Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Nigeria - 2023

Contents:

1. Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Nigeria (CIF) - 2022
2. Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Nigeria (FOB) - 2022
3. Imports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Nigeria
4. Exports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Nigeria

Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Nigeria (CIF) - 2022

The average import price for granules and powders, of pig iron, spiegeleisen, iron or steels stood at $1,815 per ton in 2022, picking up by 73% against the previous year. Overall, the import price continues to indicate strong growth. The growth pace was the most rapid in 2020 an increase of 164%. The import price peaked at $2,049 per ton in 2018; however, from 2019 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 Germany ($3,001 per ton), while the price for India ($1,160 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+36.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Nigeria (FOB) - 2022

The average export price for granules and powders, of pig iron, spiegeleisen, iron or steels stood at $3,667 per ton in 2022, falling by -87.1% against the previous year. Over the period under review, the export price, however, enjoyed a measured expansion. The most prominent rate of growth was recorded in 2021 an increase of 3,444%. As a result, the export price reached the peak level of $28,400 per ton, and then declined markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($8,000 per ton), while the average price for exports to South Africa amounted to $1,500 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+51.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Nigeria

In 2022, approx. 58 tons of granules and powders, of pig iron, spiegeleisen, iron or steels were imported into Nigeria; with a decrease of -73.5% compared with the previous year. Overall, imports saw a significant decline. The pace of growth appeared the most rapid in 2021 with an increase of 101% against the previous year.

In value terms, imports of granules and powders, of pig iron, spiegeleisen, iron or steels declined rapidly to $106K in 2022. Over the period under review, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 81%. As a result, imports reached the peak of $232K, and then contracted remarkably in the following year.

Top Suppliers of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel to Nigeria in 2022:

1. France (36.6 tons)
2. Germany (9.6 tons)
3. South Africa (7.3 tons)
4. India (4.5 tons)
5. China (0.1 tons)

Exports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Nigeria

In 2022, overseas shipments of granules and powders, of pig iron, spiegeleisen, iron or steels decreased by -85% to 3 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a significant decline. The pace of growth appeared the most rapid in 2020 when exports increased by 781%. As a result, the exports attained the peak of 282 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of granules and powders, of pig iron, spiegeleisen, iron or steels shrank dramatically to $11 in 2022. In general, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 151%. As a result, the exports reached the peak of $568, and then dropped dramatically in the following year.

Top Export Markets for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel from Nigeria in 2022:

1. South Africa (2.0 kg)
2. Ireland (1.0 kg)