| Product Code: ETC418485 | 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 |
The modeling paste import market in Nigeria saw a significant shift in 2024, with top exporting countries like China, India, Germany, South Africa, and South Korea dominating the shipments. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), increased from moderate to high levels within a year. Despite a notable negative compound annual growth rate (CAGR) of -24.59% from 2020 to 2024, the market experienced a slightly improved growth rate of -24.13% from 2023 to 2024. This indicates a challenging yet evolving landscape for modeling paste imports in Nigeria.

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 Modeling Paste Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Modeling Paste Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Modeling Paste Market - Industry Life Cycle |
3.4 Nigeria Modeling Paste Market - Porter's Five Forces |
3.5 Nigeria Modeling Paste Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Modeling Paste Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Modeling Paste Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for personal grooming products in Nigeria |
4.2.2 Growing awareness about hair styling and grooming among the younger population |
4.2.3 Rising disposable income levels leading to higher spending on beauty products |
4.3 Market Restraints |
4.3.1 Competition from other hair styling products in the market |
4.3.2 Fluctuating raw material prices impacting production costs |
5 Nigeria Modeling Paste Market Trends |
6 Nigeria Modeling Paste Market, By Types |
6.1 Nigeria Modeling Paste Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Modeling Paste Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Nigeria Modeling Paste Market Revenues & Volume, By White, 2021 - 2031F |
6.1.4 Nigeria Modeling Paste Market Revenues & Volume, By Red, 2021 - 2031F |
6.1.5 Nigeria Modeling Paste Market Revenues & Volume, By Green, 2021 - 2031F |
6.1.6 Nigeria Modeling Paste Market Revenues & Volume, By Black, 2021 - 2031F |
6.1.7 Nigeria Modeling Paste Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Nigeria Modeling Paste Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Modeling Paste Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.2.3 Nigeria Modeling Paste Market Revenues & Volume, By Residential, 2021 - 2031F |
7 Nigeria Modeling Paste Market Import-Export Trade Statistics |
7.1 Nigeria Modeling Paste Market Export to Major Countries |
7.2 Nigeria Modeling Paste Market Imports from Major Countries |
8 Nigeria Modeling Paste Market Key Performance Indicators |
8.1 Percentage of population using modeling paste for hair styling |
8.2 Number of new product launches in the modeling paste market |
8.3 Average spending on hair styling products per capita in Nigeria |
9 Nigeria Modeling Paste Market - Opportunity Assessment |
9.1 Nigeria Modeling Paste Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Modeling Paste Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Modeling Paste Market - Competitive Landscape |
10.1 Nigeria Modeling Paste Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Modeling Paste 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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