Nigeria - Permanent Magnets Of Metal - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Permanent Magnet Price in Nigeria - 2022
Contents:
- Metal Permanent Magnet Price in Nigeria (CIF) - 2022
- Metal Permanent Magnet Price in Nigeria (FOB) - 2022
- Metal Permanent Magnet Imports in Nigeria
- Metal Permanent Magnet Exports in Nigeria
Metal Permanent Magnet Price in Nigeria (CIF) - 2022
In 2022, the average metal permanent magnet import price amounted to $2,670 per ton, shrinking by -25.4% against the previous year. Over the period under review, the import price showed a deep downturn. The growth pace was the most rapid in 2019 an increase of 193% against the previous year. As a result, import price attained the peak level of $6,521 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($2,437 per ton), while the price for China totaled $1,747 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.2%).
Metal Permanent Magnet Price in Nigeria (FOB) - 2022
The average metal permanent magnet export price stood at $8,250 per ton in 2022, waning by -3% against the previous year. Overall, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 173%. Over the period under review, the average export prices hit record highs at $30,494 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($69,692 per ton), while the average price for exports to Niger ($1,000 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 Cote d'Ivoire (+18.3%), while the prices for the other major destinations experienced mixed trend patterns.
Metal Permanent Magnet Imports in Nigeria
In 2022, metal permanent magnet imports into Nigeria fell notably to 86 tons, which is down by -34.7% compared with the year before. Overall, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 356%. As a result, imports reached the peak of 131 tons, and then reduced sharply in the following year.
In value terms, metal permanent magnet imports contracted remarkably to $228K in 2022. In general, imports faced a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 356% against the previous year. As a result, imports reached the peak of $469K, and then fell dramatically in the following year.
Import of Metal Permanent Magnet in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 43.8 | 4.2 | 67.8 | 110 | 35.9% |
India | 26.4 | 56.3 | 172 | 51.9 | 25.3% |
Belgium | 48.5 | 0.1 | 2.3 | 0.9 | -73.5% |
Egypt | N/A | N/A | 116 | N/A | 0% |
Others | 318 | 42.4 | 110 | 65.5 | -40.9% |
Total | 437 | 103 | 469 | 228 | -19.5% |
Top Suppliers of Metal Permanent Magnet to Nigeria in 2022:
- China (63.0 tons)
- India (21.3 tons)
- Belgium (0.2 tons)
Metal Permanent Magnet Exports in Nigeria
In 2022, after three years of growth, there was significant decline in overseas shipments of metal permanent magnets, when their volume decreased by -76.3% to 128 kg. Over the period under review, exports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2021 when exports increased by 103%. As a result, the exports reached the peak of 541 kg, and then shrank remarkably in the following year.
In value terms, metal permanent magnet exports shrank dramatically to $1.1K in 2022. In general, exports continue to indicate a dramatic descent. The growth pace was the most rapid in 2020 when exports increased by 38%. As a result, the exports reached the peak of $8.1K. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Metal Permanent Magnet in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cote d'Ivoire | 5.1 | 7.7 | 1.5 | 0.9 | -43.9% |
Niger | N/A | N/A | N/A | 0.1 | 0% |
Congo | 0.2 | 0.2 | 1.7 | N/A | 191.5% |
United Arab Emirates | 0.4 | 0.2 | 0.9 | N/A | 50.0% |
Ghana | 0.1 | 0.1 | 0.5 | N/A | 123.6% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 5.9 | 8.1 | 4.6 | 1.1 | -42.9% |
Top Export Markets for Metal Permanent Magnet from Nigeria in 2022:
- Niger (105.0 kg)
- Cote d'Ivoire (13.0 kg)
- United Arab Emirates (4.0 kg)
- Congo (3.0 kg)
- Ghana (2.0 kg)
This report provides an in-depth analysis of the metal permanent magnet 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 25992995 - Permanent magnets and articles intended to become permanent magnets, of metal
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
This report provides an in-depth analysis of the metal permanent magnet market in Nigeria.
This report provides an in-depth analysis of the permanent magnet market in Nigeria.
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This report provides an in-depth analysis of the global metal permanent magnet market.
This report provides an in-depth analysis of the global permanent magnet market.
This report provides an in-depth analysis of the global electro-magnetic coupling market.
This report provides an in-depth analysis of the global electromagnetic lifting head market.
This report provides an in-depth analysis of the global non-metal permanent magnet market.
Discover the leading countries in the global market for metal permanent magnets and their import values for 2023. Gain insights into key players and market trends in this industry.
Explore the top 10 import markets for permanent magnets, including key statistics and insights. Find out which countries dominate the global import market for these essential materials.
With the development of the electric car and electronic technology industry, the demand for permanent magnets is showing significant growth. China, thanks to government subsidies, continues to maintain low market prices for permanent magnets and dominate the export market.
Global permanent magnet imports totaled X tons in 2016, remaining stable against the previous year figure. Overall, permanent magnet imports continue to indicate a relatively flat trend pattern. ...
Global permanent magnet imports totaled X tons in 2016, remaining stable against the previous year figure. Overall, permanent magnet imports continue to indicate a relatively flat trend pattern. ...
Discover the leading countries in the global market for metal permanent magnets and their import values for 2023. Gain insights into key players and market trends in this industry.
Explore the top 10 import markets for permanent magnets, including key statistics and insights. Find out which countries dominate the global import market for these essential materials.
With the development of the electric car and electronic technology industry, the demand for permanent magnets is showing significant growth. China, thanks to government subsidies, continues to maintain low market prices for permanent magnets and dominate the export market.
Global permanent magnet imports totaled X tons in 2016, remaining stable against the previous year figure. Overall, permanent magnet imports continue to indicate a relatively flat trend pattern. ...
Global permanent magnet imports totaled X tons in 2016, remaining stable against the previous year figure. Overall, permanent magnet imports continue to indicate a relatively flat trend pattern. ...