| Product Code: ETC8633006 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Despite a significant decline in the compound annual growth rate (CAGR) from 2020-2024, the Nigeria polyurethane (PU) sole import market experienced a notable growth rate of 48.57% in 2024. The concentration of imports remained high, with top exporting countries such as China, Spain, Italy, Hong Kong, and India dominating the market. This suggests a continued strong demand for PU soles in Nigeria, with these countries playing a crucial role in supplying quality products to meet market needs.

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 Polyurethane (PU) Sole Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Polyurethane (PU) Sole Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Polyurethane (PU) Sole Market - Industry Life Cycle |
3.4 Nigeria Polyurethane (PU) Sole Market - Porter's Five Forces |
3.5 Nigeria Polyurethane (PU) Sole Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Nigeria Polyurethane (PU) Sole Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Polyurethane (PU) Sole Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for durable and comfortable footwear in Nigeria |
4.2.2 Growing awareness about the benefits of polyurethane (PU) soles, such as light weight and shock absorption |
4.2.3 Expansion of the footwear manufacturing industry in Nigeria |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Competition from other types of sole materials, such as rubber or EVA |
4.3.3 Economic instability affecting consumer purchasing power |
5 Nigeria Polyurethane (PU) Sole Market Trends |
6 Nigeria Polyurethane (PU) Sole Market, By Types |
6.1 Nigeria Polyurethane (PU) Sole Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Polyurethane (PU) Sole Market Revenues & Volume, By Raw Material, 2021- 2031F |
6.1.3 Nigeria Polyurethane (PU) Sole Market Revenues & Volume, By Methylene Diisocyanate, 2021- 2031F |
6.1.4 Nigeria Polyurethane (PU) Sole Market Revenues & Volume, By Toluene Diisocyanate, 2021- 2031F |
6.1.5 Nigeria Polyurethane (PU) Sole Market Revenues & Volume, By Polyols, 2021- 2031F |
6.2 Nigeria Polyurethane (PU) Sole Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Polyurethane (PU) Sole Market Revenues & Volume, By Casuals, 2021- 2031F |
6.2.3 Nigeria Polyurethane (PU) Sole Market Revenues & Volume, By Boots, 2021- 2031F |
6.2.4 Nigeria Polyurethane (PU) Sole Market Revenues & Volume, By Slipper and Sandals, 2021- 2031F |
6.2.5 Nigeria Polyurethane (PU) Sole Market Revenues & Volume, By Sports, 2021- 2031F |
6.2.6 Nigeria Polyurethane (PU) Sole Market Revenues & Volume, By Formals, 2021- 2031F |
6.2.7 Nigeria Polyurethane (PU) Sole Market Revenues & Volume, By Leisure, 2021- 2031F |
7 Nigeria Polyurethane (PU) Sole Market Import-Export Trade Statistics |
7.1 Nigeria Polyurethane (PU) Sole Market Export to Major Countries |
7.2 Nigeria Polyurethane (PU) Sole Market Imports from Major Countries |
8 Nigeria Polyurethane (PU) Sole Market Key Performance Indicators |
8.1 Average selling price of PU sole products in Nigeria |
8.2 Adoption rate of PU soles by footwear manufacturers in Nigeria |
8.3 Number of new product innovations and technologies related to PU soles introduced in the market |
9 Nigeria Polyurethane (PU) Sole Market - Opportunity Assessment |
9.1 Nigeria Polyurethane (PU) Sole Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Nigeria Polyurethane (PU) Sole Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Polyurethane (PU) Sole Market - Competitive Landscape |
10.1 Nigeria Polyurethane (PU) Sole Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Polyurethane (PU) Sole 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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