Price for Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Nigeria - 2023
Contents:
- Price for Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Nigeria (CIF) - 2022
- Price for Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Nigeria (FOB) - 2022
- Imports of Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Nigeria
- Exports of Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Nigeria
Price for Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Nigeria (CIF) - 2022
The average import price for knives with cutting blades, serrated or not (including pruning knives)s stood at $7.4 per unit in 2022, falling by -11.7% against the previous year. Over the period under review, the import price, however, posted measured growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 333%. Over the period under review, average import prices hit record highs at $11 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Italy ($49 per unit), while the price for France ($0.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+29.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Nigeria (FOB) - 2022
The average export price for knives with cutting blades, serrated or not (including pruning knives)s stood at $50 per unit in 2022, rising by 2,145% against the previous year. In general, the export price posted a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($235 per unit), while the average price for exports to South Africa stood at $13 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Gambia (+50.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Nigeria
In 2022, purchases abroad of knives with cutting blades, serrated or not (including pruning knives)s decreased by -95% to 539 units, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a significant decline. The pace of growth appeared the most rapid in 2020 when imports increased by 859%. As a result, imports attained the peak of 30K units. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of knives with cutting blades, serrated or not (including pruning knives)s reduced remarkably to $4K in 2022. In general, imports faced a sharp descent. The most prominent rate of growth was recorded in 2020 with an increase of 553% against the previous year. As a result, imports reached the peak of $121K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.2 | 1.0 | 0.5 | 1.5 | 95.7% |
| China | 12.6 | 117 | 69.9 | 1.1 | -55.6% |
| Italy | N/A | N/A | N/A | 0.9 | 0% |
| Germany | 4.6 | N/A | N/A | 0.3 | -59.7% |
| France | N/A | N/A | N/A | 0.1 | 0% |
| United Kingdom | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Hong Kong SAR | N/A | 2.5 | N/A | N/A | 0% |
| South Africa | 0.7 | 0.5 | N/A | N/A | -28.6% |
| Turkey | N/A | N/A | 19.1 | N/A | 0% |
| Others | 0.4 | N/A | 0.3 | N/A | -13.4% |
| Total | 18.5 | 121 | 89.9 | 4.0 | -40.0% |
Top Suppliers of Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) to Nigeria in 2022:
- China (215.0 units)
- France (185.0 units)
- United States (91.0 units)
- Italy (19.0 units)
- Germany (19.0 units)
- United Kingdom (10.0 units)
Exports of Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Nigeria
In 2022, overseas shipments of knives with cutting blades, serrated or not (including pruning knives)s decreased by -81.2% to 30 units, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 when exports increased by 1,634% against the previous year. As a result, the exports reached the peak of 607 units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of knives with cutting blades, serrated or not (including pruning knives)s skyrocketed to $1.5K in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 2,335% against the previous year. As a result, the exports reached the peak of $1.6K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | N/A | N/A | N/A | 1,175 | 0% |
| South Africa | N/A | 352 | N/A | 315 | -5.4% |
| Benin | N/A | N/A | 36.0 | N/A | 0% |
| Cameroon | N/A | 464 | N/A | N/A | 0% |
| Gambia | N/A | 791 | 300 | N/A | -62.1% |
| Sao Tome and Principe | 55.0 | N/A | N/A | N/A | 0% |
| Others | 11.0 | N/A | 18.0 | N/A | 27.9% |
| Total | 66.0 | 1,607 | 354 | 1,490 | 182.6% |
Top Export Markets for Knives with Cutting Blades, Serrated or Not (Including Pruning Knives) from Nigeria in 2022:
- South Africa (25.0 units)
- Taiwan (Chinese) (5.0 units)
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