Price for Paper, Cigarette; in Rolls of A Width Not Exceeding 5cm in Nigeria - 2023
Contents:
- Price for Paper, Cigarette; in Rolls of A Width Not Exceeding 5cm in Nigeria (CIF) - 2023
- Price for Paper, Cigarette; in Rolls of A Width Not Exceeding 5cm in Nigeria (FOB) - 2022
- Imports of Paper, Cigarette; in Rolls of A Width Not Exceeding 5cm in Nigeria
- Exports of Paper, Cigarette; in Rolls of A Width Not Exceeding 5cm in Nigeria
Price for Paper, Cigarette; in Rolls of A Width Not Exceeding 5cm in Nigeria (CIF) - 2023
The average import price for paper, cigarette; in rolls of a width not exceeding 5cms stood at $7,236 per ton in December 2023, declining by -39.1% against the previous month. In general, the import price, however, recorded a noticeable increase. The pace of growth was the most pronounced in November 2023 an increase of 185% against the previous month. As a result, import price reached the peak level of $11,875 per ton, and then shrank rapidly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Austria ($8,624 per ton), while the price for the Czech Republic amounted to $5,095 per ton.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Paper, Cigarette; in Rolls of A Width Not Exceeding 5cm in Nigeria (FOB) - 2022
The average export price for paper, cigarette; in rolls of a width not exceeding 5cms stood at $2,059 per ton in 2021, approximately reflecting the previous year. In general, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 a decrease of -61.4% against the previous year. The export price peaked at $23,666 per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($2,071 per ton), while the average price for exports to Benin amounted to $848 per ton.
From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Benin (-17.1%).
Imports of Paper, Cigarette; in Rolls of A Width Not Exceeding 5cm in Nigeria
In 2022, the amount of paper, cigarette; in rolls of a width not exceeding 5cms imported into Nigeria skyrocketed to 882 tons, rising by 38% compared with the previous year's figure. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +24.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.5% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 62%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, imports of paper, cigarette; in rolls of a width not exceeding 5cms skyrocketed to $3.3M in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 105%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Paper, Cigarette; in Rolls of A Width Not Exceeding 5cm in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 292 | 938 | 560 | 859 | 43.3% |
| France | 194 | 507 | 699 | 851 | 63.7% |
| Spain | 135 | 333 | 402 | 467 | 51.2% |
| Brazil | 529 | 737 | 414 | 403 | -8.7% |
| Indonesia | 12.2 | 174 | 188 | 243 | 171.1% |
| South Africa | 7.6 | 23.8 | 25.5 | 76.2 | 115.6% |
| Turkey | 40.8 | 60.4 | 42.2 | 50.8 | 7.6% |
| Hong Kong SAR | 8.4 | 19.6 | 25.9 | 44.2 | 73.9% |
| China | 25.3 | 29.4 | 16.9 | 20.0 | -7.5% |
| Others | 227 | 200 | 132 | 269 | 5.8% |
| Total | 1,472 | 3,022 | 2,506 | 3,283 | 30.7% |
Top Suppliers of Paper, Cigarette; in Rolls of A Width Not Exceeding 5cm to Nigeria in 2022:
- France (269.1 tons)
- Brazil (170.0 tons)
- Austria (141.3 tons)
- Indonesia (100.2 tons)
- Spain (57.4 tons)
- China (34.5 tons)
- South Africa (17.2 tons)
- Hong Kong SAR (17.2 tons)
- Turkey (15.5 tons)
Exports of Paper, Cigarette; in Rolls of A Width Not Exceeding 5cm in Nigeria
In 2021, the amount of paper, cigarette; in rolls of a width not exceeding 5cms exported from Nigeria was estimated at 22 tons, approximately mirroring 2020 figures. In general, exports posted significant growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are expected to retain growth in the immediate term.
In value terms, exports of paper, cigarette; in rolls of a width not exceeding 5cms amounted to $46K in 2021. Over the period under review, exports recorded a significant increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are likely to see steady growth in the immediate term.
| Export of Paper, Cigarette; in Rolls of A Width Not Exceeding 5cm in Nigeria (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| United Arab Emirates | N/A | N/A | 46.1 | 0% |
| Others | 0.6 | N/A | 0.1 | -59.2% |
| Total | 0.6 | N/A | 46.2 | 777.5% |
Top Export Markets for Paper, Cigarette; in Rolls of A Width Not Exceeding 5cm from Nigeria in 2022:
- United Arab Emirates (22.3 tons)
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