Nigeria: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2025

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Nigeria

The Nigerien rubber tube and pipe market was estimated at $X in 2021, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a deep contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from Nigeria

In 2021, rubber tube and pipe exports from Nigeria shrank significantly to X tons, with a decrease of -94.8% against 2020. Over the period under review, exports continue to indicate a dramatic curtailment. The growth pace was the most rapid in 2017 when exports increased by 878% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, rubber tube and pipe exports fell markedly to $X in 2021. In general, exports faced a sharp reduction. The pace of growth was the most pronounced in 2017 when exports increased by 698%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Benin (X tons) was the main destination for rubber tube and pipe exports from Nigeria, with a 60% share of total exports. Moreover, rubber tube and pipe exports to Benin exceeded the volume sent to the second major destination, Angola (X kg), threefold. The third position in this ranking was held by Uganda (X kg), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to Benin stood at +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+24.1% per year) and Uganda (-24.0% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for tubes, pipes and hoses of vulcanized rubber exports from Nigeria, comprising 59% of total exports. The second position in the ranking was held by the UK ($X), with a 13% share of total exports. It was followed by Benin, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Cote d'Ivoire totaled -15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-9.8% per year) and Benin (+15.2% per year).

Export Prices by Country

The average rubber tube and pipe export price stood at $X per ton in 2021, picking up by 9.2% against the previous year. Over the period under review, the export price, however, faced a deep setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 153% 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 somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Benin ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Congo (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into Nigeria

In 2021, approx. X tons of tubes, pipes and hoses of vulcanized rubber were imported into Nigeria; increasing by 13% compared with the previous year. In general, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 212% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, rubber tube and pipe imports dropped significantly to $X in 2021. Overall, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 195%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest rubber tube and pipe supplier to Nigeria, with a 70% share of total imports. Moreover, rubber tube and pipe imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. The third position in this ranking was held by France (X tons), with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-6.0% per year) and France (+9.1% per year).

In value terms, China ($X) constituted the largest supplier of tubes, pipes and hoses of vulcanized rubber to Nigeria, comprising 38% of total imports. The second position in the ranking was taken by the UK ($X), with an 11% share of total imports. It was followed by France, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-8.6% per year) and France (+9.9% per year).

Import Prices by Country

In 2021, the average rubber tube and pipe import price amounted to $X per ton, with a decrease of -26% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 45%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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