Price for Rubber; Natural (Excluding Latex), in Smoked Sheets in Nigeria - 2022
Contents:
- Price for Rubber; Natural (Excluding Latex), in Smoked Sheets in Nigeria (CIF) - 2022
- Price for Rubber; Natural (Excluding Latex), in Smoked Sheets in Nigeria (FOB) - 2022
- Imports of Rubber; Natural (Excluding Latex), in Smoked Sheets in Nigeria
- Exports of Rubber; Natural (Excluding Latex), in Smoked Sheets in Nigeria
Price for Rubber; Natural (Excluding Latex), in Smoked Sheets in Nigeria (CIF) - 2022
The average import price for rubber; natural (excluding latex), in smoked sheetses stood at $833 per ton in 2022, shrinking by -56.1% against the previous year. Overall, the import price continues to indicate a deep slump. The growth pace was the most rapid in 2020 an increase of 8.9%. Over the period under review, average import prices reached the peak figure at $5,675 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -0.0% per year.
Price for Rubber; Natural (Excluding Latex), in Smoked Sheets in Nigeria (FOB) - 2022
The average export price for rubber; natural (excluding latex), in smoked sheetses stood at $1,279 per ton in 2022, reducing by -13.6% against the previous year. In general, the export price saw a deep slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 51%. Over the period under review, the average export prices hit record highs at $3,016 per ton in 2012; however, from 2013 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 Malaysia ($2,525 per ton), while the average price for exports to India ($851 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 Poland (+48.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber; Natural (Excluding Latex), in Smoked Sheets in Nigeria
In 2022, approx. 259 tons of rubber; natural (excluding latex), in smoked sheetses were imported into Nigeria; jumping by 26,649% on 2021 figures. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of rubber; natural (excluding latex), in smoked sheetses soared to $215K in 2022. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Rubber; Natural (Excluding Latex), in Smoked Sheets in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.1 | 0.1 | 0.2 | 215 | 1190.7% |
| Egypt | 0.6 | 0.8 | 0.9 | N/A | 22.5% |
| Others | 0.3 | 0.5 | 0.7 | N/A | 52.8% |
| Total | 1.0 | 1.4 | 1.8 | 215 | 499.1% |
Top Suppliers of Rubber; Natural (Excluding Latex), in Smoked Sheets to Nigeria in 2022:
- China (258.7 tons)
Exports of Rubber; Natural (Excluding Latex), in Smoked Sheets in Nigeria
In 2022, approx. 758 tons of rubber; natural (excluding latex), in smoked sheetses were exported from Nigeria; with an increase of 28% compared with 2021 figures. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +7.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -17.4% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 51%. As a result, the exports reached the peak of 917 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of rubber; natural (excluding latex), in smoked sheetses expanded notably to $969K in 2022. The total export value increased at an average annual rate of +10.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 48% against the previous year. As a result, the exports attained the peak of $1.1M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Rubber; Natural (Excluding Latex), in Smoked Sheets in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 132 | 152 | 136 | 192 | 13.3% |
| Spain | 138 | 189 | 84.2 | 151 | 3.0% |
| Italy | 110 | 161 | 114 | 146 | 9.9% |
| Germany | 77.3 | 56.6 | 112 | 143 | 22.8% |
| France | 14.2 | 71.9 | 105 | 135 | 111.8% |
| United Kingdom | 178 | 157 | 109 | 118 | -12.8% |
| Singapore | 41.9 | 21.2 | 21.1 | 31.4 | -9.2% |
| Poland | N/A | 134 | 98.9 | N/A | -26.2% |
| Others | 27.9 | 122 | 95.5 | 52.1 | 23.1% |
| Total | 720 | 1,063 | 875 | 969 | 10.4% |
Top Export Markets for Rubber; Natural (Excluding Latex), in Smoked Sheets from Nigeria in 2022:
- India (225.6 tons)
- France (116.8 tons)
- Spain (110.6 tons)
- Italy (94.1 tons)
- United Kingdom (92.3 tons)
- Germany (75.9 tons)
- Singapore (21.9 tons)
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