Report Update Nov 1, 2024

Nigeria - Erasers of Vulcanised Rubber - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Nigeria: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Nigeria

In 2021, the Nigerien vulcanised rubber erases market increased by 29% to $X, rising for the third consecutive year after five years of decline. Over the period under review, consumption posted notable growth. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Vulcanised Rubber Erases Exports

Exports from Nigeria

In 2021, after two years of growth, there was significant decline in overseas shipments of erasers of vulcanised rubber, when their volume decreased by -82.7% to X kg. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 373%. As a result, the exports attained the peak of X kg, and then fell dramatically in the following year.

In value terms, vulcanised rubber erases exports reduced sharply to $X in 2021. In general, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of 220%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Benin (X kg) was the main destination for vulcanised rubber erases exports from Nigeria, accounting for a 89% share of total exports. Moreover, vulcanised rubber erases exports to Benin exceeded the volume sent to the second major destination, Sao Tome and Principe (X kg), eightfold.

From 2012 to 2021, the average annual growth rate of volume to Benin was relatively modest.

In value terms, Sao Tome and Principe ($X) and Benin ($X) were the largest markets for vulcanised rubber erases exported from Nigeria worldwide.

Among the main countries of destination, Benin, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the average vulcanised rubber erases export price amounted to $X per ton, dropping by -12.9% against the previous year. Overall, the export price recorded a abrupt setback. The growth pace was the most rapid in 2014 an increase of 135% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sao Tome and Principe ($X per ton), while the average price for exports to Benin stood at $X per ton.

From 2012 to 2021, 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

Imports into Nigeria

In 2021, supplies from abroad of erasers of vulcanised rubber increased by 34% to X tons, rising for the third consecutive year after two years of decline. Overall, imports recorded a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 352%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, vulcanised rubber erases imports skyrocketed to $X in 2021. Over the period under review, imports showed temperate growth. The pace of growth appeared the most rapid in 2013 when imports increased by 579% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Thailand (X tons) and India (X tons) were the main suppliers of vulcanised rubber erases imports to Nigeria, together comprising 99% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +81.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Thailand ($X) and India ($X) appeared to be the largest vulcanised rubber erases suppliers to Nigeria, with a combined 98% share of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +82.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average vulcanised rubber erases import price amounted to $X per ton, falling by -11.2% against the previous year. In general, the import price saw a mild shrinkage. The most prominent rate of growth was recorded in 2013 when the average import price increased by 50% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+1.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for erasers of vulcanised rubber in the world?

China remains the largest vulcanised rubber erases consuming country worldwide, accounting for 56% of total volume. Moreover, vulcanised rubber erases consumption in China exceeded the figures recorded by the second-largest consumer, the United States, more than tenfold. The third position in this ranking was occupied by Russia, with a 3.5% share.

What are the largest producers of erasers of vulcanised rubber in the world?

China constituted the country with the largest volume of vulcanised rubber erases production, accounting for 95% of total volume. It was followed by Taiwan Chinese), with a 2.4% share of total production.

What are the leading suppliers of erasers of vulcanised rubber to Nigeria?

In value terms, Thailand constituted the largest supplier of vulcanised rubber erases to Nigeria, comprising 68% of total imports. The second position in the ranking was occupied by China, with a 29% share of total imports.

What are the leading importers of erasers of vulcanised rubber from Nigeria?

In value terms, Benin $72) emerged as the key foreign market for vulcanised rubber erases exports from Nigeria, comprising 71% of total exports. The second position in the ranking was occupied by Sao Tome and Principe $30), with a 29% share of total exports.

What is the average export price for erasers of vulcanised rubber in Nigeria?

In 2021, the average vulcanised rubber erases export price amounted to $3,047 per ton, with a decrease of -7.8% against the previous year.

What is the average import price for erasers of vulcanised rubber in Nigeria?

In 2021, the average vulcanised rubber erases import price amounted to $1,394 per ton, increasing by 1.7% against the previous year.

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023