Nigeria - Hot-Dipped Metal-Coated Sheet - Market Analysis, Forecast, Size, Trends And Insights
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Contents:
- Hot-Dipped Metal-Coated Sheet Price in Nigeria (CIF) - 2022
- Hot-Dipped Metal-Coated Sheet Price in Nigeria (FOB) - 2022
- Hot-Dipped Metal-Coated Sheet Imports in Nigeria
- Hot-Dipped Metal-Coated Sheet Exports in Nigeria
Hot-Dipped Metal-Coated Sheet Price in Nigeria (CIF) - 2022
The average hot-dipped metal-coated sheet import price stood at $760 per ton in June 2022, waning by -44% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 an increase of 446% m-o-m. As a result, import price attained the peak level of $1,356 per ton, and then reduced dramatically in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2022, the country with the highest price was India ($2,240 per ton), while the price for China totaled $535 per ton.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by India (+7.8%).
Hot-Dipped Metal-Coated Sheet Price in Nigeria (FOB) - 2022
In 2022, the average hot-dipped metal-coated sheet export price amounted to $869 per ton, remaining stable against the previous year. Overall, the export price, however, recorded a perceptible decrease. The growth pace was the most rapid in 2018 an increase of 46%. Over the period under review, the average export prices reached the maximum at $1,427 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($873 per ton), while the average price for exports to Niger totaled $800 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.
Hot-Dipped Metal-Coated Sheet Imports in Nigeria
In 2022, after three years of growth, there was significant decline in supplies from abroad of hot-dipped metal-coated sheet, when their volume decreased by -39.5% to 20K tons. In general, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2020 when imports increased by 98%.
In value terms, hot-dipped metal-coated sheet imports shrank significantly to $14M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +7.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 44% against the previous year.
| Import of Hot-Dipped Metal-Coated Sheet in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.9 | 9.9 | 11.2 | 6.6 | -1.5% |
| India | N/A | 0.6 | 2.1 | 2.7 | 112.1% |
| United Arab Emirates | 0.2 | 0.3 | 1.1 | 1.8 | 108.0% |
| Germany | 3.4 | 3.6 | 2.3 | 0.9 | -35.8% |
| Egypt | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.4 | 1.2 | 0.5 | 1.3 | 48.1% |
| Total | 10.9 | 15.6 | 17.2 | 13.6 | 7.7% |
Top Suppliers of Hot-Dipped Metal-Coated Sheet to Nigeria in 2022:
- China (16.0K tons)
- India (1.3K tons)
- United Arab Emirates (0.7K tons)
- Egypt (0.5K tons)
- Germany (0.4K tons)
Hot-Dipped Metal-Coated Sheet Exports in Nigeria
For the third consecutive year, Nigeria recorded decline in overseas shipments of hot-dipped metal-coated sheet, which decreased by -46.1% to 213 tons in 2022. Overall, exports saw a dramatic slump. The smallest decline of -29.1% was in 2021.
In value terms, hot-dipped metal-coated sheet exports reduced notably to $185K in 2022. In general, exports faced a dramatic slump. The smallest decline of -30% was in 2021.
| Export of Hot-Dipped Metal-Coated Sheet in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | 246 | 129 | 274 | 173 | -11.1% |
| Niger | 15.5 | 327 | 47.1 | 11.7 | -8.9% |
| Burkina Faso | N/A | 18.7 | 19.6 | N/A | 4.8% |
| Ghana | 447 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 13.3 | 0.7 | 0.1 | -20.6% |
| Total | 709 | 488 | 341 | 185 | -36.1% |
Top Export Markets for Hot-Dipped Metal-Coated Sheet from Nigeria in 2022:
- Benin (198.6 tons)
- Niger (14.6 tons)
This report provides an in-depth analysis of the hot-dipped metal-coated sheet 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 24105130 - Hot-dipped metal coated sheet and strip of a width . .600 mm
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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