Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Nigeria - 2022
Contents:
- Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Nigeria (CIF) - 2022
- Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Nigeria (FOB) - 2022
- Imports of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Nigeria
- Exports of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Nigeria
Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Nigeria (CIF) - 2022
In 2022, the average import price for rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses amounted to $2,390 per ton, with a decrease of -45.2% against the previous year. Overall, the import price recorded a perceptible curtailment. The pace of growth was the most pronounced in 2021 an increase of 91% against the previous year. The import price peaked at $5,797 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 France ($14,537 per ton), while the price for Hong Kong SAR ($883 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Nigeria (FOB) - 2022
The average export price for rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses stood at $7,267 per ton in 2022, falling by -13.3% against the previous year. Overall, the export price, however, showed perceptible growth. The most prominent rate of growth was recorded in 2020 an increase of 283%. As a result, the export price reached the peak level of $18,129 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($261,584 per ton), while the average price for exports to Ghana ($2,064 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Nigeria
In 2022, approx. 1.2K tons of rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses were imported into Nigeria; rising by 6.7% on 2021. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 454%. As a result, imports reached the peak of 1.7K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses contracted remarkably to $3M in 2022. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 364% against the previous year.
| Import of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 108 | 1,574 | 326 | 1,200 | 123.1% |
| Malaysia | 259 | 428 | 178 | 652 | 36.0% |
| China | 76.9 | 529 | 525 | 557 | 93.5% |
| France | 153 | 590 | 67.8 | 249 | 17.6% |
| Hong Kong SAR | 64.8 | 341 | 19.9 | 2.5 | -66.2% |
| Others | 165 | 375 | 3,989 | 324 | 25.2% |
| Total | 827 | 3,836 | 5,106 | 2,985 | 53.4% |
Top Suppliers of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves to Nigeria in 2022:
- Thailand (728.4 tons)
- Malaysia (324.9 tons)
- China (127.1 tons)
- France (17.2 tons)
- Hong Kong SAR (2.9 tons)
Exports of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Nigeria
Exports of rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses from Nigeria soared to 805 kg in 2022, growing by 216% on 2021 figures. In general, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses surged to $5.8K in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 347%. As a result, the exports reached the peak of $9.6K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 0.9 | 2.0 | 1.0 | 3.1 | 51.0% |
| Niger | 0.4 | 0.3 | 0.3 | 1.5 | 55.4% |
| Benin | 0.7 | 0.1 | 0.1 | 0.6 | -5.0% |
| South Africa | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Finland | N/A | N/A | N/A | 0.1 | 0% |
| Tanzania | N/A | 6.9 | N/A | N/A | 0% |
| Others | 0.1 | 0.1 | 0.6 | 0.4 | 58.7% |
| Total | 2.1 | 9.6 | 2.1 | 5.8 | 40.3% |
Top Export Markets for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves from Nigeria in 2022:
- Niger (498.0 kg)
- Benin (172.0 kg)
- South Africa (70.0 kg)
- Finland (19.0 kg)
- Cote d'Ivoire (12.0 kg)
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