Price for Nickel; Tubes and Pipes, of Nickel Alloys in Nigeria - 2023
Contents:
- Price for Nickel; Tubes and Pipes, of Nickel Alloys in Nigeria (CIF) - 2022
- Imports of Nickel; Tubes and Pipes, of Nickel Alloys in Nigeria
Price for Nickel; Tubes and Pipes, of Nickel Alloys in Nigeria (CIF) - 2022
The average import price for nickel; tubes and pipes, of nickel alloyses stood at $22,707 per ton in 2022, with an increase of 25% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 69% against the previous year. The import price peaked at $51,663 per ton in 2018; however, from 2019 to 2022, 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 Italy ($116,720 per ton), while the price for India ($14,834 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+48.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Nickel; Tubes and Pipes, of Nickel Alloys in Nigeria
In 2022, overseas purchases of nickel; tubes and pipes, of nickel alloyses decreased by -70.9% to 1.5 tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2020 when imports increased by 995%. As a result, imports reached the peak of 29 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of nickel; tubes and pipes, of nickel alloyses contracted markedly to $35K in 2022. Over the period under review, imports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 1,014%. As a result, imports attained the peak of $1.1M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Nickel; Tubes and Pipes, of Nickel Alloys in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 82.3 | 1,045 | 29.1 | 23.4 | -34.2% |
| India | 2.4 | 1.8 | 65.5 | 6.6 | 40.1% |
| Italy | N/A | 8.5 | N/A | 2.9 | -41.6% |
| Germany | N/A | N/A | N/A | 1.6 | 0% |
| Others | 14.5 | 51.0 | N/A | N/A | 251.7% |
| Total | 99.3 | 1,106 | 94.7 | 34.5 | -29.7% |
Top Suppliers of Nickel; Tubes and Pipes, of Nickel Alloys to Nigeria in 2022:
- United States (1024.0 kg)
- India (445.0 kg)
- Germany (27.0 kg)
- Italy (25.0 kg)
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This report provides an in-depth analysis of the market for nickel pipes and fittings in Nigeria.
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Global Nickel Pipes And Fittings Market Report 2018. This report provides an in-depth analysis of the global market for nickel pipes and fittings.
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