Price for Copper; Washers, (Including Spring Washers), Not Threaded in Nigeria - 2022
Contents:
- Price for Copper; Washers, (Including Spring Washers), Not Threaded in Nigeria (CIF) - 2022
- Price for Copper; Washers, (Including Spring Washers), Not Threaded in Nigeria (FOB) - 2022
- Imports of Copper; Washers, (Including Spring Washers), Not Threaded in Nigeria
- Exports of Copper; Washers, (Including Spring Washers), Not Threaded in Nigeria
Price for Copper; Washers, (Including Spring Washers), Not Threaded in Nigeria (CIF) - 2022
In 2022, the average import price for copper; washers, (including spring washers), not threadeds amounted to $18,642 per ton, jumping by 84% against the previous year. Over the period under review, the import price saw a mild increase. Over the period under review, average import prices reached the maximum at $32,456 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($54,957 per ton), while the price for China ($6,857 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+69.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper; Washers, (Including Spring Washers), Not Threaded in Nigeria (FOB) - 2022
The average export price for copper; washers, (including spring washers), not threadeds stood at $24,200 per ton in 2022, increasing by 4.9% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 500%. Over the period under review, the average export prices attained the maximum at $30,000 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Angola.
From 2012 to 2022, the rate of growth in terms of prices for Benin amounted to +92.5% per year.
Imports of Copper; Washers, (Including Spring Washers), Not Threaded in Nigeria
In 2022, imports of copper; washers, (including spring washers), not threadeds into Nigeria skyrocketed to 2.5 tons, growing by 94% against the previous year's figure. Overall, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2020 when imports increased by 150%. As a result, imports attained the peak of 4.4 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of copper; washers, (including spring washers), not threadeds soared to $46K in 2022. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 256% against the previous year. As a result, imports reached the peak of $66K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Copper; Washers, (Including Spring Washers), Not Threaded in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.2 | 55.9 | 1.8 | 12.8 | 300.0% |
| Germany | 6.4 | 5.3 | 4.7 | 8.9 | 11.6% |
| United Kingdom | 1.5 | 0.1 | 0.5 | 7.7 | 72.5% |
| Belgium | N/A | 0.3 | 1.1 | 5.5 | 328.2% |
| Qatar | N/A | N/A | N/A | 3.4 | 0% |
| Switzerland | N/A | 0.6 | N/A | 2.1 | 87.1% |
| China | 0.3 | 1.4 | 3.9 | 1.0 | 49.4% |
| India | 0.8 | N/A | 0.4 | 0.8 | 0.0% |
| Italy | 5.0 | N/A | N/A | 0.3 | -60.9% |
| Netherlands | 2.3 | 0.2 | 0.1 | N/A | -79.1% |
| Others | 2.2 | 2.5 | 0.6 | 3.8 | 20.0% |
| Total | 18.6 | 66.3 | 13.0 | 46.3 | 35.5% |
Top Suppliers of Copper; Washers, (Including Spring Washers), Not Threaded to Nigeria in 2022:
- Germany (933.0 kg)
- Qatar (441.0 kg)
- United States (233.0 kg)
- Belgium (204.0 kg)
- United Kingdom (194.0 kg)
- Switzerland (169.0 kg)
- China (147.0 kg)
- Italy (43.0 kg)
- India (19.0 kg)
- Netherlands (1.0 kg)
Exports of Copper; Washers, (Including Spring Washers), Not Threaded in Nigeria
In 2022, shipments abroad of copper; washers, (including spring washers), not threadeds decreased by -61.5% to 5 kg, falling for the second consecutive year after two years of growth. In general, exports faced a dramatic decline. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. As a result, the exports attained the peak of 31 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of copper; washers, (including spring washers), not threadeds shrank dramatically to $121 in 2022. Over the period under review, exports recorded a sharp reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 61%. As a result, the exports attained the peak of $655. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Copper; Washers, (Including Spring Washers), Not Threaded in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Angola | N/A | N/A | N/A | 121 | 0% |
| Cote d'Ivoire | 406 | 655 | 297 | N/A | -14.5% |
| Canada | N/A | N/A | 3.0 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 406 | 655 | 300 | 121 | -33.2% |
Top Export Markets for Copper; Washers, (Including Spring Washers), Not Threaded from Nigeria in 2022:
- Angola (5.0 kg)
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