Nigeria - I-Sections Of Non-Alloy Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Alloy Steel I-Sections Price in Nigeria - 2022
Contents:
- Non-Alloy Steel I-Sections Price in Nigeria (CIF) - 2022
- Non-Alloy Steel I-Sections Price in Nigeria (FOB) - 2022
- Non-Alloy Steel I-Sections Imports in Nigeria
- Non-Alloy Steel I-Sections Exports in Nigeria
Non-Alloy Steel I-Sections Price in Nigeria (CIF) - 2022
The average non-alloy steel i-sections import price stood at $710 per ton in 2022, with an increase of 22% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 22% against the previous year. The import price peaked at $752 per ton in 2013; however, from 2014 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 China ($716 per ton), while the price for the United Arab Emirates ($402 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Alloy Steel I-Sections Price in Nigeria (FOB) - 2022
The average non-alloy steel i-sections export price stood at $1,155 per ton in 2022, increasing by 27% against the previous year. In general, the export price posted noticeable growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 54%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
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 Benin amounted to +28.8% per year.
Non-Alloy Steel I-Sections Imports in Nigeria
Non-alloy steel i-sections imports into Nigeria skyrocketed to 14K tons in 2022, with an increase of 35% compared with 2021 figures. Overall, imports posted significant growth. The growth pace was the most rapid in 2020 when imports increased by 255%. As a result, imports attained the peak of 26K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, non-alloy steel i-sections imports surged to $10M in 2022. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 292% against the previous year. As a result, imports reached the peak of $13M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Non-Alloy Steel I-Sections in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.7 | 8.6 | 3.2 | 9.9 | 141.8% |
| United Arab Emirates | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Spain | 0.1 | 0.3 | 0.3 | N/A | 73.2% |
| Russia | 0.6 | 1.1 | 1.0 | N/A | 29.1% |
| South Africa | 1.0 | 1.5 | 1.1 | N/A | 4.9% |
| Turkey | 0.6 | 0.6 | 0.1 | N/A | -59.2% |
| Others | 0.3 | 0.4 | 0.4 | 0.1 | -30.7% |
| Total | 3.2 | 12.6 | 6.2 | 10.1 | 46.7% |
Top Suppliers of Non-Alloy Steel I-Sections to Nigeria in 2022:
- Turkey (undefinedK tons)
- China (13.8K tons)
- United Arab Emirates (0.5K tons)
Non-Alloy Steel I-Sections Exports in Nigeria
In 2022, the amount of i-sections of non-alloy steel exported from Nigeria soared to 499 tons, increasing by 203% against 2021. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 251% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, non-alloy steel i-sections exports skyrocketed to $576K in 2022. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 443% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Non-Alloy Steel I-Sections in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | N/A | N/A | 82.5 | 576 | 598.2% |
| Niger | 13.9 | 81.0 | 51.3 | N/A | 92.1% |
| Others | 1.2 | 1.1 | 15.2 | N/A | 255.9% |
| Total | 15.1 | 82.1 | 149 | 576 | 236.6% |
Top Export Markets for Non-Alloy Steel I-Sections from Nigeria in 2022:
- Ghana (498.9 tons)
This report provides an in-depth analysis of the non-alloy steel i-sections 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 24107120 - I-sections of a web height of .80 mm or more (of non-alloy steel)
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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