Nigeria - Carbon Electrodes Not For Furnaces - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Carbon Electrode Not for Furnaces in Nigeria - 2022
Contents:
- Price for Carbon Electrode Not for Furnaces in Nigeria (CIF) - 2022
- Price for Carbon Electrode Not for Furnaces in Nigeria (FOB) - 2022
- Imports of Carbon Electrode Not for Furnaces in Nigeria
- Exports of Carbon Electrode Not for Furnaces in Nigeria
Price for Carbon Electrode Not for Furnaces in Nigeria (CIF) - 2022
In 2022, the average import price for carbon electrodes not for furnaces amounted to $3,790 per ton, waning by -10.2% against the previous year. In general, the import price, however, showed a moderate expansion. The most prominent rate of growth was recorded in 2021 an increase of 123%. As a result, import price attained the peak level of $4,219 per ton, and then declined in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($10,824 per ton), while the price for China ($396 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Carbon Electrode Not for Furnaces in Nigeria (FOB) - 2022
The average export price for carbon electrodes not for furnaces stood at $1,072 per ton in 2022, waning by -1.9% against the previous year. In general, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2015 an increase of 278%. As a result, the export price reached the peak level of $7,837 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.
From 2012 to 2022, the rate of growth in terms of prices for Benin amounted to +37.9% per year.
Imports of Carbon Electrode Not for Furnaces in Nigeria
In 2022, carbon electrode not for furnaces imports into Nigeria soared to 25 tons, rising by 17% against the previous year. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 418%. As a result, imports reached the peak of 46 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, carbon electrode not for furnaces imports rose sharply to $96K in 2022. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 369%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Carbon Electrode Not for Furnaces in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 1.1 | 22.6 | 26.9 | 19.4 | 160.3% |
| Italy | 0.2 | 0.1 | 7.0 | 15.6 | 327.3% |
| South Africa | N/A | N/A | 4.8 | 6.8 | 41.7% |
| United Kingdom | 2.6 | 9.3 | 9.7 | 4.7 | 21.8% |
| China | 0.2 | 11.3 | 2.0 | 4.3 | 178.1% |
| South Korea | 3.0 | 4.5 | 5.4 | 3.3 | 3.2% |
| Others | 11.3 | 38.4 | 35.2 | 41.8 | 54.7% |
| Total | 18.4 | 86.3 | 90.9 | 95.9 | 73.4% |
Top Suppliers of Carbon Electrode Not for Furnaces to Nigeria in 2022:
- China (10.9 tons)
- South Korea (6.5 tons)
- Israel (1.9 tons)
- Italy (1.5 tons)
- United Kingdom (1.2 tons)
- South Africa (0.6 tons)
Exports of Carbon Electrode Not for Furnaces in Nigeria
In 2022, approx. 6.8 tons of carbon electrodes not for furnaces were exported from Nigeria; with an increase of 1.7% compared with 2021 figures. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 526%. As a result, the exports reached the peak of 6.9 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, carbon electrode not for furnaces exports dropped modestly to $7.3K in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 551% against the previous year.
| Export of Carbon Electrode Not for Furnaces in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 1.1 | 4.6 | 7.3 | 7.3 | 87.9% |
| Austria | N/A | 1.3 | N/A | N/A | 0% |
| Others | N/A | 1.3 | N/A | N/A | 0% |
| Total | 1.1 | 7.3 | 7.3 | 7.3 | 87.9% |
Top Export Markets for Carbon Electrode Not for Furnaces from Nigeria in 2022:
- Cote d'Ivoire (6.8 tons)
This report provides an in-depth analysis of the market for carbon electrode not for furnaces 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 27901350 - Carbon electrodes (excluding for furnaces)
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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In value terms, carbon blacks and other carbon forms exports totaled $X in 2016. Overall, it indicated a mild increase from 2007 to 2016: the total exports value increased at an average annual rate...
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