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Nigeria - Rubber Tubing Not Reinforced - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Reinforced Rubber Tubing Price in Nigeria - 2022
Contents:
- Non-Reinforced Rubber Tubing Price in Nigeria (CIF) - 2022
- Non-Reinforced Rubber Tubing Price in Nigeria (FOB) - 2022
- Non-Reinforced Rubber Tubing Imports in Nigeria
- Non-Reinforced Rubber Tubing Exports in Nigeria
Non-Reinforced Rubber Tubing Price in Nigeria (CIF) - 2022
In 2022, the average non-reinforced rubber tubing import price amounted to $7,219 per ton, dropping by -17.3% against the previous year. Overall, the import price, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2016 an increase of 114%. As a result, import price reached the peak level of $10,065 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($8,500 per ton), while the price for India ($1,582 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Reinforced Rubber Tubing Price in Nigeria (FOB) - 2022
In 2022, the average non-reinforced rubber tubing export price amounted to $43,400 per ton, growing by 192% against the previous year. In general, the export price saw a strong increase. The pace of growth was the most pronounced in 2020 an increase of 485% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.
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 Angola ($61,535 per ton), while the average price for exports to Uganda ($2,533 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 Angola (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Reinforced Rubber Tubing Imports in Nigeria
After three years of growth, supplies from abroad of rubber tubing not reinforced decreased by -71.4% to 127 tons in 2022. Overall, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 245% against the previous year. As a result, imports reached the peak of 446 tons, and then reduced dramatically in the following year.
In value terms, non-reinforced rubber tubing imports declined notably to $919K in 2022. Over the period under review, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 418%. As a result, imports attained the peak of $3.9M, and then reduced remarkably in the following year.
Import of Non-Reinforced Rubber Tubing in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 103 | 312 | 2,870 | 672 | 86.9% |
France | 10.1 | 16.7 | 399 | 93.6 | 110.0% |
Belgium | 44.1 | 16.1 | 207 | 48.4 | 3.1% |
Germany | 142 | 73.2 | 38.4 | 14.8 | -52.9% |
Sri Lanka | N/A | 14.8 | 122 | 12.8 | -7.0% |
United States | 77.6 | 57.9 | 57.0 | 8.9 | -51.4% |
India | 69.0 | 35.7 | 10.0 | 6.8 | -53.8% |
Bahrain | 25.5 | 34.9 | 7.5 | 6.0 | -38.3% |
Ghana | 23.6 | 3.6 | 3.4 | 0.6 | -70.6% |
Others | 212 | 185 | 176 | 54.4 | -36.5% |
Total | 707 | 751 | 3,891 | 919 | 9.1% |
Top Suppliers of Non-Reinforced Rubber Tubing to Nigeria in 2022:
- China (86.5 tons)
- France (15.4 tons)
- Belgium (5.7 tons)
- India (4.3 tons)
- Sri Lanka (4.3 tons)
- United States (2.2 tons)
- Bahrain (2.0 tons)
- Germany (0.9 tons)
- Ghana (0.4 tons)
Non-Reinforced Rubber Tubing Exports in Nigeria
In 2022, the amount of rubber tubing not reinforced exported from Nigeria contracted sharply to 157 kg, waning by -59.2% compared with the year before. In general, exports recorded a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 27%.
In value terms, non-reinforced rubber tubing exports surged to $6.8K in 2022. Overall, exports showed a sharp decline.
Export of Non-Reinforced Rubber Tubing in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ghana | 7.5 | 3.8 | 2.4 | 4.0 | -18.9% |
Angola | 1.1 | 0.7 | 0.3 | 0.4 | -28.6% |
Mali | N/A | N/A | 1.6 | N/A | 0% |
Others | 8.9 | 3.5 | 1.4 | 2.5 | -34.5% |
Total | 17.4 | 7.9 | 5.7 | 6.8 | -26.9% |
Top Export Markets for Non-Reinforced Rubber Tubing from Nigeria in 2022:
- Ghana (144.0 kg)
- Angola (6.0 kg)
This report provides an in-depth analysis of the non-reinforced rubber tubing market 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 22193030 - Rubber tubing not reinforced
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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