Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Nigeria - 2023
Contents:
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Nigeria (CIF) - 2022
- Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Nigeria
Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Nigeria (CIF) - 2022
The average import price for rubber stood at $4,137 per ton in 2022, dropping by -71.5% against the previous year. Over the period under review, the import price, however, saw buoyant growth. The growth pace was the most rapid in 2014 when the average import price increased by 396%. The import price peaked at $14,502 per ton in 2021, and then shrank markedly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($61,311 per ton), while the price for China ($1,619 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+27.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Nigeria
In 2022, after two years of decline, there was significant growth in purchases abroad of rubber, when their volume increased by 384% to 17 tons. Over the period under review, imports, however, recorded a dramatic decline.
In value terms, imports of rubber surged to $70K in 2022. In general, imports, however, saw a abrupt downturn.
Import of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 4.3 | 2.9 | 13.3 | 24.4 | 78.4% |
United States | 6.3 | 0.7 | 1.0 | 11.9 | 23.6% |
Denmark | 9.2 | 10.8 | 8.2 | 10.9 | 5.8% |
China | 16.3 | 2.2 | 0.3 | 10.4 | -13.9% |
India | 40.0 | 19.4 | 12.9 | 0.8 | -72.9% |
South Africa | N/A | 70.3 | N/A | N/A | 0% |
Italy | 20.2 | 21.4 | 1.8 | N/A | -70.1% |
Others | 13.2 | 3.6 | 12.8 | 11.3 | -5.0% |
Total | 110 | 131 | 50.5 | 69.6 | -14.2% |
Top Suppliers of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres to Nigeria in 2022:
- China (6.4 tons)
- Germany (2.1 tons)
- United States (0.3 tons)
- Denmark (0.2 tons)
- India (0.1 tons)
This report provides an in-depth analysis of the unvulcanized rubber market in Nigeria.
This report provides an in-depth analysis of the camel-back strips market in Nigeria.
This report provides an in-depth analysis of the global unvulcanized rubber market.
This report provides an in-depth analysis of the global camel-back strips market.
This report provides an in-depth analysis of the camel-back strips market in Nigeria.
This report provides an in-depth analysis of the global camel-back strips market.
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