Price for Buttons; of Base Metal, Not Covered with Textile Material in Nigeria - 2023
Contents:
- Price for Buttons; of Base Metal, Not Covered with Textile Material in Nigeria (CIF) - 2022
- Price for Buttons; of Base Metal, Not Covered with Textile Material in Nigeria (FOB) - 2022
- Imports of Buttons; of Base Metal, Not Covered with Textile Material in Nigeria
- Exports of Buttons; of Base Metal, Not Covered with Textile Material in Nigeria
Price for Buttons; of Base Metal, Not Covered with Textile Material in Nigeria (CIF) - 2022
In 2022, the average import price for buttons; of base metal, not covered with textile materials amounted to $1,912 per ton, with a decrease of -11.8% against the previous year. Over the period under review, the import price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 339%. The import price peaked at $4,517 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Pakistan ($14,041 per ton), while the price for the United Arab Emirates ($298 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+15.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Buttons; of Base Metal, Not Covered with Textile Material in Nigeria (FOB) - 2022
The average export price for buttons; of base metal, not covered with textile materials stood at $2,067 per ton in 2022, reducing by -28.1% against the previous year. Over the period under review, the export price, however, recorded a temperate expansion. The most prominent rate of growth was recorded in 2017 an increase of 236% against the previous year. Over the period under review, the average export prices attained the peak figure at $8,966 per ton in 2019; however, from 2020 to 2022, the export prices stood 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 Ghana ($2,154 per ton), while the average price for exports to Benin ($1,000 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 Benin (+6.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Buttons; of Base Metal, Not Covered with Textile Material in Nigeria
In 2022, the amount of buttons; of base metal, not covered with textile materials imported into Nigeria surged to 88 tons, rising by 444% compared with the previous year. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of buttons; of base metal, not covered with textile materials soared to $168K in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Buttons; of Base Metal, Not Covered with Textile Material in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.9 | 18.6 | 16.3 | 111 | 123.8% |
| Pakistan | 1.6 | 3.6 | 5.3 | 32.5 | 172.8% |
| India | 5.6 | 8.3 | 8.1 | 18.1 | 47.9% |
| United Arab Emirates | N/A | N/A | N/A | 3.2 | 0% |
| Others | 4.5 | 4.2 | 5.4 | 3.9 | -4.7% |
| Total | 21.6 | 34.7 | 35.1 | 168 | 98.1% |
Top Suppliers of Buttons; of Base Metal, Not Covered with Textile Material to Nigeria in 2022:
- China (68.6 tons)
- United Arab Emirates (10.9 tons)
- India (5.9 tons)
- Pakistan (2.3 tons)
Exports of Buttons; of Base Metal, Not Covered with Textile Material in Nigeria
In 2022, approx. 15 kg of buttons; of base metal, not covered with textile materials were exported from Nigeria; increasing by 88% on 2021. Overall, exports, however, showed a sharp descent.
In value terms, exports of buttons; of base metal, not covered with textile materials soared to $31 in 2022. In general, exports, however, saw a sharp curtailment.
| Export of Buttons; of Base Metal, Not Covered with Textile Material in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 2,911 | 616 | 19.0 | 28.0 | -78.7% |
| Cote d'Ivoire | 463 | 60.0 | 2.0 | 2.0 | -83.7% |
| Benin | 278 | 24.0 | 1.0 | 1.0 | -84.7% |
| Congo | 6,551 | 381 | N/A | N/A | -94.2% |
| Others | N/A | N/A | 1.0 | N/A | 0% |
| Total | 10,203 | 1,081 | 23.0 | 31.0 | -85.5% |
Top Export Markets for Buttons; of Base Metal, Not Covered with Textile Material from Nigeria in 2022:
- Ghana (13.0 kg)
- Cote d'Ivoire (1.0 kg)
- Benin (1.0 kg)
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