Nigeria’s plastics industry is fast growing
The Country Cluster of EUROMAP-European Plastics and Rubber Machinery confirms significant growth for Nigeria.
Nigeria is Africa’s third largest importer of plastics in primary forms
With 72% of raw materials imported (mainly from the Middle East, Europe and Asia) and only 28% produced locally, the Nigerian market has great potential for exporters of plastics in primary forms.
In the years 2008 to 2017, for example, imports of plastic raw materials increased annually by 5.2% from 464 kt to 729 kt, +57%! This makes Nigeria, after Egypt and Algeria, Africa‘s third largest importer of plastics in primary forms!
Being the largest importer of plastics technology in Sub-Sahara Africa Nigeria invests heavily in its plastics industry
- With 115 million euros in 2018 (+21% compared to 2017), Nigeria is the second largest importer of plastics technology in Sub-Sahara Africa, just behind South Africa (125 million euros).
- But while South Africa's imports not only failed to grow between 2014 and 2018, but even dropped from 132 to 125 million euros, Nigeria's imports increased by an average of 7.2% per year over the same period.
- SoNigeria will soon overtake South Africa. And due to its high and sustained investment in its plastics industry and its immense population of 200 million, which according to the United Nations will increase to 400 million by 2050, it is all too likely that Nigeria will become the number one in Africa within the next five years. A position the country is likely to take in the long term.
Nigeria is the 2nd largest importer of printing & paper processing technology in Sub-Sahara Africa (in million Euro)
- Second only to South Africa and ahead of Kenya, Nigeria is the second largest buyer of printing & paper processing technology in sub-Saharan Africa.
- Nigeria’s imports of such technology increased by 24% in 2018, from 42 to 52 million euro.
Nigeria soon to become the largest importer of packaging technology in sub-Saharan Africa.
Enormous population growth and high sustainable investments in its packaging industry
- With 158 million euros in 2018, Nigeria is the second largest importer of packaging tech- nology in sub-Saharan Africa, just behind South Africa (175 million euros).
- But while South Africa‘s imports failed to grow, Nigeria‘s imports increased by an average of 10.2% per year between 2015 and 2018. So Nigeria will soon be passing South Africa by.
- Nigeria’s immense population of currently 200 million, which according to the United Nations will rise to 400 million by 2050, requires strong sustainable growth. This is why Nigeria invests heavily in its packaging industry