| Product Code: ETC425265 | Publication Date: Oct 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 continued to rely heavily on imports of galvanized iron wire, with major suppliers including China, India, South Africa, Luxembourg, and Germany. The High Herfindahl-Hirschman Index (HHI) indicates a market concentration among these top exporting countries. Despite a negative Compound Annual Growth Rate (CAGR) of -2.39% from 2020 to 2024, the sharp decline in growth rate from 2023 to 2024 at -94.23% suggests a significant downturn in import demand for galvanized iron wire in Nigeria. This trend underscores the need for market players to reassess strategies and adapt to changing dynamics in the industry.

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 Galvanized Iron Wire Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Galvanized Iron Wire Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Galvanized Iron Wire Market - Industry Life Cycle |
3.4 Nigeria Galvanized Iron Wire Market - Porter's Five Forces |
3.5 Nigeria Galvanized Iron Wire Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Nigeria Galvanized Iron Wire Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Galvanized Iron Wire Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in construction and infrastructure projects in Nigeria |
4.2.2 Increasing demand for durable and corrosion-resistant materials |
4.2.3 Expansion of the manufacturing sector in Nigeria |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices |
4.3.2 Competition from alternative materials such as PVC-coated wires |
4.3.3 Economic instability and currency fluctuations in Nigeria |
5 Nigeria Galvanized Iron Wire Market Trends |
6 Nigeria Galvanized Iron Wire Market, By Types |
6.1 Nigeria Galvanized Iron Wire Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Galvanized Iron Wire Market Revenues & Volume, By Product, 2021 - 2031F |
6.1.3 Nigeria Galvanized Iron Wire Market Revenues & Volume, By Hot Galvanized Iron Wire, 2021 - 2031F |
6.1.4 Nigeria Galvanized Iron Wire Market Revenues & Volume, By Cold Galvanized Iron Wire, 2021 - 2031F |
6.2 Nigeria Galvanized Iron Wire Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Galvanized Iron Wire Market Revenues & Volume, By Building, 2021 - 2031F |
6.2.3 Nigeria Galvanized Iron Wire Market Revenues & Volume, By Handicrafts, 2021 - 2031F |
6.2.4 Nigeria Galvanized Iron Wire Market Revenues & Volume, By Weaving Screen, 2021 - 2031F |
6.2.5 Nigeria Galvanized Iron Wire Market Revenues & Volume, By Wipe Wall Net, 2021 - 2031F |
6.2.6 Nigeria Galvanized Iron Wire Market Revenues & Volume, By Highway Guardrail, 2021 - 2031F |
6.2.7 Nigeria Galvanized Iron Wire Market Revenues & Volume, By Packaging, 2021 - 2031F |
6.2.8 Nigeria Galvanized Iron Wire Market Revenues & Volume, By Others, 2021 - 2031F |
6.2.9 Nigeria Galvanized Iron Wire Market Revenues & Volume, By Others, 2021 - 2031F |
7 Nigeria Galvanized Iron Wire Market Import-Export Trade Statistics |
7.1 Nigeria Galvanized Iron Wire Market Export to Major Countries |
7.2 Nigeria Galvanized Iron Wire Market Imports from Major Countries |
8 Nigeria Galvanized Iron Wire Market Key Performance Indicators |
8.1 Average selling price of galvanized iron wire |
8.2 Number of new infrastructure projects initiated in Nigeria |
8.3 Percentage of market share held by local manufacturers |
8.4 Import/export volume of galvanized iron wire in Nigeria |
8.5 Adoption rate of galvanized iron wire in various industries in Nigeria |
9 Nigeria Galvanized Iron Wire Market - Opportunity Assessment |
9.1 Nigeria Galvanized Iron Wire Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Nigeria Galvanized Iron Wire Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Galvanized Iron Wire Market - Competitive Landscape |
10.1 Nigeria Galvanized Iron Wire Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Galvanized Iron Wire Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |