| Product Code: ETC8621932 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria`s plastic import market continued to see a high level of concentration, with top exporters being Saudi Arabia, South Korea, China, South Africa, and Vietnam. Despite a negative CAGR of -4.95% from 2020 to 2024, there was a notable growth spike in 2024 with a growth rate of 10.28% compared to the previous year. This indicates a potential shift or resurgence in the market dynamics, highlighting opportunities for both Nigerian importers and foreign exporters to capitalize on the growing demand for plastic commodities in the country.

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 Commodity Plastic Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Commodity Plastic Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Commodity Plastic Market - Industry Life Cycle |
3.4 Nigeria Commodity Plastic Market - Porter's Five Forces |
3.5 Nigeria Commodity Plastic Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Commodity Plastic Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Nigeria Commodity Plastic Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for packaged goods and consumer products in Nigeria |
4.2.2 Increasing focus on sustainable and eco-friendly packaging solutions |
4.2.3 Rise in construction activities and infrastructure development driving demand for plastic products |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting production costs |
4.3.2 Environmental concerns leading to regulations on plastic usage and disposal |
5 Nigeria Commodity Plastic Market Trends |
6 Nigeria Commodity Plastic Market, By Types |
6.1 Nigeria Commodity Plastic Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Commodity Plastic Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Nigeria Commodity Plastic Market Revenues & Volume, By Pe, 2021- 2031F |
6.1.4 Nigeria Commodity Plastic Market Revenues & Volume, By Pp, 2021- 2031F |
6.1.5 Nigeria Commodity Plastic Market Revenues & Volume, By Pvc, 2021- 2031F |
6.1.6 Nigeria Commodity Plastic Market Revenues & Volume, By Ps, 2021- 2031F |
6.1.7 Nigeria Commodity Plastic Market Revenues & Volume, By Abs, 2021- 2031F |
6.1.8 Nigeria Commodity Plastic Market Revenues & Volume, By Pet, 2021- 2031F |
6.2 Nigeria Commodity Plastic Market, By End-use Industry |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Commodity Plastic Market Revenues & Volume, By Packaging, 2021- 2031F |
6.2.3 Nigeria Commodity Plastic Market Revenues & Volume, By Construction, 2021- 2031F |
6.2.4 Nigeria Commodity Plastic Market Revenues & Volume, By Consumer Goods, 2021- 2031F |
6.2.5 Nigeria Commodity Plastic Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.6 Nigeria Commodity Plastic Market Revenues & Volume, By Electronics, 2021- 2031F |
6.2.7 Nigeria Commodity Plastic Market Revenues & Volume, By Textiles, 2021- 2031F |
7 Nigeria Commodity Plastic Market Import-Export Trade Statistics |
7.1 Nigeria Commodity Plastic Market Export to Major Countries |
7.2 Nigeria Commodity Plastic Market Imports from Major Countries |
8 Nigeria Commodity Plastic Market Key Performance Indicators |
8.1 Percentage of recycled plastic used in manufacturing processes |
8.2 Number of new product innovations in eco-friendly packaging solutions |
8.3 Growth rate of plastic consumption in key industries such as FMCG, construction, and automotive |
9 Nigeria Commodity Plastic Market - Opportunity Assessment |
9.1 Nigeria Commodity Plastic Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Commodity Plastic Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Nigeria Commodity Plastic Market - Competitive Landscape |
10.1 Nigeria Commodity Plastic Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Commodity Plastic 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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