Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Nigeria - 2023
Contents:
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Nigeria (CIF) - 2022
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Nigeria (FOB) - 2022
- Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Nigeria
- Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Nigeria
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Nigeria (CIF) - 2022
The average import price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $5,614 per ton in 2022, picking up by 3.1% against the previous year. Overall, the import price showed a prominent increase. The most prominent rate of growth was recorded in 2021 an increase of 280%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($12,774 per ton), while the price for India ($1,119 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+83.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Nigeria (FOB) - 2022
In 2022, the average export price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $496 per ton, shrinking by -60% against the previous year. Overall, the export price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 152% against the previous year. As a result, the export price attained the peak level of $4,456 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($1,016 per ton), while the average price for exports to Benin amounted to $317 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Nigeria
In 2022, after three years of growth, there was significant decline in purchases abroad of aluminium; alloys, bars, rods and profiles, other than hollows, when their volume decreased by -74.7% to 262 tons. In general, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 155% against the previous year.
In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows fell remarkably to $1.5M in 2022. Overall, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 393% against the previous year. As a result, imports reached the peak of $5.7M, and then shrank significantly in the following year.
| Import of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | 0.1 | 3,170 | 1,096 | 10369.0% |
| China | 49.5 | 539 | 397 | 243 | 70.0% |
| United Arab Emirates | 530 | 10.2 | 68.7 | 66.8 | -49.9% |
| Germany | 18.9 | 6.1 | 195 | 56.4 | 44.0% |
| Italy | 2.6 | 5.4 | 305 | 1.5 | -16.8% |
| India | 537 | 88.3 | N/A | 0.3 | -91.8% |
| Belgium | N/A | N/A | 769 | N/A | 0% |
| Mauritius | N/A | 244 | 117 | N/A | -52.0% |
| Others | 27.8 | 255 | 635 | 9.1 | -31.1% |
| Total | 1,166 | 1,148 | 5,656 | 1,473 | 8.1% |
Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to Nigeria in 2022:
- France (124.3 tons)
- China (109.9 tons)
- United Arab Emirates (21.7 tons)
- Germany (4.4 tons)
- Italy (0.5 tons)
- India (0.3 tons)
Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Nigeria
Exports of aluminium; alloys, bars, rods and profiles, other than hollows from Nigeria skyrocketed to 13 tons in 2022, picking up by 43% on 2021. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 129%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of aluminium; alloys, bars, rods and profiles, other than hollows dropped markedly to $6.3K in 2022. Over the period under review, exports, however, saw a noticeable descent. The growth pace was the most rapid in 2020 with an increase of 476%. As a result, the exports attained the peak of $40K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 2.2 | N/A | 8.3 | 3.3 | 14.5% |
| Benin | 2.7 | 7.7 | 2.7 | 3.0 | 3.6% |
| Others | 2.0 | 31.8 | N/A | N/A | 1490.0% |
| Total | 6.9 | 39.6 | 11.0 | 6.3 | -3.0% |
Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from Nigeria in 2022:
- Benin (9.4 tons)
- Niger (3.2 tons)
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