Price for Baby Carriages and Parts Thereof in Nigeria - 2022

Contents:

1. Price for Baby Carriages and Parts Thereof in Nigeria (CIF) - 2022
2. Price for Baby Carriages and Parts Thereof in Nigeria (FOB) - 2022
3. Imports of Baby Carriages and Parts Thereof in Nigeria
4. Exports of Baby Carriages and Parts Thereof in Nigeria

Price for Baby Carriages and Parts Thereof in Nigeria (CIF) - 2022

The average import price for baby carriages and parts thereoves stood at $13.2 per unit in June 2022, with an increase of 3.7% against the previous month. Over the period under review, import price indicated a slight increase from June 2021 to June 2022: its price increased at an average monthly rate of +1.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2022 figures, baby carriages and parts thereof import price increased by +50.5% against February 2022 indices. The pace of growth was the most pronounced in December 2021 when the average import price increased by 37% month-to-month. Over the period under review, average import prices hit record highs in June 2022.

Prices varied noticeably by the country of origin: the country with the highest price was Hong Kong SAR ($38.4 per unit), while the price for Kenya ($3.4 per unit) was amongst the lowest.

From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+22.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Baby Carriages and Parts Thereof in Nigeria (FOB) - 2022

The average export price for baby carriages and parts thereoves stood at $26 per unit in 2022, picking up by 6% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 66%. The export price peaked at $74 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sao Tome and Principe ($127 per unit), while the average price for exports to Niger ($5.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+32.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Baby Carriages and Parts Thereof in Nigeria

In 2022, imports of baby carriages and parts thereoves into Nigeria skyrocketed to 6.7M units, increasing by 43% compared with 2021 figures. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 911%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, baby carriages and parts thereof imports soared to $67M in 2022. In general, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 513% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Baby Carriages and Parts Thereof to Nigeria in 2022:

1. China (6.4M units)
2. Hong Kong SAR (0.2M units)
3. Thailand (0.1M units)

Exports of Baby Carriages and Parts Thereof in Nigeria

In 2022, shipments abroad of baby carriages and parts thereoves decreased by -21.7% to 18 units for the first time since 2019, thus ending a two-year declining trend. In general, exports faced a precipitous setback. Over the period under review, the exports hit record highs at 64 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, baby carriages and parts thereof exports dropped significantly to $462 in 2022. Overall, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by 50%. Over the period under review, the exports reached the maximum at $629 in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Baby Carriages and Parts Thereof from Nigeria in 2022:

1. Angola (7.0 units)
2. Niger (7.0 units)
3. South Africa (1.0 units)
4. Uganda (1.0 units)
5. Cote d'Ivoire (1.0 units)

Source: IndexBox Market Intelligence Platform