Nigeria - Moulded Rubber Articles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Rubber-To-Metal and Moulded Article in Nigeria - 2022
Contents:
- Price for Rubber-To-Metal and Moulded Article in Nigeria (CIF) - 2022
- Price for Rubber-To-Metal and Moulded Article in Nigeria (FOB) - 2022
- Imports of Rubber-To-Metal and Moulded Article in Nigeria
- Exports of Rubber-To-Metal and Moulded Article in Nigeria
Price for Rubber-To-Metal and Moulded Article in Nigeria (CIF) - 2022
The average rubber-to-metal and moulded article import price stood at $4,299 per ton in 2022, surging by 2.5% against the previous year. Over the period under review, the import price recorded a noticeable increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 89% against the previous year. Over the period under review, average import prices hit record highs at $10,740 per ton in 2017; however, from 2018 to 2022, import prices remained at a 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 Antigua and Barbuda ($11,323 per ton), while the price for Thailand ($906 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber-To-Metal and Moulded Article in Nigeria (FOB) - 2022
The average rubber-to-metal and moulded article export price stood at $4,547 per ton in 2022, reducing by -10.8% against the previous year. Over the period under review, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 91%. Over the period under review, the average export prices reached the peak figure at $15,609 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
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 Cote d'Ivoire ($93,376 per ton), while the average price for exports to Senegal ($905 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 (+22.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Rubber-To-Metal and Moulded Article in Nigeria
After three years of growth, overseas purchases of rubber-to-metal and moulded articles decreased by -0.7% to 1.5K tons in 2022. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 98% against the previous year. As a result, imports attained the peak of 1.5K tons, leveling off in the following year.
In value terms, rubber-to-metal and moulded article imports rose slightly to $6.4M in 2022. Over the period under review, imports, however, posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 85% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Rubber-To-Metal and Moulded Article in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 397 | 425 | 337 | 2,632 | 87.9% |
| Antigua and Barbuda | 1,119 | 1,183 | 2,077 | 1,180 | 1.8% |
| New Zealand | 148 | 439 | 1,285 | 611 | 60.4% |
| United States | 459 | 269 | 342 | 491 | 2.3% |
| Germany | 292 | 217 | 498 | 365 | 7.7% |
| Turkey | 47.5 | 77.8 | 21.5 | 302 | 85.3% |
| France | 64.5 | 96.4 | 433 | 206 | 47.3% |
| India | 123 | 24.4 | 53.6 | 39.2 | -31.7% |
| Thailand | 44.4 | 66.5 | 26.1 | 28.5 | -13.7% |
| Others | 626 | 595 | 1,212 | 540 | -4.8% |
| Total | 3,321 | 3,393 | 6,285 | 6,396 | 24.4% |
Top Suppliers of Rubber-To-Metal and Moulded Article to Nigeria in 2022:
- China (702.6 tons)
- New Zealand (180.5 tons)
- United States (138.4 tons)
- Antigua and Barbuda (104.3 tons)
- Turkey (86.9 tons)
- France (54.8 tons)
- Germany (43.5 tons)
- Thailand (31.5 tons)
- India (16.1 tons)
Exports of Rubber-To-Metal and Moulded Article in Nigeria
After two years of decline, shipments abroad of rubber-to-metal and moulded articles increased by 63% to 17 tons in 2022. Over the period under review, exports, however, showed a pronounced curtailment.
In value terms, rubber-to-metal and moulded article exports skyrocketed to $75K in 2022. In general, exports, however, showed a noticeable contraction.
| Export of Rubber-To-Metal and Moulded Article in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 34.3 | 45.1 | 19.9 | 27.3 | -7.3% |
| Benin | 16.6 | 17.4 | 16.0 | 22.0 | 9.8% |
| Senegal | 4.4 | 6.0 | 3.2 | 5.2 | 5.7% |
| Angola | 12.3 | 6.7 | 1.5 | 4.8 | -26.9% |
| Sao Tome and Principe | 3.0 | 2.6 | 0.9 | 0.7 | -38.4% |
| Others | 14.2 | 21.1 | 10.5 | 15.4 | 2.7% |
| Total | 84.8 | 98.9 | 52.0 | 75.5 | -3.8% |
Top Export Markets for Rubber-To-Metal and Moulded Article from Nigeria in 2022:
- Benin (6.5 tons)
- Senegal (5.7 tons)
- Angola (3.3 tons)
- Cote d'Ivoire (0.3 tons)
- Sao Tome and Principe (0.1 tons)
This report provides an in-depth analysis of the market for rubber-to-metal and moulded article in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22197345 - Rubber-to-metal bonded articles for tractors and motor vehicles
- Prodcom 2297347 -
- Prodcom 22197349 - Rubber-to-metal bonded articles for other uses than for tractors and motor vehicles
- Prodcom 22197365 - Articles of vulcanised solid rubber other than for tractors and motor vehicles
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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