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Nigeria - Erasers Of Vulcanised Rubber - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVulcanised Rubber Erases Price in Nigeria - 2022
Contents:
- Vulcanised Rubber Erases Price in Nigeria (CIF) - 2022
- Vulcanised Rubber Erases Price in Nigeria (FOB) - 2022
- Vulcanised Rubber Erases Imports in Nigeria
- Vulcanised Rubber Erases Exports in Nigeria
Vulcanised Rubber Erases Price in Nigeria (CIF) - 2022
The average vulcanised rubber erases import price stood at $1,473 per ton in 2022, reducing by -3.7% against the previous year. In general, the import price showed a slight setback. The growth pace was the most rapid in 2013 an increase of 50% against the previous year. As a result, import price reached the peak level of $2,691 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($2,574 per ton), while the price for Thailand ($1,393 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.9%), while the prices for the other major suppliers experienced a decline.
Vulcanised Rubber Erases Price in Nigeria (FOB) - 2022
The average vulcanised rubber erases export price stood at $3,680 per ton in 2022, with an increase of 51% against the previous year. In general, the export price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2014 an increase of 135% against the previous year. As a result, the export price reached the peak level of $15,858 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
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 Sao Tome and Principe ($10,745 per ton), while the average price for exports to Ireland stood at $379 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Gambia (+64.2%), while the prices for the other major destinations experienced mixed trend patterns.
Vulcanised Rubber Erases Imports in Nigeria
Vulcanised rubber erases imports into Nigeria soared to 1.9K tons in 2022, rising by 189% compared with 2021. Overall, imports posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 196%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, vulcanised rubber erases imports soared to $2.8M in 2022. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 260%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
Import of Vulcanised Rubber Erases in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 77.5 | 270 | 613 | 1,698 | 179.8% |
Thailand | 83.3 | 538 | 353 | 978 | 127.3% |
India | 56.3 | 15.4 | 28.2 | 89.7 | 16.8% |
Others | 18.0 | 24.8 | 17.8 | 47.4 | 38.1% |
Total | 235 | 847 | 1,011 | 2,813 | 128.8% |
Top Suppliers of Vulcanised Rubber Erases to Nigeria in 2022:
- China (1161.8 tons)
- Thailand (701.9 tons)
- India (34.9 tons)
Vulcanised Rubber Erases Exports in Nigeria
In 2022, approx. 23 kg of erasers of vulcanised rubber were exported from Nigeria; jumping by 156% against the previous year. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 373%. As a result, the exports reached the peak of 52 kg. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, vulcanised rubber erases exports soared to $84 in 2022. Overall, exports, however, saw a abrupt contraction.
Export of Vulcanised Rubber Erases in Nigeria (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sao Tome and Principe | 128 | 22.0 | 13.0 | 78.0 | -15.2% |
Ireland | N/A | N/A | N/A | 3.0 | 0% |
Benin | N/A | N/A | 9.0 | N/A | 0% |
Austria | N/A | 119 | N/A | N/A | 0% |
Zambia | N/A | 5.0 | N/A | N/A | 0% |
Others | N/A | N/A | N/A | 3.0 | 0% |
Total | 128 | 146 | 22.0 | 84.0 | -13.1% |
Top Export Markets for Vulcanised Rubber Erases from Nigeria in 2022:
- Ireland (8.0 kg)
- Sao Tome and Principe (7.0 kg)
This report provides an in-depth analysis of the vulcanised rubber erases 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 22197321 - Erasers, of vulcanised rubber
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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