Report Update: Apr 1, 2024

Nigeria - Aluminium Alloy Tubes And Pipes - Market Analysis, Forecast, Size, Trends And Insights

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Aluminium Alloy Tube Price in Nigeria - 2022

Aluminium Alloy Tube Price in Nigeria (CIF) - 2022

The average aluminium alloy tube import price stood at $3,200 per ton in 2022, with a decrease of -16.9% against the previous year. In general, the import price saw a abrupt setback. The growth pace was the most rapid in 2020 when the average import price increased by 14%. Over the period under review, average import prices hit record highs at $5,937 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($10,266 per ton), while the price for China ($1,871 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+8.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Aluminium Alloy Tube Price in Nigeria (FOB) - 2022

The average aluminium alloy tube export price stood at $726 per ton in 2022, shrinking by -3.7% against the previous year. Overall, the export price showed a abrupt setback. The growth pace was the most rapid in 2021 an increase of 8.2%. The export price peaked at $2,245 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($2,731 per ton), while the average price for exports to Niger ($93 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Alloy Tube Imports in Nigeria

In 2022, aluminium alloy tube imports into Nigeria skyrocketed to 289 tons, rising by 451% against 2021 figures. In general, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, aluminium alloy tube imports surged to $926K in 2022. Over the period under review, imports enjoyed a significant increase.

Import of Aluminium Alloy Tube in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	86.1	288	26.0	392	65.7%
Singapore	135	396	99.1	321	33.5%
Egypt	20.6	50.0	10.3	44.1	28.9%
Austria	3.2	16.1	14.2	38.0	128.1%
United States	89.7	94.6	3.8	24.7	-34.9%
Czech Republic	9.6	18.8	3.1	6.8	-10.9%
India	19.1	90.0	2.2	6.5	-30.2%
Poland	36.9	N/A	N/A	N/A	0%
Others	60.2	128	43.7	91.7	15.1%
Total	460	1,081	202	926	26.3%

Top Suppliers of Aluminium Alloy Tube to Nigeria in 2022:

China (209.7 tons)
Singapore (31.3 tons)
Egypt (11.5 tons)
Austria (8.9 tons)
India (3.8 tons)
Czech Republic (3.2 tons)
United States (2.1 tons)

Aluminium Alloy Tube Exports in Nigeria

In 2022, approx. 23 tons of aluminium alloy tubes and pipes were exported from Nigeria; dropping by -1.9% compared with 2021 figures. In general, exports saw a slight setback. The growth pace was the most rapid in 2021 when exports increased by 4%.

In value terms, aluminium alloy tube exports dropped to $16K in 2022. Over the period under review, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2021 when exports increased by 12% against the previous year.

Export of Aluminium Alloy Tube in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ghana	10.9	8.5	9.6	9.4	-4.8%
Burkina Faso	7.2	5.6	6.3	6.2	-4.9%
Niger	0.6	0.4	0.3	0.2	-30.7%
Benin	0.2	0.3	0.6	0.1	-20.6%
Others	0.5	0.6	0.7	0.6	6.3%
Total	19.4	15.5	17.5	16.5	-5.3%

Top Export Markets for Aluminium Alloy Tube from Nigeria in 2022:

Burkina Faso (16.7 tons)
Ghana (3.4 tons)
Niger (2.4 tons)
Benin (0.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the aluminium alloy tube market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24422650 - Aluminium alloy tubes and pipes (excluding hollow profiles, t ubes or pipe fittings, flexible tubing, tubes and pipes prepared for use in structures, machinery or vehicle parts, or the like)

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023