Nigeria - Iron/Steel Stud-Link Chain - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Stud-Link Chain Price in Nigeria - 2022
Contents:
- Metal Stud-Link Chain Price in Nigeria (CIF) - 2022
- Metal Stud-Link Chain Price in Nigeria (FOB) - 2022
- Metal Stud-Link Chain Imports in Nigeria
- Metal Stud-Link Chain Exports in Nigeria
Metal Stud-Link Chain Price in Nigeria (CIF) - 2022
The average metal stud-link chain import price stood at $2,253 per ton in 2022, rising by 30% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal stud-link chain import price increased by +32.8% against 2020 indices. The pace of growth appeared the most rapid in 2015 an increase of 51%. As a result, import price attained the peak level of $3,141 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($7,658 per ton), while the price for Spain ($250 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+22.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Metal Stud-Link Chain Price in Nigeria (FOB) - 2022
In 2022, the average metal stud-link chain export price amounted to $8,061 per ton, declining by -3.3% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 22% against the previous year. The export price peaked at $8,338 per ton in 2021, and then shrank in the following year.
As there is only one major export destination, the average price level is determined by prices for Ghana.
From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to +3.7% per year.
Metal Stud-Link Chain Imports in Nigeria
In 2022, approx. 786 tons of iron/steel stud-link chain were imported into Nigeria; which is down by -31.3% against the previous year's figure. In general, imports saw a deep setback. The growth pace was the most rapid in 2021 with an increase of 25%. As a result, imports attained the peak of 1.1K tons, and then fell remarkably in the following year.
In value terms, metal stud-link chain imports declined to $1.8M in 2022. Over the period under review, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 28%.
| Import of Metal Stud-Link Chain in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 916 | 76.9 | 187 | 531 | -16.6% |
| Norway | 411 | 543 | 691 | 399 | -1.0% |
| Japan | 348 | 296 | 268 | 145 | -25.3% |
| China | 177 | 235 | 200 | 116 | -13.1% |
| Spain | 160 | 121 | 137 | 79.3 | -20.9% |
| United States | 7.1 | 95.1 | 92.5 | 53.5 | 96.0% |
| France | 112 | 26.9 | 46.5 | 32.7 | -33.7% |
| Others | 182 | 159 | 367 | 415 | 31.6% |
| Total | 2,313 | 1,554 | 1,989 | 1,772 | -8.5% |
Top Suppliers of Metal Stud-Link Chain to Nigeria in 2022:
- Spain (317.2 tons)
- China (189.0 tons)
- United Kingdom (79.2 tons)
- Norway (76.3 tons)
- United States (29.3 tons)
- Japan (18.9 tons)
- France (13.7 tons)
Metal Stud-Link Chain Exports in Nigeria
In 2022, shipments abroad of iron/steel stud-link chain decreased by -4.6% to 1.1 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 10% against the previous year.
In value terms, metal stud-link chain exports reduced to $9.2K in 2022. The total export value increased at an average annual rate of +8.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 18%.
| Export of Metal Stud-Link Chain in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 7.1 | 8.4 | 10.0 | 9.2 | 9.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.1 | 8.4 | 10.0 | 9.2 | 9.0% |
Top Export Markets for Metal Stud-Link Chain from Nigeria in 2022:
- Ghana (1.1 tons)
This report provides an in-depth analysis of the metal stud-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 25931710 - Iron/steel stud-link chain excluding chains fitted with cutting, o r other articles where chains play a subsidiary role, door guards finished with chains, surveying chains, imitation jewellery
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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