Umbrella Price in Nigeria - 2022
Contents:
- Umbrella Price in Nigeria (CIF) - 2022
- Umbrella Price in Nigeria (FOB) - 2022
- Umbrella Imports in Nigeria
- Umbrella Exports in Nigeria
Umbrella Price in Nigeria (CIF) - 2022
In June 2022, the average umbrella import price amounted to $4.2 per unit, rising by 2.3% against the previous month. In general, the import price saw significant growth. The pace of growth appeared the most rapid in February 2022 an increase of 474% m-o-m. The import price peaked at $4.5 per unit in March 2022; however, from April 2022 to June 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From June 2021 to June 2022, the rate of growth in terms of prices for China amounted to +28.2% per month.
Umbrella Price in Nigeria (FOB) - 2022
In 2022, the average umbrella export price amounted to $6.2 per unit, waning by -16.6% against the previous year. In general, the export price, however, saw a tangible increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 95% against the previous year. As a result, the export price attained the peak level of $7.4 per unit, and then contracted rapidly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($23 per unit), while the average price for exports to Gambia ($0.6 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 the United States (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.
Umbrella Imports in Nigeria
In 2022, purchases abroad of umbrellas increased by 8% to 326K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a dramatic slump. Imports peaked at 946K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, umbrella imports soared to $3.1M in 2022. Over the period under review, imports, however, continue to indicate a drastic downturn. Over the period under review, imports reached the maximum at $3.8M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Umbrella in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.1 | 2.2 | 1.4 | 2.9 | -2.2% |
| Taiwan (Chinese) | N/A | N/A | N/A | N/A | 0% |
| Others | 0.7 | 0.5 | 0.4 | 0.1 | -47.7% |
| Total | 3.8 | 2.7 | 1.8 | 3.1 | -6.6% |
Top Suppliers of Umbrella to Nigeria in 2022:
- China (313.4K units)
- Taiwan (Chinese) (2.1K units)
Umbrella Exports in Nigeria
Umbrella exports from Nigeria fell to 1.1K units in 2022, waning by -11.7% against the previous year. Overall, exports recorded a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 8.3%. The exports peaked at 1.4K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, umbrella exports fell significantly to $6.8K in 2022. Over the period under review, exports saw a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 111%. As a result, the exports reached the peak of $9.2K, and then reduced sharply in the following year.
| Export of Umbrella in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 2,419 | 1,410 | 2,250 | 2,279 | -2.0% |
| United States | 1,146 | 448 | 766 | 1,315 | 4.7% |
| Benin | 429 | 321 | 3,553 | 934 | 29.6% |
| Cote d'Ivoire | 1,346 | 546 | 892 | 605 | -23.4% |
| Rwanda | 161 | 208 | 342 | 318 | 25.5% |
| Uganda | 276 | 233 | 304 | 272 | -0.5% |
| Niger | 583 | 231 | 49.0 | 264 | -23.2% |
| France | 208 | 167 | 134 | 129 | -14.7% |
| Burkina Faso | 434 | 68.0 | 123 | 122 | -34.5% |
| Gambia | 189 | 140 | 104 | 93.0 | -21.1% |
| Angola | 261 | 167 | 188 | 64.0 | -37.4% |
| Others | 1,087 | 431 | 523 | 406 | -28.0% |
| Total | 8,539 | 4,370 | 9,228 | 6,801 | -7.3% |
Top Export Markets for Umbrella from Nigeria in 2022:
- Ghana (285.0 units)
- Cote d'Ivoire (188.0 units)
- Gambia (148.0 units)
- Rwanda (103.0 units)
- Benin (85.0 units)
- United States (56.0 units)
- France (47.0 units)
- Uganda (43.0 units)
- Burkina Faso (43.0 units)
- Niger (28.0 units)
- Angola (22.0 units)
686
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This report provides an in-depth analysis of the global umbrella and walking-stick market.
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This report provides an in-depth analysis of the umbrella market in Nigeria.
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This report provides an in-depth analysis of the umbrella and walking-stick market in Nigeria.
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This report provides an in-depth analysis of the global umbrella market.
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This report provides an in-depth analysis of the global umbrella market.
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This report provides an in-depth analysis of the global umbrella and walking-stick market.
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In 2016, the umbrella market amounted to X units. Over the past two years, consumption increased slightly, after experiencing a mild downturn over the previous four year period. Previously, the market recovered with tangible growth, following the si
974
In 2016, the global imports of umbrella stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, umbrella imports continue to indicate a relatively ...
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In 2016, the global imports of umbrella stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, umbrella imports continue to indicate a relatively ...
4435
From 2007 to 2014, the global umbrella market showed mixed dynamics. A significant drop in 2008-2009 was followed by a sharp increase in 2010-2011, until the market plunged again by X% in 2012.
2255
China dominates in global umbrella production and trade. In 2013, China exported X% of its total umbrella output. Of this amount, X% was supplied to Japan, where Chinese umbrellas held the dominant share of total Japanese consumption and were part
4157
In 2016, the umbrella market amounted to X units. Over the past two years, consumption increased slightly, after experiencing a mild downturn over the previous four year period. Previously, the market recovered with tangible growth, following the si
974
In 2016, the global imports of umbrella stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, umbrella imports continue to indicate a relatively ...
3883
In 2016, the global imports of umbrella stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, umbrella imports continue to indicate a relatively ...
4435
From 2007 to 2014, the global umbrella market showed mixed dynamics. A significant drop in 2008-2009 was followed by a sharp increase in 2010-2011, until the market plunged again by X% in 2012.
2255
China dominates in global umbrella production and trade. In 2013, China exported X% of its total umbrella output. Of this amount, X% was supplied to Japan, where Chinese umbrellas held the dominant share of total Japanese consumption and were part
