigeria (CIF) - 2022
In June 2022, the average import price for bottles, jars and other containers of glass amounted to $206 per thousand units, growing by 6.2% against the previous month. Overall, import price indicated a notable expansion from June 2021 to June 2022: its price increased at an average monthly rate of +4.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2022 figures, glass bottle, jar and container import price increased by +34.4% against March 2022 indices. The growth pace was the most rapid in October 2021 an increase of 53% against the previous month. As a result, import price reached the peak level of $0.2 per unit. From November 2021 to June 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($244 per thousand units), while the price for India ($124 per thousand units) was amongst the lowest.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Glass Bottle, Jar and Container in Nigeria
In 2022, the amount of bottles, jars and other containers of glass exported from Nigeria soared to 165M units, rising by 402% on the previous year's figure. In general, exports recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 943%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.
In value terms, glass bottle, jar and container exports skyrocketed to $88M in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,054%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
Export of Glass Bottle, Jar and Container in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ghana | 5.4 | 1.3 | 7.6 | 77.5 | 143.0% |
Cote d'Ivoire | 0.5 | 0.1 | 0.5 | 5.1 | 116.9% |
Liberia | 0.2 | 0.1 | 0.4 | 4.6 | 184.4% |
Germany | 0.1 | 0.1 | 0.1 | 1.2 | 128.9% |
Cameroon | 1.0 | N/A | 0.9 | N/A | -5.1% |
China | N/A | N/A | 3.0 | N/A | 0% |
Others | 0.6 | 0.1 | 6.7 | N/A | 234.2% |
Total | 7.8 | 1.7 | 19.3 | 88.4 | 124.6% |
Top Export Markets for Glass Bottle, Jar and Container from Nigeria in 2022:
- Ghana (144.7M units)
- Cote d'Ivoire (10.8M units)
- Liberia (6.7M units)
- Germany (2.9M units)
Imports of Glass Bottle, Jar and Container in Nigeria
In 2022, supplies from abroad of bottles, jars and other containers of glass was finally on the rise to reach 14M units after two years of decline. In general, imports, however, recorded a abrupt decline. Imports peaked at 23M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, glass bottle, jar and container imports expanded modestly to $8.7M in 2022. Overall, imports, however, saw a abrupt descent. Over the period under review, imports attained the peak figure at $15M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Glass Bottle, Jar and Container in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 6.7 | 7.3 | 5.2 | 4.5 | -12.4% |
China | 7.1 | 4.8 | 2.1 | 3.2 | -23.3% |
Germany | 0.6 | 1.3 | 1.0 | 0.7 | 5.3% |
Egypt | 0.1 | 0.6 | N/A | 0.2 | 26.0% |
Others | 0.8 | 0.2 | 0.1 | 0.2 | -37.0% |
Total | 15.3 | 14.1 | 8.5 | 8.7 | -17.2% |
Top Suppliers of Glass Bottle, Jar and Container to Nigeria in 2022:
- India (8.0M units)
- China (4.6M units)
- Germany (0.9M units)
- Egypt (0.3M units)
This report provides an in-depth analysis of the market for glass bottle, jar and container 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 23131120 - Containers made from tubing of glass (excluding preserving jars)
- Prodcom 23131130 - Glass containers of a nominal capacity . 2,5 litres (excluding preserving jars)
- Prodcom 23131140 - Bottles of colourless glass of a nominal capacity < 2,5 litres, f or beverages and foodstuffs (excluding bottles covered with leather or composition leather, infant
- Prodcom 23131150 - Bottles of coloured glass of a nominal capacity < 2,5 litres, for beverages and foodstuffs (excluding bottles covered with leather or composition leather, infant
- Prodcom 23131160 - Glass containers for beverages and foodstuffs of a nominal capacity < 2,5 litres (excluding bottles, flasks covered with leather or composition leather, domestic glassware, vacuum flasks and vessels)
- Prodcom 23131170 - Glass containers for pharmaceutical products of a nominal capacity < 2,5 litres
- Prodcom 23131180 - Glass containers of a nominal capacity < 2,5 litres for the conveyance or packing of goods (excluding for beverages and foodstuffs, for pharmaceutical products, containers made from glass tubing)
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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