Rafts; Inflatable Price in Nigeria - 2022
Contents:
- Rafts; Inflatable Price in Nigeria (CIF) - 2022
- Rafts; Inflatable Price in Nigeria (FOB) - 2022
- Rafts; Inflatable Imports in Nigeria
- Rafts; Inflatable Exports in Nigeria
Rafts; Inflatable Price in Nigeria (CIF) - 2022
In 2022, the average rafts; inflatable import price amounted to $190 per unit, with a decrease of -73.4% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of 54%. The import price peaked at $2,016 per unit in 2013; however, from 2014 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 United States ($1,343 per unit), while the price for Greece ($21 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-2.9%), while the prices for the other major suppliers experienced a decline.
Rafts; Inflatable Price in Nigeria (FOB) - 2022
In 2022, the average rafts; inflatable export price amounted to $12,660 per unit, rising by 3.6% against the previous year. In general, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 1,058% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($19,076 per unit), while the average price for exports to South Africa ($604 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+49.4%), while the prices for the other major destinations experienced more modest paces of growth.
Rafts; Inflatable Imports in Nigeria
In 2022, the amount of rafts; inflatables imported into Nigeria reduced rapidly to 412 units, falling by -80.4% compared with 2021 figures. Over the period under review, imports faced a precipitous shrinkage. The smallest decline of -4.2% was in 2020. Imports peaked at 2.8K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, rafts; inflatable imports dropped rapidly to $78K in 2022. Overall, imports continue to indicate a sharp downturn. The smallest decline of -22.7% was in 2021. Imports peaked at $2.8M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Rafts; Inflatable in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 446 | 312 | 524 | 22.3 | -63.2% |
| United States | 236 | 212 | 366 | 18.8 | -57.0% |
| Italy | 825 | 388 | 169 | 14.0 | -74.3% |
| Thailand | 124 | 58.1 | 13.6 | 1.8 | -75.6% |
| Singapore | 9.0 | 50.9 | 40.9 | 1.6 | -43.8% |
| France | 25.1 | 37.8 | 30.4 | 1.2 | -63.7% |
| Denmark | 12.8 | 22.4 | 27.5 | 1.0 | -57.3% |
| Netherlands | 4.5 | 6.6 | 19.7 | 0.7 | -46.2% |
| Portugal | 23.8 | 17.4 | 12.5 | 0.4 | -74.4% |
| China | 29.5 | 20.4 | 13.9 | 0.4 | -76.2% |
| Belgium | 3.6 | 0.7 | 3.3 | 0.3 | -56.3% |
| Greece | 6.6 | 4.2 | 2.7 | 0.1 | -75.3% |
| Australia | N/A | 351 | N/A | N/A | 0% |
| Others | 1,032 | 458 | 276 | 15.7 | -75.2% |
| Total | 2,778 | 1,940 | 1,499 | 78.1 | -69.6% |
Top Suppliers of Rafts; Inflatable to Nigeria in 2022:
- United Kingdom (21.0 units)
- Italy (16.0 units)
- United States (14.0 units)
- Singapore (8.0 units)
- China (7.0 units)
- Netherlands (6.0 units)
- Denmark (4.0 units)
- Greece (3.0 units)
- Portugal (2.0 units)
- France (2.0 units)
- Belgium (2.0 units)
- Thailand (2.0 units)
Rafts; Inflatable Exports in Nigeria
In 2022, after two years of decline, there was significant growth in shipments abroad of rafts; inflatables, when their volume increased by 100% to 36 units. Over the period under review, exports, however, recorded a sharp downturn. The exports peaked at 76 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, rafts; inflatable exports skyrocketed to $456K in 2022. In general, exports, however, saw a deep contraction. The exports peaked at $692K in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
| Export of Rafts; Inflatable in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 307 | 315 | 82.1 | 210 | -11.9% |
| United Kingdom | 1.2 | 44.1 | 36.9 | 19.8 | 154.6% |
| Belgium | 3.5 | 3.6 | 3.1 | 4.5 | 8.7% |
| United States | 5.6 | 6.6 | 7.4 | 4.0 | -10.6% |
| Ghana | 4.0 | 4.6 | 4.4 | 2.7 | -12.3% |
| South Africa | 2.5 | 1.3 | 0.3 | 0.6 | -37.9% |
| Others | 315 | 316 | 85.7 | 214 | -12.1% |
| Total | 639 | 692 | 220 | 456 | -10.6% |
Top Export Markets for Rafts; Inflatable from Nigeria in 2022:
- Italy (11.0 units)
- United Kingdom (5.0 units)
- Belgium (3.0 units)
- Ghana (1.0 units)
- United States (1.0 units)
- South Africa (1.0 units)
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