Price for Steel, Alloy; Angles, Shapes and Sections in Nigeria - 2023
Contents:
- Price for Steel, Alloy; Angles, Shapes and Sections in Nigeria (CIF) - 2022
- Imports of Steel, Alloy; Angles, Shapes and Sections in Nigeria
Price for Steel, Alloy; Angles, Shapes and Sections in Nigeria (CIF) - 2022
The average import price for steel, alloy; angles, shapes and sectionses stood at $2,921 per ton in 2022, shrinking by -65.6% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 372% against the previous year. As a result, import price attained the peak level of $8,494 per ton, and then fell remarkably in the following year.
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 United States ($5,284 per ton), while the price for China ($1,150 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Steel, Alloy; Angles, Shapes and Sections in Nigeria
In 2022, supplies from abroad of steel, alloy; angles, shapes and sectionses decreased by -20.3% to 114 tons, falling for the second year in a row after two years of growth. In general, imports faced a dramatic slump. The pace of growth appeared the most rapid in 2020 with an increase of 22% against the previous year. As a result, imports attained the peak of 802 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of steel, alloy; angles, shapes and sectionses rose to $323K in 2022. Overall, imports continue to indicate a precipitous setback. The growth pace was the most rapid in 2020 when imports increased by 34% against the previous year. As a result, imports reached the peak of $1.4M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Steel, Alloy; Angles, Shapes and Sections in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 383 | 489 | 148 | 245 | -13.8% |
| China | 533 | 771 | 110 | 33.9 | -60.1% |
| United States | 8.8 | 5.7 | 38.6 | 22.1 | 35.9% |
| South Africa | 8.3 | 14.3 | 4.3 | 7.2 | -4.6% |
| India | 2.8 | 18.4 | 1.3 | 2.5 | -3.7% |
| Canada | 90.5 | 97.2 | N/A | N/A | 7.4% |
| Others | 51.1 | 48.6 | 9.3 | 12.7 | -37.1% |
| Total | 1,077 | 1,444 | 312 | 323 | -33.1% |
Top Suppliers of Steel, Alloy; Angles, Shapes and Sections to Nigeria in 2022:
- Israel (73.8 tons)
- China (29.4 tons)
- United States (4.2 tons)
- South Africa (2.9 tons)
- India (1.9 tons)
609
This report provides an in-depth analysis of the stainless steel angle market in Nigeria.
492
This report provides an in-depth analysis of the hollow drill bar market in Nigeria.
382
This report provides an in-depth analysis of the market for hot-rolled bearing steel bar in Nigeria.
307
This report provides an in-depth analysis of the market for hot-rolled tool steel bar in Nigeria.
422
This report provides an in-depth analysis of the market for hot-rolled high speed steel bar in Nigeria.
342
This report provides an in-depth analysis of the market for hot-rolled silico-manganese steel bar in Nigeria.
999
This report provides an in-depth analysis of the market for hot-rolled steel bar and rod in Nigeria.
1398
This report provides an in-depth analysis of the global stainless steel angle market.
580
This report provides an in-depth analysis of the global hollow drill bar market.
713
This report provides an in-depth analysis of the global market for hot-rolled bearing steel bar.
1436
Global stainless steel angle imports totaled X tons in 2016, waning by -X% against the previous year level. In general, stainless steel angle imports continue to indicate a moderate decline. Th...
968
Global stainless steel angle imports totaled X tons in 2016, waning by -X% against the previous year level. In general, stainless steel angle imports continue to indicate a moderate decline. Th...
1127
Despite a slight drop in exports, India continued its dominance in the global trade of stainless steel angles, shapes and sections. In 2014, India exported X thousand tons of stainless steel angles, shapes and sections totaling X million USD, X%
148
Explore the top import markets for Hot-Rolled Bearing Steel Bar and discover the leading countries driving the global demand for this essential steel product.
157
Explore the top import markets for hot-rolled steel bar and rod based on data from IndexBox. Find out which countries lead the global import market for these essential materials.
1474
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
4353
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
1174
China dominates in the global bars and rods of iron or steel trade. In 2014, China exported X thousand tons of bars and rods of iron or steel totaling X million USD, X% over the previous year. Its primary trading partner was the Republic o
148
Explore the top import markets for Hot-Rolled Bearing Steel Bar and discover the leading countries driving the global demand for this essential steel product.
