Nigeria - Pressure-Reducing, Control, Check and Safety Valves - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPressure-Reducing Iron Valve Price in Nigeria - 2022
Contents:
- Pressure-Reducing Iron Valve Price in Nigeria (CIF) - 2022
- Pressure-Reducing Iron Valve Price in Nigeria (FOB) - 2022
- Pressure-Reducing Iron Valve Imports in Nigeria
- Pressure-Reducing Iron Valve Exports in Nigeria
Pressure-Reducing Iron Valve Price in Nigeria (CIF) - 2022
In June 2022, the average pressure-reducing iron valve import price amounted to $726 per thousand units, leveling off at the previous month. Overall, the import price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in September 2021 an increase of 522% against the previous month. The import price peaked at $810 per thousand units in April 2022; however, from May 2022 to June 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2022, the country with the highest price was the UK ($812 per thousand units), while the price for China ($711 per thousand units) was amongst the lowest.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Pressure-Reducing Iron Valve Price in Nigeria (FOB) - 2022
In 2022, the average pressure-reducing iron valve export price amounted to $11 per unit, increasing by 49% against the previous year. Overall, the export price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2013 when the average export price increased by 191%. Over the period under review, the average export prices hit record highs at $13 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($38 per unit), while the average price for exports to Angola ($0.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.
Pressure-Reducing Iron Valve Imports in Nigeria
In 2022, pressure-reducing iron valve imports into Nigeria rose remarkably to 118M units, with an increase of 7% on 2021. Over the period under review, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 138% against the previous year. As a result, imports attained the peak of 165M units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, pressure-reducing iron valve imports skyrocketed to $429M in 2022. In general, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Pressure-Reducing Iron Valve in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Congo | 8.3 | 20.5 | 12.6 | 186 | 181.9% |
United Arab Emirates | 0.6 | 2.4 | 2.5 | 30.5 | 270.4% |
China | 68.3 | 168 | 101 | 28.8 | -25.0% |
Taiwan (Chinese) | 0.6 | 2.5 | 2.2 | 26.9 | 255.2% |
Turkey | 0.5 | 3.1 | 1.6 | 20.4 | 244.3% |
India | 3.3 | 3.8 | 2.8 | 12.0 | 53.8% |
Italy | 7.2 | 8.3 | 1.9 | 7.3 | 0.5% |
Others | 10.5 | 22.9 | 12.2 | 116 | 122.7% |
Total | 99.3 | 232 | 136 | 429 | 62.9% |
Top Suppliers of Pressure-Reducing Iron Valve to Nigeria in 2022:
- China (33.8M units)
- Taiwan (Chinese) (22.0M units)
- Turkey (21.2M units)
- United Arab Emirates (10.6M units)
- Congo (9.1M units)
- India (5.4M units)
- Italy (3.0M units)
Pressure-Reducing Iron Valve Exports in Nigeria
In 2022, shipments abroad of pressure-reducing, control, check and safety valves was finally on the rise to reach 2K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a sharp shrinkage. The exports peaked at 7K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, pressure-reducing iron valve exports soared to $23K in 2022. In general, exports, however, continue to indicate a precipitous decrease. The exports peaked at $75K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Pressure-Reducing Iron Valve in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 19.6 | 0.1 | 2.1 | 8.1 | -25.5% |
United Kingdom | 16.6 | N/A | 0.1 | 4.8 | -33.9% |
Ghana | 12.1 | 0.1 | 1.2 | 4.1 | -30.3% |
Cote d'Ivoire | 16.0 | N/A | 1.1 | 3.4 | -40.3% |
Mozambique | N/A | N/A | N/A | 0.4 | 0% |
Angola | 1.0 | N/A | 0.1 | 0.3 | -33.1% |
United Arab Emirates | 2.2 | N/A | 0.1 | 0.3 | -48.5% |
Congo | N/A | 39.8 | N/A | N/A | 0% |
Others | 7.6 | N/A | 0.4 | 1.2 | -46.0% |
Total | 75.2 | 40.1 | 5.1 | 22.6 | -33.0% |
Top Export Markets for Pressure-Reducing Iron Valve from Nigeria in 2022:
- Angola (549.0 units)
- Italy (445.0 units)
- Mozambique (269.0 units)
- Cote d'Ivoire (193.0 units)
- United Arab Emirates (180.0 units)
- United Kingdom (127.0 units)
- Ghana (121.0 units)
This report provides an in-depth analysis of the pressure-reducing iron valve 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 28141120 - Pressure-reducing valves of cast iron or steel, for pipes, b oiler shells, tanks, vats and the like (excluding those combined with lubricators or filters)
- Prodcom 28141140 - Pressure-reducing valves for pipes, boiler shells, tanks, vats and the like (excluding of cast iron or steel, those combined with filters or lubricators)
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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