![]() ![]() Overall, the export price, however, continues to indicate a perceptible curtailment. In 2021, the average plastic bottle export price amounted to $X per ton, rising by 107% against the previous year. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+27.7% per year) and Germany (-25.8% per year). ![]() It was followed by Germany, with a 5.5% share.įrom 2012 to 2021, the average annual rate of growth in terms of value to Niger totaled +4.7%. The second position in the ranking was held by Italy ($X), with a 20% share of total exports. In value terms, Niger ($X) emerged as the key foreign market for plastic bottle exports from Nigeria, comprising 52% of total exports. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (-0.2% per year) and Italy (+45.8% per year). Italy (X tons) ranked third in terms of total exports with a 13% share.įrom 2012 to 2021, the average annual growth rate of volume to Niger amounted to -5.5%. Moreover, plastic bottle exports to Niger exceeded the volume sent to the second major destination, Benin (X tons), fourfold. Niger (X tons) was the main destination for plastic bottle exports from Nigeria, accounting for a 61% share of total exports. Over the period under review, the exports attained the peak figure at $X in 2014 however, from 2015 to 2021, the exports stood at a somewhat lower figure. The growth pace was the most rapid in 2020 when exports increased by 107%. In general, exports faced a sharp downturn. In value terms, plastic bottle exports expanded significantly to $X in 2021. The exports peaked at X tons in 2013 however, from 2014 to 2021, the exports remained at a lower figure. The pace of growth was the most pronounced in 2020 when exports increased by 119%. Overall, exports recorded a abrupt decline. ![]() X tons of carboys, bottles and similar articles of plastics were exported from Nigeria declining by -46.4% against the year before. Plastic Bottle Exports Exports from Nigeria Plastic bottle production peaked at $X in 2014 however, from 2015 to 2021, production failed to regain momentum. The growth pace was the most rapid in 2013 with an increase of 72%. Based on 2021 figures, production decreased by -11.1% against 2019 indices. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Overall, the total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. In value terms, plastic bottle production rose rapidly to $X in 2021 estimated in export price. Plastic bottle consumption peaked at $X in 2014 however, from 2015 to 2021, consumption stood at a somewhat lower figure. Based on 2021 figures, consumption decreased by -10.5% against 2019 indices. In general, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The Nigerien plastic bottle market rose markedly to $X in 2021, growing by 13% against the previous year. This partnership with local artists is just one of our many initiatives to reduce our environmental impact as well as join the global movement to advance sustainable development.Nigeria: Plastic Bottle Market 2023 Plastic Bottle Market Size in Nigeria We will be working with local artists to recycle used PET bottles into fascinating art works. So, we have already put in place measures to ensure we protect the environment. Ndegwu also mentioned that the company has drafted a means to control the dangers the plastic bottles might pose to the environment, saying, “As responsible corporate citizens, we are also aware of the dangers used plastics pose to the environment. We recognise that our consumers are always on the move and so these portable PET bottles will provide a convenient means for them to enjoy their Malta Guinness, Dubic Malt and Orijin Zero on-the-go.” “Our consumers are always at the heart of what we do and the launch of these PET bottles is no exception. Peter Ndegwu, during the media tour and launch of a PET bottle new format for its adult premium non-alcoholic drinks, Malta Guinness classic, Dubic Malt and Origin Zero, which will be available in 33cl. This was revealed by the Managing Director, Guinness Nigeria, Mr. Guinness Nigeria Plc has announced the creation of 60 new jobs, as one of its commitment to investing more in the future of Nigerian economy. ![]()
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