Alloy Steel Powders Price in Nigeria - 2022
Contents:
Alloy Steel Powders Price in Nigeria (CIF) - 2022
The average alloy steel powders import price stood at $4,456 per ton in 2022, with a decrease of -64.8% against the previous year. Over the period under review, the import price, however, continues to indicate a notable expansion. The most prominent rate of growth was recorded in 2021 an increase of 177%. As a result, import price attained the peak level of $12,677 per ton, and then reduced markedly 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 Germany amounted to +32.9% per year.
Alloy Steel Powders Imports in Nigeria
Alloy steel powders imports into Nigeria surged to 2.3 tons in 2022, increasing by 157% against the previous year. Overall, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, alloy steel powders imports reduced to $10K in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.2% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 31% against the previous year.
| Import of Alloy Steel Powders in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.0 | 9.0 | 2.2 | 10.2 | 13.4% |
| Germany | N/A | N/A | 4.5 | N/A | 0% |
| Others | N/A | 0.1 | 4.7 | N/A | 4600.0% |
| Total | 7.0 | 9.1 | 11.3 | 10.2 | 13.4% |
Top Suppliers of Alloy Steel Powders to Nigeria in 2022:
- China (2.3 tons)
445
This report provides an in-depth analysis of the pig iron articles market in Nigeria.
490
This report provides an in-depth analysis of the global pig iron articles market.
445
This report provides an in-depth analysis of the pig iron articles market in Nigeria.
490
This report provides an in-depth analysis of the global pig iron articles market.
1625
In value terms, granules and powders of pig iron, spiegeleisen, iron and steel imports totaled $X in 2016. Overall, granules and powders of pig iron, spiegeleisen, iron and steel imports continue t...
974
In value terms, granules and powders of pig iron, spiegeleisen, iron and steel exports stood at $X in 2016. In general, granules and powders of pig iron, spiegeleisen, iron and steel exports contin...
1625
In value terms, granules and powders of pig iron, spiegeleisen, iron and steel imports totaled $X in 2016. Overall, granules and powders of pig iron, spiegeleisen, iron and steel imports continue t...
974
In value terms, granules and powders of pig iron, spiegeleisen, iron and steel exports stood at $X in 2016. In general, granules and powders of pig iron, spiegeleisen, iron and steel exports contin...
