Price for Copper Oxides and Hydroxides in Nigeria - 2022
Contents:
- Price for Copper Oxides and Hydroxides in Nigeria (CIF) - 2022
- Imports of Copper Oxides and Hydroxides in Nigeria
Price for Copper Oxides and Hydroxides in Nigeria (CIF) - 2022
The average copper oxides and hydroxides import price stood at $7,402 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 82%. Over the period under review, average import prices reached the maximum at $11,918 per ton in 2012; however, from 2013 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 India ($8,994 per ton), while the price for China ($794 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.0%), while the prices for the other major suppliers experienced a decline.
Imports of Copper Oxides and Hydroxides in Nigeria
In 2022, after three years of growth, there was decline in supplies from abroad of copper oxides and hydroxideses, when their volume decreased by -2.4% to 6.1 tons. The total import volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 3.1% against the previous year. As a result, imports reached the peak of 6.3 tons, and then shrank modestly in the following year.
In value terms, copper oxides and hydroxides imports reduced slightly to $45K in 2022. The total import value increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 3.6%. As a result, imports reached the peak of $46K, and then shrank in the following year.
| Import of Copper Oxides and Hydroxides in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 22.8 | 39.9 | 34.0 | 36.2 | 16.7% |
| United Kingdom | 8.8 | 3.5 | 2.5 | 8.0 | -3.1% |
| United States | 2.0 | 0.9 | 0.9 | 0.9 | -23.4% |
| China | 0.5 | 0.2 | 0.1 | 0.1 | -41.5% |
| Norway | N/A | N/A | 8.2 | N/A | 0% |
| Others | 8.9 | 0.1 | 0.6 | 0.1 | -77.6% |
| Total | 43.0 | 44.6 | 46.2 | 45.4 | 1.8% |
Top Suppliers of Copper Oxides and Hydroxides to Nigeria in 2022:
- India (4.0 tons)
- United Kingdom (1.8 tons)
- United States (0.2 tons)
- China (0.2 tons)
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