Nigeria: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2025

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Nigeria

The Nigerien vulcanised cellular rubber articles market shrank sharply to $X in 2021, dropping by -36.5% against 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). In general, consumption, however, posted significant growth. Vulcanised cellular rubber articles consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports from Nigeria

In 2021, overseas shipments of vulcanised cellular rubber articles for technical uses decreased by -74.5% to X kg, falling for the third consecutive year after two years of growth. Overall, exports, however, showed a tangible increase. The most prominent rate of growth was recorded in 2013 when exports increased by 1,239%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, vulcanised cellular rubber articles exports fell rapidly to $X in 2021. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 1,638% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Cameroon (X kg) was the main destination for vulcanised cellular rubber articles exports from Nigeria, accounting for a 70% share of total exports. Moreover, vulcanised cellular rubber articles exports to Cameroon exceeded the volume sent to the second major destination, Malaysia (X kg), threefold. The third position in this ranking was taken by Niger (X kg), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume to Cameroon stood at +40.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+11.2% per year) and Niger (+8.0% per year).

In value terms, Malaysia ($X) remains the key foreign market for vulcanised cellular rubber articles for technical uses exports from Nigeria, comprising 88% of total exports. The second position in the ranking was taken by Cameroon ($X), with a 7.4% share of total exports. It was followed by Cote d'Ivoire, with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia amounted to +19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cameroon (+35.8% per year) and Cote d'Ivoire (+18.0% per year).

Export Prices by Country

The average vulcanised cellular rubber articles export price stood at $X per ton in 2021, picking up by 50% against the previous year. Overall, the export price, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 56% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while the average price for exports to Cameroon ($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 Malaysia (+6.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports into Nigeria

Vulcanised cellular rubber articles imports into Nigeria contracted remarkably to X tons in 2021, waning by -38.9% compared with the year before. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 2,871% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, vulcanised cellular rubber articles imports declined remarkably to $X in 2021. In general, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 2,185%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of vulcanised cellular rubber articles to Nigeria, accounting for a 22% share of total imports. Moreover, vulcanised cellular rubber articles imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fivefold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +83.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+34.6% per year) and the United Arab Emirates (+1.4% per year).

In value terms, the largest vulcanised cellular rubber articles suppliers to Nigeria were the United Arab Emirates ($X), China ($X) and Turkey ($X), together accounting for 26% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +52.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vulcanised cellular rubber articles import price stood at $X per ton in 2021, with an increase of 24% against the previous year. Overall, the import price, however, faced a deep reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 68%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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