Price for Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in Nigeria - 2022
Contents:
- Price for Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in Nigeria (CIF) - 2022
- Price for Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in Nigeria (FOB) - 2022
- Imports of Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in Nigeria
- Exports of Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in Nigeria
Price for Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in Nigeria (CIF) - 2022
In 2022, the average import price for balls; (other than inflatable or for lawn-tennis, golf or table-tennis) amounted to $2.9 per unit, picking up by 21% against the previous year. Overall, the import price showed a prominent increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 47% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($2.9 per unit) and Turkey ($2.9 per unit), while the price for the United Arab Emirates ($2.9 per unit) and Germany ($2.9 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in Nigeria (FOB) - 2022
The average export price for balls; (other than inflatable or for lawn-tennis, golf or table-tennis) stood at $2.5 per unit in 2022, rising by 10% against the previous year. In general, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the average export price increased by 47%. As a result, the export price reached the peak level of $3.2 per unit. From 2020 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Kenya ($3 per unit) and Sao Tome and Principe ($2.5 per unit), while the average price for exports to South Africa ($2.5 per unit) and Niger ($2.5 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 Angola (+79.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in Nigeria
After two years of decline, purchases abroad of balls; (other than inflatable or for lawn-tennis, golf or table-tennis) increased by 335% to 132K units in 2022. In general, imports, however, saw a sharp decline. Over the period under review, imports of attained the peak figure at 286K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of balls; (other than inflatable or for lawn-tennis, golf or table-tennis) surged to $385K in 2022. Overall, imports, however, recorded a abrupt decrease. Imports peaked at $603K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 405 | 152 | 44.9 | 307 | -8.8% |
| United States | 165 | 0.9 | 8.1 | 41.4 | -36.9% |
| South Africa | 1.8 | 1.4 | 1.1 | 23.0 | 133.8% |
| Turkey | 7.7 | N/A | N/A | 6.9 | -3.6% |
| Germany | 8.7 | N/A | 8.4 | 2.5 | -34.0% |
| Others | 14.3 | 10.5 | 10.7 | 4.4 | -32.5% |
| Total | 603 | 165 | 73.2 | 385 | -13.9% |
Top Suppliers of Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) to Nigeria in 2022:
- China (104.9K units)
- United States (14.2K units)
- South Africa (7.9K units)
- Turkey (2.4K units)
- Germany (0.8K units)
Exports of Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in Nigeria
In 2022, shipments abroad of balls; (other than inflatable or for lawn-tennis, golf or table-tennis) decreased by -75.3% to 637 units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a measured increase. The pace of growth was the most pronounced in 2020 with an increase of 177% against the previous year. Over the period under review, the exports of reached the maximum at 2.6K units in 2021, and then contracted significantly in the following year.
In value terms, exports of balls; (other than inflatable or for lawn-tennis, golf or table-tennis) declined rapidly to $1.6K in 2022. In general, exports saw a deep setback. The growth pace was the most rapid in 2020 when exports increased by 109%. Over the period under review, the exports of hit record highs at $5.8K in 2021, and then fell markedly in the following year.
| Export of Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | 12.0 | N/A | 34.0 | 1,071 | 346.9% |
| South Africa | N/A | N/A | 107 | 292 | 172.9% |
| Sao Tome and Principe | N/A | N/A | N/A | 90.0 | 0% |
| Kenya | N/A | N/A | N/A | 76.0 | 0% |
| Niger | 20.0 | 52.0 | 1,535 | 54.0 | 39.2% |
| Cote d'Ivoire | 1,166 | 250 | 1,273 | N/A | 4.5% |
| Cameroon | N/A | 3,614 | 2,647 | N/A | -26.8% |
| Others | 679 | N/A | 236 | 2.0 | -85.7% |
| Total | 1,877 | 3,916 | 5,832 | 1,585 | -5.5% |
Top Export Markets for Balls; (Other than Inflatable or for Lawn-Tennis, Golf or Table-Tennis) from Nigeria in 2022:
- Benin (433.0 units)
- South Africa (119.0 units)
- Sao Tome and Principe (36.0 units)
- Kenya (25.0 units)
- Niger (22.0 units)
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