Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Nigeria - 2022
Contents:
- Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Nigeria (CIF) - 2022
- Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Nigeria
Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Nigeria (CIF) - 2022
The average import price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $0.1 per unit in 2022, shrinking by -24% against the previous year. Over the period under review, the import price showed a perceptible descent. The growth pace was the most rapid in 2014 an increase of 36% against the previous year. As a result, import price reached the peak level of $0.1 per unit. From 2015 to 2022, the average 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 Netherlands ($4.3 per unit), while the price for China ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+94.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Nigeria
Imports of millstones, grindstones, grinding wheels and the like; of natural stones into Nigeria skyrocketed to 16M units in 2022, with an increase of 332% against 2021 figures. Over the period under review, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones skyrocketed to $851K in 2022. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 91.9 | 174 | 136 | 704 | 97.1% |
| South Africa | N/A | N/A | N/A | 119 | 0% |
| Others | 74.2 | 59.2 | 123 | 27.8 | -27.9% |
| Total | 166 | 233 | 259 | 851 | 72.4% |
Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Nigeria in 2022:
- China (13.9M units)
- South Africa (1.6M units)
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