Price for Copper Plates, Sheets and Strip in Nigeria - 2022
Contents:
- Price for Copper Plates, Sheets and Strip in Nigeria (CIF) - 2022
- Price for Copper Plates, Sheets and Strip in Nigeria (FOB) - 2022
- Imports of Copper Plates, Sheets and Strip in Nigeria
- Exports of Copper Plates, Sheets and Strip in Nigeria
Price for Copper Plates, Sheets and Strip in Nigeria (CIF) - 2022
In 2022, the average import price for copper plates, sheets and strips amounted to $9,808 per ton, picking up by 16% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 32%. Over the period under review, average import prices reached the peak figure at $10,083 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($41,396 per ton), while the price for Sweden ($1,405 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+29.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Plates, Sheets and Strip in Nigeria (FOB) - 2022
The average export price for copper plates, sheets and strips stood at $2,124 per ton in 2022, falling by -11.1% against the previous year. Overall, the export price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2015 an increase of 36%. Over the period under review, the average export prices hit record highs at $7,596 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Benin ($17,900 per ton), while the average price for exports to Niger ($1,153 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 (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Plates, Sheets and Strip in Nigeria
In 2022, the amount of copper plates, sheets and strips imported into Nigeria declined significantly to 307 tons, dropping by -22.3% against 2021. Over the period under review, imports saw a dramatic downturn. The smallest decline of -4.8% was in 2021.
In value terms, copper plates, sheets and strip imports dropped to $3M in 2022. In general, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2021 with an increase of 26%.
| Import of Copper Plates, Sheets and Strip in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1,246 | 531 | 588 | 570 | -22.9% |
| China | 350 | 766 | 778 | 563 | 17.2% |
| United Kingdom | 205 | 255 | 165 | 548 | 38.8% |
| Egypt | 1,054 | 732 | 743 | 496 | -22.2% |
| Turkey | 54.2 | 18.2 | 3.9 | 264 | 69.5% |
| Sweden | 2.7 | 0.5 | 46.6 | 69.2 | 194.8% |
| South Africa | 38.1 | 9.4 | 15.6 | 14.9 | -26.9% |
| Switzerland | 0.7 | 0.1 | 34.0 | 14.5 | 174.6% |
| Others | 1,845 | 353 | 980 | 471 | -36.6% |
| Total | 4,795 | 2,666 | 3,354 | 3,010 | -14.4% |
Top Suppliers of Copper Plates, Sheets and Strip to Nigeria in 2022:
- China (171.7 tons)
- Sweden (49.2 tons)
- Egypt (20.2 tons)
- Malaysia (19.3 tons)
- United Kingdom (13.6 tons)
- Turkey (6.4 tons)
- Switzerland (5.9 tons)
- South Africa (5.4 tons)
Exports of Copper Plates, Sheets and Strip in Nigeria
Copper plates, sheets and strip exports from Nigeria reduced to 338 kg in 2022, which is down by -10.3% against 2021 figures. In general, exports showed a sharp curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 27%.
In value terms, copper plates, sheets and strip exports shrank significantly to $718 in 2022. Over the period under review, exports showed a sharp decline. The pace of growth was the most pronounced in 2021 when exports increased by 68%.
| Export of Copper Plates, Sheets and Strip in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 570 | 135 | 133 | 309 | -18.5% |
| Benin | 1,556 | 262 | 355 | 179 | -51.4% |
| Cameroon | 229 | 94.0 | 313 | 162 | -10.9% |
| Ghana | 53.0 | 24.0 | 88.0 | 50.0 | -1.9% |
| Uganda | 162 | 18.0 | N/A | N/A | -88.9% |
| Others | 9.0 | 4.0 | 12.0 | 18.0 | 26.0% |
| Total | 2,579 | 537 | 901 | 718 | -34.7% |
Top Export Markets for Copper Plates, Sheets and Strip from Nigeria in 2022:
- Niger (268.0 kg)
- Cameroon (50.0 kg)
- Benin (10.0 kg)
- Ghana (7.0 kg)
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This report provides an in-depth analysis of the market for copper bars, wire and plates in Nigeria.
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This report provides an in-depth analysis of the global market for copper bars, wire and plates.
