Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Nigeria - 2023
Contents:
- Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Nigeria (CIF) - 2022
- Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Nigeria (FOB) - 2022
- Imports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Nigeria
- Exports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Nigeria
Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Nigeria (CIF) - 2022
The average import price for clasps and frames with clasps stood at $3,224 per ton in 2022, surging by 16% against the previous year. In general, the import price, however, recorded a slight decrease. The pace of growth appeared the most rapid in 2018 when the average import price increased by 215% against the previous year. As a result, import price attained the peak level of $12,856 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($30,790 per ton), while the price for Turkey ($924 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+35.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Nigeria (FOB) - 2022
In 2021, the average export price for clasps and frames with clasps amounted to $882 per ton, declining by -85.3% against the previous year. Overall, the export price faced a abrupt descent. The pace of growth appeared the most rapid in 2020 an increase of 202% against the previous year. The export price peaked at $9,694 per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Ghana.
From 2012 to 2021, the rate of growth in terms of prices for Cameroon amounted to +57.5% per year.
Imports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Nigeria
In 2022, imports of clasps and frames with clasps into Nigeria soared to 91 tons, with an increase of 1,100% on 2021 figures. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of clasps and frames with clasps surged to $294K in 2022. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | N/A | N/A | 166 | 0% |
| France | N/A | 0.2 | 0.1 | 86.3 | 1977.3% |
| China | 11.7 | 21.1 | 7.6 | 33.9 | 42.6% |
| Turkey | 0.2 | N/A | N/A | 1.7 | 104.1% |
| Others | 20.6 | 18.0 | 13.3 | 5.5 | -35.6% |
| Total | 32.5 | 39.2 | 21.1 | 294 | 108.4% |
Top Suppliers of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal to Nigeria in 2022:
- South Korea (41.3 tons)
- China (34.7 tons)
- France (13.0 tons)
- Turkey (1.8 tons)
Exports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Nigeria
In 2021, approx. 127 kg of clasps and frames with clasps were exported from Nigeria; with an increase of 12,600% on the previous year's figure. In general, exports, however, continue to indicate a dramatic shrinkage.
In value terms, exports of clasps and frames with clasps skyrocketed to $112 in 2021. Over the period under review, exports, however, continue to indicate a dramatic contraction.
| Export of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Ghana | 302 | N/A | 112 | -39.1% | |
| Benin | 68.0 | N/A | N/A | 0% | |
| Sao Tome and Principe | 658 | N/A | N/A | 0% | |
| Others | 30.0 | 6.0 | N/A | -80.0% | |
| Total | 1,058 | 6.0 | 112 | -67.5% | |
Top Export Markets for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal from Nigeria in 2022:
- Ghana (127.0 kg)
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