Price for Garden or Similar Umbrellas in Nigeria - 2022
Contents:
- Price for Garden or Similar Umbrellas in Nigeria (CIF) - 2022
- Price for Garden or Similar Umbrellas in Nigeria (FOB) - 2022
- Imports of Garden or Similar Umbrellas in Nigeria
- Exports of Garden or Similar Umbrellas in Nigeria
Price for Garden or Similar Umbrellas in Nigeria (CIF) - 2022
In 2022, the average garden or similar umbrellas import price amounted to $64 per unit, falling by -22.3% against the previous year. Over the period under review, the import price, however, enjoyed a significant increase. The growth pace was the most rapid in 2018 an increase of 85%. Over the period under review, average import prices attained the peak figure at $83 per unit in 2021, and then shrank significantly in the following year.
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 +38.5% per year.
Price for Garden or Similar Umbrellas in Nigeria (FOB) - 2022
The average garden or similar umbrellas export price stood at $32 per unit in 2022, falling by -7.5% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 81% against the previous year. The export price peaked at $41 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Cote d'Ivoire ($33 per unit) and Niger ($32 per unit), while the average price for exports to Tanzania ($30 per unit) and Ghana ($31 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Garden or Similar Umbrellas in Nigeria
In 2022, supplies from abroad of garden or similar umbrellases was finally on the rise to reach 25K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a deep contraction. Over the period under review, imports hit record highs at 41K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, garden or similar umbrellas imports soared to $1.6M in 2022. In general, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Garden or Similar Umbrellas in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 830 | 231 | 413 | 1,496 | 21.7% |
| Hong Kong SAR | 194 | 73.5 | 77.3 | 31.5 | -45.4% |
| Others | 290 | 182 | 140 | 59.2 | -41.1% |
| Total | 1,314 | 486 | 630 | 1,587 | 6.5% |
Top Suppliers of Garden or Similar Umbrellas to Nigeria in 2022:
- China (24.3K units)
- Hong Kong SAR (0.1K units)
Exports of Garden or Similar Umbrellas in Nigeria
In 2022, exports of garden or similar umbrellases from Nigeria reduced sharply to 94 units, waning by -37.7% on the previous year. Overall, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 331% against the previous year. As a result, the exports reached the peak of 151 units, and then declined notably in the following year.
In value terms, garden or similar umbrellas exports declined remarkably to $3K in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 560% against the previous year. As a result, the exports attained the peak of $5.2K, and then dropped dramatically in the following year.
| Export of Garden or Similar Umbrellas in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 1,310 | 510 | 1,519 | 1,566 | 6.1% |
| Benin | 135 | 38.0 | 3,065 | 724 | 75.0% |
| Cote d'Ivoire | 284 | 26.0 | 229 | 198 | -11.3% |
| Niger | 371 | 134 | 32.0 | 190 | -20.0% |
| Tanzania | N/A | N/A | N/A | 89.0 | 0% |
| Congo | 187 | N/A | N/A | N/A | 0% |
| Others | 698 | 78.0 | 345 | 221 | -31.8% |
| Total | 2,985 | 786 | 5,190 | 2,988 | 0.0% |
Top Export Markets for Garden or Similar Umbrellas from Nigeria in 2022:
- Ghana (50.0 units)
- Benin (23.0 units)
- Niger (6.0 units)
- Cote d'Ivoire (6.0 units)
- Tanzania (3.0 units)
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In 2016, the global imports of umbrella stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, umbrella imports continue to indicate a relatively ...
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