| Product Code: ETC285949 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria`s canvas frames import market continued to be dominated by key exporting countries such as China, Switzerland, Indonesia, India, and Ghana. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a remarkable compound annual growth rate (CAGR) of 76.73% between 2020-2024, the market experienced a downturn in 2024 with a growth rate of -27.9%. This fluctuation suggests potential shifts in supply and demand dynamics, highlighting the importance of monitoring trends and adapting strategies in this competitive market.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Canvas Frames Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Canvas Frames Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Canvas Frames Market - Industry Life Cycle |
3.4 Nigeria Canvas Frames Market - Porter's Five Forces |
3.5 Nigeria Canvas Frames Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Canvas Frames Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Nigeria Canvas Frames Market Revenues & Volume Share, By Distribution Channels, 2021 & 2031F |
4 Nigeria Canvas Frames Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for home decor and interior design solutions in Nigeria |
4.2.2 Growing awareness and appreciation for art and photography in the country |
4.2.3 Rising disposable income levels leading to higher spending on luxury items like canvas frames |
4.3 Market Restraints |
4.3.1 High import tariffs and taxes on raw materials impacting production costs |
4.3.2 Limited availability of skilled artisans and craftsmen for creating high-quality canvas frames in Nigeria |
5 Nigeria Canvas Frames Market Trends |
6 Nigeria Canvas Frames Market, By Types |
6.1 Nigeria Canvas Frames Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Canvas Frames Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Nigeria Canvas Frames Market Revenues & Volume, By Oil Type Painting Frame, 2021 - 2031F |
6.1.4 Nigeria Canvas Frames Market Revenues & Volume, By Acrylic Type Painting Frame, 2021 - 2031F |
6.1.5 Nigeria Canvas Frames Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Nigeria Canvas Frames Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Canvas Frames Market Revenues & Volume, By Artist, 2021 - 2031F |
6.2.3 Nigeria Canvas Frames Market Revenues & Volume, By Art Student, 2021 - 2031F |
6.2.4 Nigeria Canvas Frames Market Revenues & Volume, By Art Lovers, 2021 - 2031F |
6.2.5 Nigeria Canvas Frames Market Revenues & Volume, By Other, 2021 - 2031F |
6.3 Nigeria Canvas Frames Market, By Distribution Channels |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Canvas Frames Market Revenues & Volume, By Direct Sales, 2021 - 2031F |
6.3.3 Nigeria Canvas Frames Market Revenues & Volume, By Hypermarkets/ Supermarkets, 2021 - 2031F |
6.3.4 Nigeria Canvas Frames Market Revenues & Volume, By Online retailing, 2021 - 2031F |
6.3.5 Nigeria Canvas Frames Market Revenues & Volume, By Others, 2021 - 2031F |
7 Nigeria Canvas Frames Market Import-Export Trade Statistics |
7.1 Nigeria Canvas Frames Market Export to Major Countries |
7.2 Nigeria Canvas Frames Market Imports from Major Countries |
8 Nigeria Canvas Frames Market Key Performance Indicators |
8.1 Percentage growth in the number of art galleries and exhibitions in Nigeria |
8.2 Average spending on home decor items per household in Nigeria |
8.3 Number of new entrants in the canvas frames market in Nigeria |
9 Nigeria Canvas Frames Market - Opportunity Assessment |
9.1 Nigeria Canvas Frames Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Canvas Frames Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Nigeria Canvas Frames Market Opportunity Assessment, By Distribution Channels, 2021 & 2031F |
10 Nigeria Canvas Frames Market - Competitive Landscape |
10.1 Nigeria Canvas Frames Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Canvas Frames Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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