Price for Nickel; Wire, Not Alloyed in Nigeria - 2022
Contents:
- Price for Nickel; Wire, Not Alloyed in Nigeria (CIF) - 2022
- Imports of Nickel; Wire, Not Alloyed in Nigeria
Price for Nickel; Wire, Not Alloyed in Nigeria (CIF) - 2022
The average nickel; wire, not alloyed import price stood at $22,761 per ton in 2022, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 21%. Over the period under review, average import prices reached the peak figure at $27,081 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.8% per year.
Imports of Nickel; Wire, Not Alloyed in Nigeria
For the fourth year in a row, Nigeria recorded growth in supplies from abroad of nickel; wire, not alloyeds, which increased by 11% to 2 tons in 2022. The total import volume increased at an average annual rate of +11.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 11%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, nickel; wire, not alloyed imports rose notably to $46K in 2022. The total import value increased at an average annual rate of +10.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 10% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Nickel; Wire, Not Alloyed in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.0 | 34.8 | 41.5 | 45.8 | 45.1% |
| Singapore | N/A | 2.8 | N/A | N/A | 0% |
| United States | 15.1 | N/A | N/A | N/A | 0% |
| Others | 4.0 | N/A | N/A | N/A | 0% |
| Total | 34.1 | 37.6 | 41.5 | 45.8 | 10.3% |
Top Suppliers of Nickel; Wire, Not Alloyed to Nigeria in 2022:
- China (2.0 tons)
345
This report provides an in-depth analysis of the market for nickel and nickel alloy bar in Nigeria.
591
Global Market for Nickel And Nickel Alloy Bar. This report provides an in-depth analysis of the global market for nickel and nickel alloy bar.
1539
In value terms, nickel powders and flakes imports amounted to $X in 2016. In general, nickel powders and flakes imports continue to indicate a drastic shrinkage. Global nickel powders and flakes im...
1646
In value terms, nickel bars, rods, profiles and wire imports totaled $X in 2016. Overall, nickel bars, rods, profiles and wire imports continue to indicate a drastic decrease. Global nickel bars, rod...
849
In value terms, nickel powders and flakes exports amounted to $X in 2016. Overall, nickel powders and flakes exports continue to indicate a drastic curtailment. Over the period under review, global...
615
In value terms, nickel bars, rods, profiles and wire exports amounted to $X in 2016. In general, nickel bars, rods, profiles and wire exports continue to indicate a deep decrease. Over the period u...
