Price for Copper; Powders and Flakes in Nigeria - 2022

Contents:

1. Price for Copper; Powders and Flakes in Nigeria (FOB) - 2022
2. Price for Copper; Powders and Flakes in Nigeria (CIF) - 2022
3. Exports of Copper; Powders and Flakes in Nigeria
4. Imports of Copper; Powders and Flakes in Nigeria

Price for Copper; Powders and Flakes in Nigeria (FOB) - 2022

In 2022, the average copper; powders and flakes export price amounted to $1,080 per ton, shrinking by -31.9% against the previous year. Overall, the export price faced a deep setback. The growth pace was the most rapid in 2013 when the average export price increased by 44%. As a result, the export price reached the peak level of $6,844 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +53.7% per year.

Price for Copper; Powders and Flakes in Nigeria (CIF) - 2022

In 2022, the average copper; powders and flakes import price amounted to $11,152 per ton, with a decrease of -10.5% against the previous year. In general, the import price continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 12%. The import price peaked at $13,560 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($13,325 per ton), while the price for India ($10,748 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.0%), while the prices for the other major suppliers experienced a decline.

Exports of Copper; Powders and Flakes in Nigeria

In 2022, approx. 477 tons of copper; powders and flakeses were exported from Nigeria; rising by 174% against the previous year. Over the period under review, exports, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 1,807% against the previous year.

In value terms, copper; powders and flakes exports surged to $515K in 2022. Overall, exports, however, showed a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 867% against the previous year.

Top Export Markets for Copper; Powders and Flakes from Nigeria in 2022:

1. Spain (476.9 tons)

Imports of Copper; Powders and Flakes in Nigeria

In 2022, imports of copper; powders and flakeses into Nigeria declined notably to 4.8 tons, falling by -69.7% compared with the previous year. Over the period under review, imports saw a significant decline. The smallest decline of -3.5% was in 2020.

In value terms, copper; powders and flakes imports reduced sharply to $53K in 2022. Overall, imports saw a sharp shrinkage. The smallest decline of -1.1% was in 2020.

Top Suppliers of Copper; Powders and Flakes to Nigeria in 2022:

1. Brazil (3.6 tons)
2. Germany (0.6 tons)
3. India (0.5 tons)

Source: IndexBox Market Intelligence Platform