Product Code: ETC019509 | Publication Date: Oct 2020 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Nigeria Leather Goods market currently, in 2023, has witnessed an HHI of 3742, Which has decreased moderately as compared to the HHI of 5110 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Nigeria Leather Goods Market is expanding due to the rising demand for fashion and lifestyle products made from leather. Leather goods, including bags, shoes, and accessories, are valued for their durability and aesthetic appeal. The market is driven by increasing disposable incomes and changing fashion trends. The growth of e-commerce platforms and the presence of international and local brands are also contributing to the market`s expansion.
The Nigeria leather goods market is growing due to rising consumer demand for premium and durable leather products, including footwear, bags, and accessories. The expansion of the fashion industry and increasing disposable incomes are also contributing to market growth.
The Nigeria Leather Goods Market faces challenges such as competition from low-cost imports and counterfeit products. Local manufacturers struggle to compete with cheaper imported goods, affecting their market share. Additionally, there is a lack of investment in modern machinery and technology, leading to lower production efficiency and quality. The market also suffers from a shortage of skilled labor and artisans, which affects the craftsmanship and innovation in leather goods production.
The Nigeria government has been fostering the growth of the leather goods market through various policies aimed at enhancing local production and export capabilities. These policies include financial incentives for leather goods manufacturers, such as tax breaks and grants for setting up production facilities. The government also supports trade fairs and international marketing campaigns to promote Nigeria leather goods. Efforts are being made to improve the quality of locally produced leather through better tanning processes and quality control standards.
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 Leather goods Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Leather goods Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Leather goods Market - Industry Life Cycle |
3.4 Nigeria Leather goods Market - Porter's Five Forces |
3.5 Nigeria Leather goods Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Nigeria Leather goods Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Nigeria Leather goods Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Nigeria Leather goods Market Trends |
6 Nigeria Leather goods Market, By Types |
6.1 Nigeria Leather goods Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Leather goods Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Nigeria Leather goods Market Revenues & Volume, By Footwear, 2021-2031F |
6.1.4 Nigeria Leather goods Market Revenues & Volume, By Luggage, 2021-2031F |
6.1.5 Nigeria Leather goods Market Revenues & Volume, By Wallets & Purses, 2021-2031F |
6.1.6 Nigeria Leather goods Market Revenues & Volume, By Clothing and Apparel, 2021-2031F |
6.1.7 Nigeria Leather goods Market Revenues & Volume, By Others, 2021-2031F |
6.2 Nigeria Leather goods Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Leather goods Market Revenues & Volume, By Supermarkets/Hypermarkets, 2021-2031F |
6.2.3 Nigeria Leather goods Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.2.4 Nigeria Leather goods Market Revenues & Volume, By Online Stores, 2021-2031F |
7 Nigeria Leather goods Market Import-Export Trade Statistics |
7.1 Nigeria Leather goods Market Export to Major Countries |
7.2 Nigeria Leather goods Market Imports from Major Countries |
8 Nigeria Leather goods Market Key Performance Indicators |
9 Nigeria Leather goods Market - Opportunity Assessment |
9.1 Nigeria Leather goods Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Nigeria Leather goods Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Nigeria Leather goods Market - Competitive Landscape |
10.1 Nigeria Leather goods Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Leather goods Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |