Nigeria - Iron Or Steel Articulated Link Chain - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Link Chain Price in Nigeria - 2022
Contents:
- Metal Link Chain Price in Nigeria (CIF) - 2022
- Metal Link Chain Price in Nigeria (FOB) - 2022
- Metal Link Chain Imports in Nigeria
- Metal Link Chain Exports in Nigeria
Metal Link Chain Price in Nigeria (CIF) - 2022
In 2022, the average metal link chain import price amounted to $9,616 per ton, growing by 119% against the previous year. Overall, the import price enjoyed a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +5.7% per year.
Metal Link Chain Price in Nigeria (FOB) - 2022
In 2022, the average metal link chain export price amounted to $4,889 per ton, growing by 66% against the previous year. Overall, the export price posted a noticeable expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 529% against the previous year. As a result, the export price attained the peak level of $22,178 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($17,704 per ton), while the average price for exports to Zimbabwe ($1,769 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 Benin (+131.6%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Link Chain Imports in Nigeria
In 2022, approx. 808 tons of iron or steel articulated link chain were imported into Nigeria; rising by 50% against the year before. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 188%. As a result, imports reached the peak of 958 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, metal link chain imports soared to $7.8M in 2022. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Metal Link Chain in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 33.0 | 0.2 | 6.1 | 7,773 | 517.6% |
| China | 114 | 221 | 272 | N/A | 54.5% |
| Germany | 600 | 1,058 | 921 | N/A | 23.9% |
| Japan | 140 | 431 | 2.5 | N/A | -86.6% |
| Italy | 507 | 391 | 360 | N/A | -15.7% |
| Netherlands | 13.5 | 338 | 33.5 | N/A | 57.5% |
| Others | 883 | 2,169 | 782 | N/A | -5.9% |
| Total | 2,290 | 4,609 | 2,376 | 7,773 | 50.3% |
Top Suppliers of Metal Link Chain to Nigeria in 2022:
- United Arab Emirates (808.3 tons)
Metal Link Chain Exports in Nigeria
In 2022, the amount of iron or steel articulated link chain exported from Nigeria dropped rapidly to 1.8 tons, with a decrease of -27% on the year before. Over the period under review, exports showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 65% against the previous year.
In value terms, metal link chain exports skyrocketed to $8.7K in 2022. Overall, exports showed a precipitous slump.
| Export of Metal Link Chain in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | N/A | N/A | N/A | 4.5 | 0% |
| India | N/A | N/A | N/A | 2.0 | 0% |
| Sao Tome and Principe | 7.9 | N/A | N/A | 0.9 | -51.5% |
| Zimbabwe | N/A | 0.2 | 1.9 | 0.8 | 100.0% |
| Bahrain | N/A | N/A | N/A | 0.4 | 0% |
| Cote d'Ivoire | 18.2 | 9.9 | N/A | N/A | -45.6% |
| Uganda | N/A | 0.1 | N/A | N/A | 0% |
| Congo | N/A | N/A | 4.4 | N/A | 0% |
| Ghana | 27.6 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | 0.9 | N/A | 800.0% |
| Total | 53.7 | 10.3 | 7.2 | 8.7 | -45.5% |
Top Export Markets for Metal Link Chain from Nigeria in 2022:
- Benin (969.0 kg)
- Zimbabwe (463.0 kg)
- Sao Tome and Principe (162.0 kg)
- India (115.0 kg)
- Bahrain (75.0 kg)
This report provides an in-depth analysis of the metal link chain 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 28152170 - Iron or steel articulated link chain (excluding roller chain)
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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