| Product Code: ETC8636249 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria continued to heavily rely on imports of structural core materials, with China, Turkey, South Africa, Brazil, and Gabon emerging as the top exporting countries. Despite a high Herfindahl-Hirschman Index indicating market concentration, the industry faced significant challenges with a negative compound annual growth rate of -20.24% from 2020 to 2024. The growth rate plummeted further by -32.32% in 2024, reflecting a tough market environment for import shipments of structural core materials 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 Structural Core Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Structural Core Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Structural Core Market - Industry Life Cycle |
3.4 Nigeria Structural Core Market - Porter's Five Forces |
3.5 Nigeria Structural Core Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Structural Core Market Revenues & Volume Share, By Outer skin, 2021 & 2031F |
3.7 Nigeria Structural Core Market Revenues & Volume Share, By End user, 2021 & 2031F |
4 Nigeria Structural Core Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and population growth in Nigeria leading to higher demand for structural core products. |
4.2.2 Growth in construction and infrastructure development projects in Nigeria. |
4.2.3 Government initiatives and investments in the construction sector to drive market growth. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting the cost of production. |
4.3.2 Challenges in obtaining permits and approvals for construction projects in Nigeria. |
4.3.3 Economic uncertainty and currency fluctuations affecting investment in the construction sector. |
5 Nigeria Structural Core Market Trends |
6 Nigeria Structural Core Market, By Types |
6.1 Nigeria Structural Core Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Structural Core Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Nigeria Structural Core Market Revenues & Volume, By Foam, 2021- 2031F |
6.1.4 Nigeria Structural Core Market Revenues & Volume, By Honeycomb, 2021- 2031F |
6.1.5 Nigeria Structural Core Market Revenues & Volume, By Balsa, 2021- 2031F |
6.2 Nigeria Structural Core Market, By Outer skin |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Structural Core Market Revenues & Volume, By GFRP, 2021- 2031F |
6.2.3 Nigeria Structural Core Market Revenues & Volume, By CFRP, 2021- 2031F |
6.2.4 Nigeria Structural Core Market Revenues & Volume, By NFRP, 2021- 2031F |
6.3 Nigeria Structural Core Market, By End user |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Structural Core Market Revenues & Volume, By Aerospace, 2021- 2031F |
6.3.3 Nigeria Structural Core Market Revenues & Volume, By Wind Energy, 2021- 2031F |
6.3.4 Nigeria Structural Core Market Revenues & Volume, By Marine, 2021- 2031F |
6.3.5 Nigeria Structural Core Market Revenues & Volume, By Transportation, 2021- 2031F |
6.3.6 Nigeria Structural Core Market Revenues & Volume, By Construction, 2021- 2031F |
7 Nigeria Structural Core Market Import-Export Trade Statistics |
7.1 Nigeria Structural Core Market Export to Major Countries |
7.2 Nigeria Structural Core Market Imports from Major Countries |
8 Nigeria Structural Core Market Key Performance Indicators |
8.1 Number of new construction projects initiated in Nigeria. |
8.2 Percentage of urban population growth in key cities. |
8.3 Infrastructure spending as a percentage of GDP in Nigeria. |
9 Nigeria Structural Core Market - Opportunity Assessment |
9.1 Nigeria Structural Core Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Structural Core Market Opportunity Assessment, By Outer skin, 2021 & 2031F |
9.3 Nigeria Structural Core Market Opportunity Assessment, By End user, 2021 & 2031F |
10 Nigeria Structural Core Market - Competitive Landscape |
10.1 Nigeria Structural Core Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Structural Core 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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