Lawn-Tennis Balls Price in Nigeria - 2022

Lawn-Tennis Balls Price in Nigeria (CIF) - 2022

In 2022, the average lawn-tennis balls import price amounted to $0.7 per unit, reducing by -8.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The pace of growth appeared the most rapid in 2015 when the average import price increased by 39% against the previous year. As a result, import price reached the peak level of $0.8 per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Philippines ($1.1 per unit), while the price for the United Arab Emirates ($0.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Lawn-Tennis Balls Price in Nigeria (FOB) - 2022

In 2022, the average lawn-tennis balls export price amounted to $0.9 per unit, remaining stable against the previous year. In general, the export price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2017 when the average export price decreased by -26.5%. Over the period under review, the average export prices reached the peak figure at $1.1 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Benin.

From 2013 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to +39.5% per year.

Lawn-Tennis Balls Imports in Nigeria

In 2022, overseas purchases of lawn-tennis ballses increased by 60% to 28K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a precipitous descent. Over the period under review, imports hit record highs at 151K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, lawn-tennis balls imports skyrocketed to $19K in 2022. Over the period under review, imports, however, recorded a significant decline. Imports peaked at $92K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Lawn-Tennis Balls in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	29.9	9.1	5.1	7.1	-38.1%
Philippines	22.1	6.8	3.8	6.5	-33.5%
China	5.8	2.6	1.5	2.1	-28.7%
United Arab Emirates	9.9	2.0	0.6	1.1	-51.9%
Thailand	16.2	2.1	1.0	1.1	-59.2%
Netherlands	1.2	N/A	0.2	0.3	-37.0%
South Africa	2.7	0.2	N/A	N/A	-92.6%
Others	4.5	1.8	0.5	0.3	-59.5%
Total	92.3	24.5	12.7	18.6	-41.4%

Top Suppliers of Lawn-Tennis Balls to Nigeria in 2022:

Germany (11.8K units)
Philippines (5.7K units)
China (5.0K units)
United Arab Emirates (2.6K units)
Thailand (1.4K units)
Netherlands (0.5K units)
South Africa (0.1K units)

Lawn-Tennis Balls Exports in Nigeria

In 2022, after two years of decline, there was decline in shipments abroad of lawn-tennis ballses, when their volume decreased by 0% to 464 units. In general, exports continue to indicate a abrupt downturn. The smallest decline of 99.9% was in 2020. Over the period under review, the exports attained the maximum at 735 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, lawn-tennis balls exports amounted to $426 in 2022. Over the period under review, exports showed a abrupt contraction. The smallest decline of 99.9% was in 2020. The exports peaked at $811 in 2019; however, from 2020 to 2022, the exports failed to regain momentum.