Price for New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Nigeria - 2022
Contents:
- Price for New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Nigeria (CIF) - 2022
- Price for New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Nigeria (FOB) - 2022
- Imports of New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Nigeria
- Exports of New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Nigeria
Price for New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Nigeria (CIF) - 2022
In 2022, the average import price for new pneumatic tyres having herring-bone or similar tread, for light industrial vehicleses amounted to $53 per unit, increasing by 4.5% against the previous year. In general, the import price, however, faced a abrupt descent. The pace of growth appeared the most rapid in 2015 when the average import price increased by 108% against the previous year. As a result, import price attained the peak level of $241 per unit. From 2016 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($635 per unit), while the price for the United States ($9.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+16.2%), while the prices for the other major suppliers experienced a decline.
Price for New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Nigeria (FOB) - 2022
The average export price for new pneumatic tyres having herring-bone or similar tread, for light industrial vehicleses stood at $51 per unit in 2022, growing by 6.3% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2013 when the average export price increased by 116% against the previous year. As a result, the export price attained the peak level of $152 per unit. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Niger ($63 per unit), while the average price for exports to Benin ($3 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 Niger (+0.5%), while the prices for the other major destinations experienced a decline.
Imports of New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Nigeria
In 2022, after three years of growth, there was significant decline in overseas purchases of new pneumatic tyres having herring-bone or similar tread, for light industrial vehicleses, when their volume decreased by -25.6% to 49K units. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 376%. Imports peaked at 65K units in 2021, and then shrank remarkably in the following year.
In value terms, imports of new pneumatic tyres having herring-bone or similar tread, for light industrial vehicleses reduced notably to $2.6M in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 407%. Imports peaked at $3.3M in 2021, and then shrank notably in the following year.
| Import of New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 139 | 697 | 1,645 | 1,434 | 117.7% |
| India | 1.8 | 588 | 540 | 480 | 543.7% |
| Japan | 60.0 | 214 | 408 | 356 | 81.0% |
| Brazil | 38.3 | 58.9 | 47.3 | 63.3 | 18.2% |
| Taiwan (Chinese) | 49.8 | 14.0 | 50.4 | 44.7 | -3.5% |
| United States | 12.9 | 5.9 | 3.5 | 10.1 | -7.8% |
| Spain | 1.0 | N/A | 94.0 | N/A | 869.5% |
| Ghana | N/A | 133 | N/A | N/A | 0% |
| Others | 59.1 | 126 | 523 | 186 | 46.5% |
| Total | 362 | 1,837 | 3,312 | 2,574 | 92.3% |
Top Suppliers of New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles to Nigeria in 2022:
- China (33.5K units)
- Japan (8.3K units)
- Brazil (1.5K units)
- Taiwan (Chinese) (1.1K units)
- United States (1.1K units)
- India (0.8K units)
Exports of New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Nigeria
Exports of new pneumatic tyres having herring-bone or similar tread, for light industrial vehicleses from Nigeria stood at 7 units in 2022, remaining relatively unchanged against the previous year. Over the period under review, exports recorded a abrupt decrease. The smallest decline of -11.1% was in 2020. Over the period under review, the exports of attained the peak figure at 9 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of new pneumatic tyres having herring-bone or similar tread, for light industrial vehicleses rose markedly to $354 in 2022. In general, exports showed a abrupt contraction. The exports peaked at $422 in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 351 | 320 | 290 | 313 | -3.7% |
| Ghana | 63.0 | 50.0 | 40.0 | 38.0 | -15.5% |
| Benin | 8.0 | 5.0 | 3.0 | 3.0 | -27.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 422 | 375 | 333 | 354 | -5.7% |
Top Export Markets for New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles from Nigeria in 2022:
- Niger (5.0 units)
- Ghana (1.0 units)
- Benin (1.0 units)
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