Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in Nigeria - 2023
Contents:
- Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in Nigeria (CIF) - 2022
- Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in Nigeria (FOB) - 2022
- Imports of Rubber; Inner Tubes, of A Kind Used On Bicycles in Nigeria
- Exports of Rubber; Inner Tubes, of A Kind Used On Bicycles in Nigeria
Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in Nigeria (CIF) - 2022
The average import price for rubber; inner tubes, of a kind used on bicycleses stood at $1.4 per unit in 2022, growing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2016 an increase of 18% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Kenya ($1.4 per unit), while the price for China totaled $1.4 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in Nigeria (FOB) - 2022
In 2022, the average export price for rubber; inner tubes, of a kind used on bicycleses amounted to $1.4 per unit, with an increase of 16% against the previous year. Overall, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for rubber; inner tubes, of a kind used on bicycleses increased by +159.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 122%. Over the period under review, the average export prices attained the peak figure at $1.4 per unit in 2015; afterwards, it flattened through to 2022.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($1.4 per unit), while the average price for exports to Benin ($1.4 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 (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber; Inner Tubes, of A Kind Used On Bicycles in Nigeria
In 2022, approx. 101K units of rubber; inner tubes, of a kind used on bicycleses were imported into Nigeria; waning by -26.5% on the previous year's figure. Over the period under review, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 85%. Over the period under review, imports of hit record highs at 176K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of rubber; inner tubes, of a kind used on bicycleses contracted rapidly to $140K in 2022. In general, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 105%. Over the period under review, imports of reached the maximum at $186K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Rubber; Inner Tubes, of A Kind Used On Bicycles in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 97.4 | 66.4 | 158 | 120 | 7.2% |
| Kenya | N/A | N/A | 0.3 | 19.8 | 6500.0% |
| United States | 4.5 | 14.2 | 7.0 | 0.1 | -71.9% |
| Indonesia | 84.4 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.3 | 0.1 | N/A | -66.7% |
| Total | 186 | 80.9 | 166 | 140 | -9.0% |
Top Suppliers of Rubber; Inner Tubes, of A Kind Used On Bicycles to Nigeria in 2022:
- China (86.3K units)
- Kenya (14.3K units)
- United States (0.1K units)
Exports of Rubber; Inner Tubes, of A Kind Used On Bicycles in Nigeria
In 2022, overseas shipments of rubber; inner tubes, of a kind used on bicycleses were finally on the rise to reach 714 units after two years of decline. In general, exports, however, continue to indicate a deep contraction. The exports peaked at 1K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of rubber; inner tubes, of a kind used on bicycleses skyrocketed to $969 in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -5.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 93%. As a result, the exports reached the peak of $1K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Rubber; Inner Tubes, of A Kind Used On Bicycles in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 286 | 890 | 85.0 | 458 | 17.0% |
| Sao Tome and Principe | N/A | N/A | N/A | 392 | 0% |
| Benin | N/A | 52.0 | 117 | 119 | 51.3% |
| Cameroon | N/A | N/A | 540 | N/A | 0% |
| Gambia | 51.0 | N/A | N/A | N/A | 0% |
| Ghana | 195 | N/A | N/A | N/A | 0% |
| Others | N/A | 84.0 | 15.0 | N/A | -82.1% |
| Total | 532 | 1,026 | 757 | 969 | 22.1% |
Top Export Markets for Rubber; Inner Tubes, of A Kind Used On Bicycles from Nigeria in 2022:
- Niger (337.0 units)
- Sao Tome and Principe (289.0 units)
- Benin (88.0 units)
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