Price for Copper Alloy Tube or Pipe Fitting in Nigeria - 2023
Contents:
- Price for Copper Alloy Tube or Pipe Fitting in Nigeria (CIF) - 2022
- Price for Copper Alloy Tube or Pipe Fitting in Nigeria (FOB) - 2022
- Imports of Copper Alloy Tube or Pipe Fitting in Nigeria
- Exports of Copper Alloy Tube or Pipe Fitting in Nigeria
Price for Copper Alloy Tube or Pipe Fitting in Nigeria (CIF) - 2022
The average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $1,943 per ton in 2022, jumping by 65% against the previous year. Over the period under review, the import price, however, recorded a mild decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by 121%. Over the period under review, average import prices reached the maximum at $7,841 per ton in 2017; however, from 2018 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 the United States ($16,514 per ton), while the price for China ($842 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Alloy Tube or Pipe Fitting in Nigeria (FOB) - 2022
In 2022, the average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $1,078 per ton, declining by -88.8% against the previous year. Over the period under review, the export price recorded a abrupt slump. The pace of growth was the most pronounced in 2016 an increase of 820% against the previous year. Over the period under review, the average export prices hit record highs at $46,650 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($14,391 per ton), while the average price for exports to Togo ($501 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 Ghana (+11.6%), while the prices for the other major destinations experienced a decline.
Imports of Copper Alloy Tube or Pipe Fitting in Nigeria
In 2022, approx. 894 tons of tube or pipe fittings, couplings, elbows, sleeves of copper alloys were imported into Nigeria; rising by 110% compared with 2021. Over the period under review, imports showed 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 tube or pipe fittings, couplings, elbows, sleeves of copper alloys soared to $1.7M in 2022. In general, imports, however, saw a mild descent.
| Import of Copper Alloy Tube or Pipe Fitting in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 299 | 69.8 | 242 | 535 | 21.4% |
| United Kingdom | 77.3 | 45.4 | 31.9 | 479 | 83.7% |
| Germany | 173 | 289 | 141 | 169 | -0.8% |
| Belgium | 33.3 | 4.0 | 4.2 | 86.3 | 37.4% |
| Italy | 182 | 36.5 | 9.9 | 61.1 | -30.5% |
| Netherlands | 78.2 | 5.3 | N/A | 51.9 | -12.8% |
| United States | 160 | 53.8 | 12.0 | 34.9 | -39.8% |
| Turkey | 76.7 | 92.8 | 0.5 | 5.5 | -58.5% |
| Others | 758 | 213 | 60.1 | 314 | -25.5% |
| Total | 1,838 | 809 | 502 | 1,737 | -1.9% |
Top Suppliers of Copper Alloy Tube or Pipe Fitting to Nigeria in 2022:
- China (635.2 tons)
- United Kingdom (108.4 tons)
- Germany (44.0 tons)
- Italy (27.9 tons)
- Netherlands (16.6 tons)
- Belgium (15.6 tons)
- United States (2.1 tons)
- Turkey (1.7 tons)
Exports of Copper Alloy Tube or Pipe Fitting in Nigeria
In 2022, overseas shipments of tube or pipe fittings, couplings, elbows, sleeves of copper alloys increased by 703% to 1.5 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a precipitous shrinkage.
In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys shrank to $1.6K in 2022. Overall, exports, however, continue to indicate a sharp setback.
| Export of Copper Alloy Tube or Pipe Fitting in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Togo | N/A | N/A | N/A | 0.6 | 0% |
| Benin | 0.3 | 1.8 | 0.4 | 0.5 | 18.6% |
| Ghana | N/A | N/A | N/A | 0.3 | 0% |
| Cote d'Ivoire | 3.6 | 2.9 | 1.0 | N/A | -47.3% |
| Niger | 5.4 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | 0.3 | 0.2 | 41.4% |
| Total | 9.3 | 4.8 | 1.8 | 1.6 | -44.4% |
Top Export Markets for Copper Alloy Tube or Pipe Fitting from Nigeria in 2022:
- Togo (1184.0 kg)
- Benin (252.0 kg)
- Ghana (23.0 kg)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Nigeria.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
