Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Nigeria - 2022
Contents:
- Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Nigeria (CIF) - 2022
- Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Nigeria (FOB) - 2022
- Imports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Nigeria
- Exports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Nigeria
Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Nigeria (CIF) - 2022
The average import price for statuettes and other ornaments; of base metal plated with precious metals stood at $9,783 per ton in 2022, rising by 36% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price increased by 80%. The import price peaked at $19,897 per ton in 2018; however, from 2019 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 Germany ($46,883 per ton), while the price for the United Arab Emirates ($1,856 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+44.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Nigeria (FOB) - 2022
In 2022, the average export price for statuettes and other ornaments; of base metal plated with precious metals amounted to $10,992 per ton, falling by -44.3% against the previous year. Over the period under review, the export price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2018 an increase of 101%. The export price peaked at $69,000 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Botswana ($29,400 per ton), while the average price for exports to Benin ($1,690 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.0%).
Imports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Nigeria
In 2022, purchases abroad of statuettes and other ornaments; of base metal plated with precious metals decreased by -80.3% to 5.4 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 2,448%.
In value terms, imports of statuettes and other ornaments; of base metal plated with precious metals contracted remarkably to $53K in 2022. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 972%.
| Import of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 6.6 | 7.9 | 29.3 | 110.7% |
| Germany | 7.4 | 18.7 | 16.0 | 5.2 | -11.1% |
| India | N/A | 49.3 | 154 | 2.8 | -76.2% |
| United States | N/A | 3.5 | 2.4 | 2.7 | -12.2% |
| United Kingdom | 3.3 | N/A | 3.3 | 2.1 | -14.0% |
| South Africa | N/A | 2.5 | 0.8 | 2.0 | -10.6% |
| United Arab Emirates | N/A | N/A | N/A | 1.6 | 0% |
| Spain | N/A | 83.6 | 0.9 | N/A | -98.9% |
| Sweden | N/A | 14.3 | N/A | N/A | 0% |
| Turkey | N/A | N/A | 6.8 | N/A | 0% |
| Others | 6.6 | 7.0 | 6.2 | 7.3 | 3.4% |
| Total | 17.3 | 185 | 199 | 53.0 | 45.2% |
Top Suppliers of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal to Nigeria in 2022:
- China (3583.0 kg)
- United Arab Emirates (848.0 kg)
- India (359.0 kg)
- United Kingdom (212.0 kg)
- United States (112.0 kg)
- Germany (111.0 kg)
- South Africa (101.0 kg)
Exports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Nigeria
For the fourth consecutive year, Nigeria recorded growth in shipments abroad of statuettes and other ornaments; of base metal plated with precious metals, which increased by 176% to 265 kg in 2022. In general, exports recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 1,500%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of statuettes and other ornaments; of base metal plated with precious metals soared to $2.9K in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,057% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 2,264 | 0% |
| Netherlands | N/A | N/A | 196 | 343 | 75.0% |
| Botswana | N/A | N/A | N/A | 147 | 0% |
| South Africa | 35.0 | 12.0 | 267 | 81.0 | 32.3% |
| Benin | N/A | N/A | N/A | 49.0 | 0% |
| Kenya | N/A | N/A | N/A | 29.0 | 0% |
| Gabon | N/A | N/A | 712 | N/A | 0% |
| Others | N/A | 393 | 719 | N/A | 83.0% |
| Total | 35.0 | 405 | 1,894 | 2,913 | 336.6% |
Top Export Markets for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal from Nigeria in 2022:
- United Arab Emirates (196.0 kg)
- Benin (29.0 kg)
- Netherlands (18.0 kg)
- Kenya (10.0 kg)
- South Africa (7.0 kg)
- Botswana (5.0 kg)
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