Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Nigeria - 2023
Contents:
- Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Nigeria (CIF) - 2022
- Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Nigeria (FOB) - 2022
- Imports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Nigeria
- Exports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Nigeria
Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Nigeria (CIF) - 2022
In 2022, the average import price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s amounted to $3,512 per ton, surging by 39% against the previous year. Over the period under review, the import price showed a pronounced expansion. The growth pace was the most rapid in 2021 an increase of 72%. Over the period under review, average import prices hit record highs at $3,762 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($6,775 per ton), while the price for China ($2,295 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Nigeria (FOB) - 2022
In 2022, the average export price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s amounted to $1,968 per ton, increasing by 64% against the previous year. Over the period under review, the export price, however, recorded a drastic downturn. The growth pace was the most rapid in 2016 when the average export price increased by 180%. As a result, the export price attained the peak level of $7,541 per ton. From 2017 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 India ($2,394 per ton), while the average price for exports to Benin ($836 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 Niger (+2.5%), while the prices for the other major destinations experienced a decline.
Imports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Nigeria
In 2022, purchases abroad of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s decreased by -31.4% to 38K tons, falling for the second consecutive year after two years of growth. Overall, imports saw a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 36%. As a result, imports reached the peak of 70K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s dropped modestly to $135M in 2022. The total import value increased at an average annual rate of +9.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. As a result, imports attained the peak of $141M, and then shrank in the following year.
| Import of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 47.3 | 37.2 | 65.6 | 53.1 | 3.9% |
| Thailand | 0.6 | 6.7 | 26.0 | 42.5 | 313.8% |
| China | 35.4 | 35.9 | 30.5 | 31.5 | -3.8% |
| Saudi Arabia | 16.8 | 20.8 | 6.8 | 3.1 | -43.1% |
| Others | 2.9 | 2.3 | 12.5 | 4.8 | 18.3% |
| Total | 103 | 103 | 141 | 135 | 9.4% |
Top Suppliers of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) to Nigeria in 2022:
- China (13.7K tons)
- South Korea (13.7K tons)
- Thailand (9.1K tons)
- Saudi Arabia (0.8K tons)
Exports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Nigeria
In 2022, approx. 24 tons of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s were exported from Nigeria; picking up by 750% on the previous year's figure. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s soared to $48K in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | N/A | 42.3 | 0% |
| Benin | 4.0 | 1.4 | 2.1 | 4.5 | 4.0% |
| Niger | 1.0 | 0.4 | 0.3 | 1.3 | 9.1% |
| Cameroon | N/A | 2.0 | 0.2 | N/A | -90.0% |
| Others | N/A | N/A | 0.8 | N/A | 0% |
| Total | 5.0 | 3.8 | 3.4 | 48.1 | 112.7% |
Top Export Markets for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) from Nigeria in 2022:
- India (17.7 tons)
- Benin (5.4 tons)
- Niger (1.4 tons)
198
This report provides an in-depth analysis of the market for aluminium alloy plate, sheet and strip of thickness over 0.2 mm in Nigeria.
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This report provides an in-depth analysis of the market for aluminium plate, sheet and strip of thickness over 0.2 mm in Nigeria.
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This report provides an in-depth analysis of the global market for aluminium alloy plate, sheet and strip of thickness over 0.2 mm.
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This report provides an in-depth analysis of the global market for aluminium plate, sheet and strip of thickness over 0.2 mm.
198
This report provides an in-depth analysis of the market for aluminium alloy plate, sheet and strip of thickness over 0.2 mm in Nigeria.
144
This report provides an in-depth analysis of the market for aluminium plate, sheet and strip of thickness over 0.2 mm in Nigeria.
229
This report provides an in-depth analysis of the global market for aluminium alloy plate, sheet and strip of thickness over 0.2 mm.
218
This report provides an in-depth analysis of the global market for aluminium plate, sheet and strip of thickness over 0.2 mm.
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