Price for Stemware Drinking Glasses, Other than of Lead Crystal or Glass-Ceramics in Nigeria - 2023

Contents:

  1. Price for Stemware Drinking Glasses, Other than of Lead Crystal or Glass-Ceramics in Nigeria (CIF) - 2022
  2. Imports of Stemware Drinking Glasses, Other than of Lead Crystal or Glass-Ceramics in Nigeria

Price for Stemware Drinking Glasses, Other than of Lead Crystal or Glass-Ceramics in Nigeria (CIF) - 2022

The average import price for stemware drinking glasses, other than of lead crystal or glass-ceramicses stood at $817 per thousand units in 2022, waning by -16.7% against the previous year. In general, the import price saw a perceptible setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 34% against the previous year. Over the period under review, average import prices hit record highs at $1.8 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 UK ($17 per unit), while the price for China ($739 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+25.7%), while the prices for the other major suppliers experienced a decline.

Imports of Stemware Drinking Glasses, Other than of Lead Crystal or Glass-Ceramics in Nigeria

In 2022, the amount of stemware drinking glasses, other than of lead crystal or glass-ceramicses imported into Nigeria contracted to 492K units, falling by -12% against 2021. Over the period under review, imports faced a dramatic decline. The smallest decline of -4.2% was in 2020. Imports peaked at 1.2M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of stemware drinking glasses, other than of lead crystal or glass-ceramicses contracted notably to $402K in 2022. Overall, imports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 4.9%. As a result, imports attained the peak of $1M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Stemware Drinking Glasses, Other than of Lead Crystal or Glass-Ceramics in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China63863217.9263-25.6%
Turkey316370526112-29.2%
QatarN/AN/AN/A19.20%
Others7.56.44.88.12.6%
Total9621,009549402-25.2%

Top Suppliers of Stemware Drinking Glasses, Other than of Lead Crystal or Glass-Ceramics to Nigeria in 2022:

  1. China (356.2K units)
  2. Turkey (116.7K units)
  3. Qatar (13.9K units)

Source: IndexBox Market Intelligence Platform

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