Balls; Inflatable Price in Nigeria - 2022
Contents:
- Balls; Inflatable Price in Nigeria (CIF) - 2022
- Balls; Inflatable Price in Nigeria (FOB) - 2022
- Balls; Inflatable Imports in Nigeria
- Balls; Inflatable Exports in Nigeria
Balls; Inflatable Price in Nigeria (CIF) - 2022
In 2022, the average balls; inflatable import price amounted to $3.6 per unit, shrinking by -24.7% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 44% against the previous year. Over the period under review, average import prices reached the peak figure at $4.8 per unit in 2021, and then shrank markedly in the following year.
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 Indonesia ($5.3 per unit), while the price for India ($2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Balls; Inflatable Price in Nigeria (FOB) - 2022
The average balls; inflatable export price stood at $5.2 per unit in 2022, growing by 7.9% against the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, balls; inflatable export price decreased by -16.8% against 2019 indices. The growth pace was the most rapid in 2015 an increase of 40%. The export price peaked at $6.2 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($8 per unit), while the average price for exports to Ghana ($4.2 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 South Africa (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Balls; Inflatable Imports in Nigeria
In 2022, the amount of balls; inflatables imported into Nigeria surged to 207K units, increasing by 191% compared with the year before. In general, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, balls; inflatable imports soared to $748K in 2022. Overall, imports continue to indicate a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Balls; Inflatable in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 304 | 535 | 128 | 312 | 0.9% |
| Indonesia | 58.9 | 70.4 | 51.9 | 136 | 32.2% |
| France | 10.3 | 3.9 | 37.3 | 97.5 | 111.5% |
| United States | 4.2 | 1.7 | 16.8 | 43.9 | 118.6% |
| Taiwan (Chinese) | 13.3 | 11.7 | 6.0 | 15.7 | 5.7% |
| Japan | 4.2 | 8.2 | 5.6 | 14.7 | 51.8% |
| India | 5.7 | 1.0 | 2.6 | 11.8 | 27.4% |
| Pakistan | 6.9 | 2.8 | 4.3 | 11.3 | 17.9% |
| Turkey | 11.0 | 9.5 | 5.0 | 8.1 | -9.7% |
| Germany | 4.4 | 3.6 | 0.8 | 7.0 | 16.7% |
| Others | 55.5 | 58.6 | 83.8 | 91.0 | 17.9% |
| Total | 479 | 706 | 342 | 748 | 16.0% |
Top Suppliers of Balls; Inflatable to Nigeria in 2022:
- China (84.0K units)
- France (27.3K units)
- Indonesia (25.6K units)
- United States (12.3K units)
- India (5.9K units)
- Taiwan (Chinese) (4.9K units)
- Japan (4.4K units)
- Turkey (3.9K units)
- Germany (3.4K units)
- Pakistan (3.2K units)
Balls; Inflatable Exports in Nigeria
In 2022, after two years of decline, there was growth in shipments abroad of balls; inflatables, when their volume increased by 0.7% to 306 units. Over the period under review, exports, however, showed a mild decrease. Over the period under review, the exports hit record highs at 315 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, balls; inflatable exports expanded rapidly to $1.6K in 2022. In general, exports, however, saw a abrupt decline. Over the period under review, the exports hit record highs at $2K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Balls; Inflatable in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 989 | 265 | 1,203 | 1,084 | 3.1% |
| South Africa | 6.0 | 1.0 | 2.0 | 368 | 294.4% |
| Benin | 21.0 | 5.0 | 71.0 | 93.0 | 64.2% |
| Niger | 202 | 67.0 | 141 | 22.0 | -52.2% |
| Ghana | 42.0 | 8.0 | 26.0 | 17.0 | -26.0% |
| Costa Rica | N/A | 1,364 | N/A | N/A | 0% |
| Zambia | 471 | N/A | N/A | N/A | 0% |
| Others | 229 | N/A | 15.0 | N/A | -74.4% |
| Total | 1,960 | 1,710 | 1,458 | 1,584 | -6.9% |
Top Export Markets for Balls; Inflatable from Nigeria in 2022:
- Cote d'Ivoire (231.0 units)
- South Africa (46.0 units)
- Benin (20.0 units)
- Niger (5.0 units)
- Ghana (4.0 units)
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