Nigeria - Iron Or Steel Towers And Lattice Masts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Iron or Steel Towers in Nigeria - 2022
Contents:
- Price for Iron or Steel Towers in Nigeria (CIF) - 2022
- Price for Iron or Steel Towers in Nigeria (FOB) - 2022
- Imports of Iron or Steel Towers in Nigeria
- Exports of Iron or Steel Towers in Nigeria
Price for Iron or Steel Towers in Nigeria (CIF) - 2022
The average iron or steel towers import price stood at $2,227 per ton in June 2022, falling by -37.4% against the previous month. Overall, import price indicated modest growth from June 2021 to June 2022: its price increased at an average monthly rate of +1.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2022 figures, iron or steel towers import price decreased by -37.4% against May 2022 indices. The growth pace was the most rapid in May 2022 when the average import price increased by 36% against the previous month. As a result, import price reached the peak level of $3,556 per ton, and then reduced notably in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($3,329 per ton), while the price for India ($2,073 per ton) was amongst the lowest.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Steel Towers in Nigeria (FOB) - 2022
In 2022, the average iron or steel towers export price amounted to $1,074 per ton, rising by 44% against the previous year. Overall, the export price, however, continues to indicate a abrupt decrease. The growth pace was the most rapid in 2019 an increase of 55%. As a result, the export price attained the peak level of $3,111 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to +20.2% per year.
Imports of Iron or Steel Towers in Nigeria
Iron or steel towers imports into Nigeria expanded markedly to 20K tons in 2022, with an increase of 6.7% compared with the previous year's figure. Over the period under review, imports, however, showed a noticeable decline. The pace of growth appeared the most rapid in 2020 when imports increased by 49% against the previous year. As a result, imports attained the peak of 33K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, iron or steel towers imports skyrocketed to $53M in 2022. In general, total imports indicated a notable expansion from 2019 to 2022: its value increased at an average annual rate of +2.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -26.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 48%. As a result, imports attained the peak of $73M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Iron or Steel Towers in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.6 | 33.4 | 22.3 | 25.3 | 10.8% |
| India | 13.1 | 30.1 | 12.0 | 18.8 | 12.8% |
| Turkey | 16.3 | 1.2 | 4.0 | 7.1 | -24.2% |
| Others | 1.4 | 8.3 | 2.2 | 2.3 | 18.0% |
| Total | 49.4 | 73.0 | 40.6 | 53.4 | 2.6% |
Top Suppliers of Iron or Steel Towers to Nigeria in 2022:
- China (9.7K tons)
- India (7.8K tons)
- Turkey (2.3K tons)
Exports of Iron or Steel Towers in Nigeria
In 2022, exports of iron or steel towers and lattice masts from Nigeria skyrocketed to 64 tons, with an increase of 60% on the previous year. Over the period under review, exports, however, saw a relatively flat trend pattern.
In value terms, iron or steel towers exports skyrocketed to $69K in 2022. In general, exports, however, saw a sharp decline.
| Export of Iron or Steel Towers in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 1.4 | 101 | 29.8 | 68.5 | 265.8% |
| Benin | 173 | N/A | N/A | N/A | 0% |
| Others | 28.9 | 6.3 | N/A | N/A | -78.2% |
| Total | 203 | 107 | 29.8 | 68.5 | -30.4% |
Top Export Markets for Iron or Steel Towers from Nigeria in 2022:
- Niger (63.8 tons)
This report provides an in-depth analysis of the market for iron or steel towers in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25112200 - Iron or steel towers and lattice masts
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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