Price for Cycles; Parts Thereof, Saddles in Nigeria - 2022
Contents:
- Price for Cycles; Parts Thereof, Saddles in Nigeria (CIF) - 2022
- Imports of Cycles; Parts Thereof, Saddles in Nigeria
Price for Cycles; Parts Thereof, Saddles in Nigeria (CIF) - 2022
The average cycles; parts thereof, saddles import price stood at $1.4 per unit in 2022, picking up by 246% against the previous year. In general, the import price saw a prominent expansion. Over the period under review, average import prices hit record highs at $2.9 per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($15 per unit), while the price for China ($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 India (+34.9%).
Imports of Cycles; Parts Thereof, Saddles in Nigeria
In 2022, cycles; parts thereof, saddles imports into Nigeria shrank markedly to 62K units, dropping by -93% compared with 2021. Over the period under review, imports recorded a dramatic decline. The smallest decline of -28.7% was in 2020. Imports peaked at 5M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, cycles; parts thereof, saddles imports contracted sharply to $90K in 2022. Overall, imports saw a sharp descent. The smallest decline of -24.6% was in 2020. Imports peaked at $1.3M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Cycles; Parts Thereof, Saddles in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | N/A | N/A | N/A | 63.7 | 0% |
| China | 1,172 | 883 | 335 | 17.1 | -75.6% |
| India | 120 | 96.3 | 8.8 | N/A | -72.9% |
| Others | 12.3 | 4.4 | 25.8 | 8.8 | -10.6% |
| Total | 1,304 | 984 | 369 | 89.5 | -59.1% |
Top Suppliers of Cycles; Parts Thereof, Saddles to Nigeria in 2022:
- India (undefinedK units)
- China (44.8K units)
- Hong Kong SAR (16.3K units)
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