Market research

Natural latex in primary forms market in Nigeria

$Natural latex in primary forms market in Nigeria$

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Submission method: to your account

File format: docx, xlsx

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Earlier Report Observations

Between 2018 and 2023, the Nigerian market for natural latex in primary forms moved through distinct phases. Initial volumes remained stable at around 56 000 t.

A contraction in 2020 reduced consumption to approximately 51 000 t. The market then recovered decisively, with volume rising to 58 785 t in 2022 and reaching 63 641 t by 2023.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Nigeria
  1. 5.1.1. Annual dynamics of production in Nigeria in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Nigeria in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Nigeria in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Nigeria by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Nigeria in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Nigeria by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Nigeria, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Nigeria by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Nigeria in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Nigeria by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Nigeria in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Nigeria by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Nigeria, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Nigeria by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Nigeria in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Nigeria by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Nigeria in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Nigeria by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Nigeria, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Nigeria by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Nigeria in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Nigeria by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Nigeria in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Nigeria by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Nigeria, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Nigeria by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production natural latex in primary forms in Nigeria

In kind, 2017-2020, t

Globally, Nigeria ranked as the 17th largest producer of natural latex in primary forms from 2017 to 2020.

Top producers of natural latex in primary forms, 2017-2020

Source: SHEV.io

World map of production of natural latex in primary forms, 2017-2020

Source: SHEV.io

Following two years of growth, Nigeria's production of natural latex in primary forms declined. In 2020, the country produced 51 300 tonnes, marking an 8.9% decrease from the previous year. Over the 2017-2020 period, production fell by 3.2%, with a compound annual growth rate of 1.1%. The highest production level was recorded in 2019 at 56 300 tonnes, while the largest annual increase occurred in 2018 at 6.0%.

Annual dynamics of production in Nigeria in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	6.0%	0.2%	(8.9%)	(1.1%)

Source: SHEV.io

Exports natural latex in primary forms from Nigeria

Exports in kind, t

Annual dynamics of product's exports from Nigeria in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, the United Kingdom and Germany dominated Nigeria's exports of natural latex in primary forms in kind, together accounting for 100.0% of total shipments.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Nigeria in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Annual dynamics of product's exports from Nigeria in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

During 2017-2020, the United Kingdom and Germany were the key players in Nigeria's exports of natural latex in primary forms in value terms, jointly representing 100.0% of total flows.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Nigeria in value, 2017-2020

Source: SHEV.io

Imports natural latex in primary forms to Nigeria

Imports in kind, t

The market displayed an unstable trend throughout the period. Volumes reached their peak in 2018 and fell to their lowest point in 2020, representing an 85-fold difference. In 2020, Nigeria imported 0.4 tonnes of natural latex in primary forms, showing a sharp decline of 33.1% compared to 2019. The maximum volume was recorded in 2018 at 35.5 tonnes. The largest annual decrease occurred in 2019 at 98.2%, while the largest increase was in 2018 at 37.2%.

Annual dynamics of product's imports to Nigeria in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	37.2%	(98.2%)	(33.1%)	(74.7%)

Source: SHEV.io

Between 2017 and 2020, China and Malaysia were the primary sources for Nigeria's imports of natural latex in primary forms in kind, together making up 84.6% of total flows, with other partners contributing much less individually.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Nigeria in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

The market experienced volatility during the observed period. Imports reached their highest level in 2018 and their lowest in 2020, with a 7.4-fold difference between these years. In 2020, Nigeria imported approximately 10.8 thousand US dollars worth of natural latex in primary forms, indicating a 48.2% reduction from 2019. The maximum value was recorded in 2018 at 80.1 thousand US dollars. The largest annual decline occurred in 2019 at 74.0%, while the largest increase was in 2018 at 87.1%.

Annual dynamics of product's imports to Nigeria in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	87.1%	(74.0%)	(48.2%)	(36.8%)

Source: SHEV.io

From 2017 to 2020, Malaysia (45.4% of imports in value terms), China (23.6%), and the United Kingdom (10.9%) together accounted for 79.9% of Nigeria's total imports in value terms of natural latex in primary forms, establishing them as the main sources.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Nigeria in value, 2017-2020

Source: SHEV.io