Price for Metals; Silver, Unwrought, (But Not Powder) in Nigeria - 2022
Contents:
- Price for Metals; Silver, Unwrought, (But Not Powder) in Nigeria (FOB) - 2022
- Price for Metals; Silver, Unwrought, (But Not Powder) in Nigeria (CIF) - 2022
- Exports of Metals; Silver, Unwrought, (But Not Powder) in Nigeria
- Imports of Metals; Silver, Unwrought, (But Not Powder) in Nigeria
Price for Metals; Silver, Unwrought, (But Not Powder) in Nigeria (FOB) - 2022
In 2022, the average export price for metals; silver, unwrought, (but not powder) amounted to $432,689 per ton, shrinking by -3.9% against the previous year. In general, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by 26% against the previous year. The export price peaked at $937,764 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -6.9% per year.
Price for Metals; Silver, Unwrought, (But Not Powder) in Nigeria (CIF) - 2022
The average import price for metals; silver, unwrought, (but not powder) stood at $283,610 per ton in 2022, approximately equating the previous year. Over the period under review, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2016 a decrease of -3.1% against the previous year. Over the period under review, average import prices attained the peak figure at $659,918 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($901,462 per ton), while the price for Australia totaled $84,761 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by China (+42.9%).
Exports of Metals; Silver, Unwrought, (But Not Powder) in Nigeria
In 2022, approx. 148 kg of metals; silver, unwrought, (but not powder) were exported from Nigeria; flattening at the year before. Overall, exports showed a dramatic slump. The smallest decline of -1.3% was in 2021.
In value terms, exports of metals; silver, unwrought, (but not powder) reduced to $64K in 2022. Over the period under review, exports showed a sharp curtailment. The smallest decline of -5.1% was in 2021.
| Export of Metals; Silver, Unwrought, (But Not Powder) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 188 | 71.2 | 67.5 | 64.0 | -30.2% |
| United Kingdom | 1.5 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 189 | 71.2 | 67.5 | 64.0 | -30.3% |
Top Export Markets for Metals; Silver, Unwrought, (But Not Powder) from Nigeria in 2022:
- United Arab Emirates (148.0 kg)
Imports of Metals; Silver, Unwrought, (But Not Powder) in Nigeria
In 2022, imports of metals; silver, unwrought, (but not powder) into Nigeria amounted to 59 kg, therefore, remained relatively stable against the year before. In general, imports continue to indicate a precipitous contraction. The smallest decline of 99.9% was in 2021.
In value terms, imports of metals; silver, unwrought, (but not powder) amounted to $17K in 2022. Over the period under review, imports faced a precipitous descent. The smallest decline of 99.9% was in 2021.
| Import of Metals; Silver, Unwrought, (But Not Powder) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Germany | N/A | N/A | 11.7 | 0% | |
| Australia | N/A | N/A | 3.9 | 0% | |
| Turkey | 51.5 | N/A | N/A | 0% | |
| Others | N/A | N/A | 1.1 | 0% | |
| Total | 51.5 | N/A | 16.7 | -43.1% | |
Top Suppliers of Metals; Silver, Unwrought, (But Not Powder) to Nigeria in 2022:
- Australia (46.0 kg)
- Germany (13.0 kg)
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