Nigeria - Vulcanised Cellular Rubber Articles For Technical Uses - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Vulcanised Cellular Rubber Articles in Nigeria - 2022
Contents:
- Price for Vulcanised Cellular Rubber Articles in Nigeria (CIF) - 2022
- Price for Vulcanised Cellular Rubber Articles in Nigeria (FOB) - 2022
- Imports of Vulcanised Cellular Rubber Articles in Nigeria
- Exports of Vulcanised Cellular Rubber Articles in Nigeria
Price for Vulcanised Cellular Rubber Articles in Nigeria (CIF) - 2022
In 2022, the average vulcanised cellular rubber articles import price amounted to $1,669 per ton, picking up by 2.4% against the previous year. Overall, the import price, however, faced a abrupt decrease. The pace of growth was the most pronounced in 2017 when the average import price increased by 68% against the previous year. As a result, import price attained the peak level of $5,736 per ton. From 2018 to 2022, the average 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 the United Arab Emirates ($3,882 per ton), while the price for China ($560 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vulcanised Cellular Rubber Articles in Nigeria (FOB) - 2022
The average vulcanised cellular rubber articles export price stood at $9,921 per ton in 2022, dropping by -3.7% against the previous year. Overall, the export price showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 when the average export price increased by 56% against the previous year. As a result, the export price attained the peak level of $26,508 per ton. From 2015 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 Malaysia ($43,788 per ton), while the average price for exports to South Africa ($239 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 Malaysia (+5.8%), while the prices for the other major destinations experienced a decline.
Imports of Vulcanised Cellular Rubber Articles in Nigeria
In 2022, approx. 265 tons of vulcanised cellular rubber articles for technical uses were imported into Nigeria; picking up by 252% against the previous year's figure. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, vulcanised cellular rubber articles imports surged to $442K in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Vulcanised Cellular Rubber Articles in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 15.9 | 23.4 | 16.7 | 118 | 95.1% |
| China | 37.4 | 78.7 | 11.0 | 101 | 39.3% |
| Turkey | 13.6 | 6.8 | 4.5 | 48.7 | 53.0% |
| Thailand | 17.2 | 13.6 | 3.6 | 23.6 | 11.1% |
| India | 15.3 | 4.9 | 1.6 | 16.0 | 1.5% |
| Others | 96.0 | 34.4 | 85.4 | 135 | 12.0% |
| Total | 196 | 162 | 123 | 442 | 31.1% |
Top Suppliers of Vulcanised Cellular Rubber Articles to Nigeria in 2022:
- China (180.8 tons)
- United Arab Emirates (30.4 tons)
- Thailand (21.6 tons)
- Turkey (15.6 tons)
- India (4.2 tons)
Exports of Vulcanised Cellular Rubber Articles in Nigeria
In 2022, overseas shipments of vulcanised cellular rubber articles for technical uses were finally on the rise to reach 114 kg after two years of decline. In general, exports, however, faced a precipitous slump.
In value terms, vulcanised cellular rubber articles exports surged to $1.1K in 2022. Over the period under review, exports, however, continue to indicate a precipitous curtailment.
| Export of Vulcanised Cellular Rubber Articles in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 5,372 | 1,437 | 553 | 1,002 | -42.9% |
| Cameroon | 493 | 127 | 47.0 | 82.0 | -45.0% |
| Niger | 21.0 | 2.0 | 4.0 | 6.0 | -34.1% |
| South Africa | 3.0 | 1.0 | N/A | 2.0 | -12.6% |
| Senegal | 918 | N/A | N/A | N/A | 0% |
| Others | 325 | 70.0 | 27.0 | 42.0 | -49.4% |
| Total | 7,132 | 1,637 | 631 | 1,134 | -45.8% |
Top Export Markets for Vulcanised Cellular Rubber Articles from Nigeria in 2022:
- Cameroon (74.0 kg)
- Malaysia (23.0 kg)
- South Africa (9.0 kg)
- Niger (3.0 kg)
This report provides an in-depth analysis of the market for vulcanised cellular rubber articles 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 22197310 - Vulcanised cellular rubber articles for technical uses
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
-
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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