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Nigeria - Paper Sacks and Bags - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Paper Sack and Bag in Nigeria - 2022
Contents:
- Price for Paper Sack and Bag in Nigeria (CIF) - 2022
- Price for Paper Sack and Bag in Nigeria (FOB) - 2022
- Imports of Paper Sack and Bag in Nigeria
- Exports of Paper Sack and Bag in Nigeria
Price for Paper Sack and Bag in Nigeria (CIF) - 2022
In 2022, the average paper sack and bag import price amounted to $197 per ton, falling by -83.2% against the previous year. Overall, the import price faced a significant contraction. The most prominent rate of growth was recorded in 2020 an increase of 37%. The import price peaked at $3,051 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 India ($2,814 per ton), while the price for Israel ($361 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.1%), while the prices for the other major suppliers experienced a decline.
Price for Paper Sack and Bag in Nigeria (FOB) - 2022
The average paper sack and bag export price stood at $1,214 per ton in 2022, surging by 8.5% against the previous year. Over the period under review, the export price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 an increase of 110%. As a result, the export price attained the peak level of $3,058 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($5,802 per ton), while the average price for exports to Benin ($208 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 the United States (+38.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Paper Sack and Bag in Nigeria
For the fourth year in a row, Nigeria recorded growth in overseas purchases of paper sacks and bags, which increased by 272% to 4K tons in 2022. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, paper sack and bag imports reduced remarkably to $780K in 2022. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 107% against the previous year.
Import of Paper Sack and Bag in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 68.4 | 237 | 117 | 211 | 45.6% |
India | 141 | 48.3 | 145 | 118 | -5.8% |
Spain | 13.9 | 21.1 | 103 | 85.6 | 83.3% |
Israel | 15.6 | 20.4 | 64.1 | 52.3 | 49.7% |
Kenya | 4.0 | 11.0 | 51.3 | 35.7 | 107.4% |
Netherlands | 9.9 | 5.1 | 4.0 | 34.2 | 51.2% |
United States | 27.3 | 95.6 | 128 | 20.5 | -9.1% |
Taiwan (Chinese) | 3.6 | 4.4 | 13.0 | 10.0 | 40.6% |
Thailand | 1.9 | 2.3 | 6.9 | 5.4 | 41.6% |
South Africa | 38.2 | 65.2 | 4.2 | 3.0 | -57.2% |
Saudi Arabia | N/A | 288 | N/A | N/A | 0% |
Others | 121 | 119 | 612 | 205 | 19.2% |
Total | 444 | 918 | 1,247 | 780 | 20.7% |
Top Suppliers of Paper Sack and Bag to Nigeria in 2022:
- China (289.1 tons)
- Israel (144.9 tons)
- Spain (54.0 tons)
- India (41.8 tons)
- United States (18.9 tons)
- Taiwan (Chinese) (15.3 tons)
- Netherlands (14.3 tons)
- Kenya (14.2 tons)
- Thailand (12.0 tons)
- South Africa (2.4 tons)
Exports of Paper Sack and Bag in Nigeria
In 2022, approx. 6.9 tons of paper sacks and bags were exported from Nigeria; falling by -21.2% on 2021. Overall, exports recorded a precipitous contraction. The pace of growth was the most pronounced in 2021 with an increase of 73%.
In value terms, paper sack and bag exports contracted to $8.4K in 2022. Over the period under review, exports showed a significant contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 41% against the previous year.
Export of Paper Sack and Bag in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | N/A | N/A | 5.3 | 2.3 | -56.6% |
Ireland | 44.5 | 0.4 | 0.8 | 1.3 | -69.2% |
Australia | N/A | N/A | N/A | 1.1 | 0% |
Belgium | N/A | 0.2 | 1.0 | 1.1 | 134.5% |
Austria | 39.6 | 0.4 | 0.6 | 0.6 | -75.3% |
Cote d'Ivoire | 26.7 | 2.0 | 0.5 | 0.6 | -71.8% |
Benin | 6.2 | 0.2 | 0.2 | 0.3 | -63.6% |
South Africa | N/A | 0.1 | N/A | 0.1 | 0.0% |
Democratic Republic of the Congo | 72.4 | N/A | N/A | N/A | 0% |
Uganda | 32.9 | N/A | N/A | N/A | 0% |
Others | 5.1 | 3.8 | 1.3 | 1.0 | -41.9% |
Total | 227 | 7.0 | 9.8 | 8.4 | -66.7% |
Top Export Markets for Paper Sack and Bag from Nigeria in 2022:
- United States (2218.0 kg)
- Benin (1258.0 kg)
- Ireland (757.0 kg)
- Belgium (433.0 kg)
- Cote d'Ivoire (405.0 kg)
- Australia (205.0 kg)
- South Africa (113.0 kg)
- Austria (111.0 kg)
This report provides an in-depth analysis of the market for paper sack and bag 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 17211230 - Sacks and bags, with a base width . .40 cm, of paper, p aperboard, cellulose wadding or webs of cellulose fibres
- Prodcom 17211250 - Sacks and bags of paper, paperboard, cellulose wadding or webs of cellulose fibres (excluding those with a base width. .40 cm)
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
-
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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