Nigeria: Photographic Paper Market 2024

Photographic Paper Market Size in Nigeria

The Nigerien photographic paper market dropped remarkably to $X in 2021, falling by -54.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a abrupt decline. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Photographic Paper Exports

Exports from Nigeria

For the ninth year in a row, Nigeria recorded decline in overseas shipments of photographic paper, paperboard and textiles, which decreased by -16.2% to X square meters in 2021. Overall, exports recorded a sharp reduction. The smallest decline of -1.7% was in 2013. The exports peaked at X square meters in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, photographic paper exports shrank significantly to $X in 2021. Over the period under review, exports showed a precipitous slump. The smallest decline of -3.5% was in 2014. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Burkina Faso (X square meters) was the main destination for photographic paper exports from Nigeria, accounting for a 89% share of total exports. Moreover, photographic paper exports to Burkina Faso exceeded the volume sent to the second major destination, Benin (X square meters), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Burkina Faso amounted to -18.0%.

In value terms, Burkina Faso ($X) remains the key foreign market for photographic paper, paperboard and textiles exports from Nigeria, comprising 90% of total exports. The second position in the ranking was taken by Benin ($X), with a 9.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Burkina Faso totaled -12.8%.

Export Prices by Country

In 2021, the average photographic paper export price amounted to $X per square meter, remaining stable against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 64%. As a result, the export price attained the peak level of $X per square meter. From 2015 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Burkina Faso ($X per square meter), while the average price for exports to Benin stood at $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+6.4%), while the prices for the other major destinations experienced a decline.

Photographic Paper Imports

Imports into Nigeria

In 2021, the amount of photographic paper, paperboard and textiles imported into Nigeria dropped rapidly to X square meters, falling by -55.7% compared with 2020. Over the period under review, imports showed a deep downturn. The growth pace was the most rapid in 2013 when imports increased by 109%. As a result, imports reached the peak of X square meters. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, photographic paper imports fell notably to $X in 2021. Overall, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 70% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X square meters), France (X square meters) and China (X square meters) were the main suppliers of photographic paper imports to Nigeria, together accounting for 34% of total imports. These countries were followed by Belgium, the Netherlands, Japan and Germany, which together accounted for a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of -11.9%), while imports for the other leaders experienced a decline.

In value terms, France ($X), the United Arab Emirates ($X) and Belgium ($X) were the largest photographic paper suppliers to Nigeria, with a combined 49% share of total imports.

The United Arab Emirates, with a CAGR of -8.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average photographic paper import price stood at $X per square meter in 2021, surging by 21% against the previous year. Over the period under review, the import price, however, continues to indicate a slight reduction. The growth pace was the most rapid in 2014 an increase of 54% against the previous year. Over the period under review, average import prices reached the peak figure at $X per square meter in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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