Price for Paper; Greaseproof Papers, in Rolls or Sheets in Nigeria - 2022

Price for Paper; Greaseproof Papers, in Rolls or Sheets in Nigeria (CIF) - 2022

The average import price for paper; greaseproof papers, in rolls or sheetses stood at $3,077 per ton in 2022, declining by -1.5% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 114% against the previous year. Over the period under review, average import prices hit record highs at $5,460 per ton in 2015; however, from 2016 to 2022, 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 the UK ($27,368 per ton), while the price for Turkey ($895 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Paper; Greaseproof Papers, in Rolls or Sheets in Nigeria (FOB) - 2022

The average export price for paper; greaseproof papers, in rolls or sheetses stood at $1,400 per ton in 2022, growing by 5.7% against the previous year. Overall, export price indicated a prominent increase from 2014 to 2022: its price increased at an average annual rate of +5.7% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for paper; greaseproof papers, in rolls or sheetses increased by +86.7% against 2018 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 39%. The export price peaked in 2022 and is likely to see steady growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2014 to 2022, the rate of growth in terms of prices for Ghana amounted to 0.0% per year.

Imports of Paper; Greaseproof Papers, in Rolls or Sheets in Nigeria

In 2022, the amount of paper; greaseproof papers, in rolls or sheetses imported into Nigeria shrank remarkably to 10 tons, which is down by -44.9% compared with 2021. Overall, imports saw a significant curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 35%.

In value terms, imports of paper; greaseproof papers, in rolls or sheetses reduced markedly to $32K in 2022. In general, imports saw a sharp decline. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year.

Import of Paper; Greaseproof Papers, in Rolls or Sheets in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	9.8	6.6	13.1	13.2	10.4%
Turkey	6.4	3.6	6.6	7.0	3.0%
China	22.8	7.4	3.4	2.1	-54.8%
Lebanon	0.3	0.3	0.4	0.6	26.0%
Brazil	N/A	N/A	28.5	N/A	0%
Others	53.3	24.1	7.0	9.1	-44.5%
Total	92.6	42.0	59.0	32.0	-29.8%

Top Suppliers of Paper; Greaseproof Papers, in Rolls or Sheets to Nigeria in 2022:

Turkey (7.9 tons)
United Arab Emirates (1.8 tons)
China (0.5 tons)
Lebanon (0.2 tons)

Exports of Paper; Greaseproof Papers, in Rolls or Sheets in Nigeria

In 2022, the amount of paper; greaseproof papers, in rolls or sheetses exported from Nigeria skyrocketed to 45 kg, jumping by 22% against 2021 figures. In general, exports, however, continue to indicate a dramatic contraction.

In value terms, exports of paper; greaseproof papers, in rolls or sheetses surged to $63 in 2022. Overall, exports, however, faced a deep downturn.