Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Nigeria - 2022
Contents:
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Nigeria (CIF) - 2022
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Nigeria (FOB) - 2022
- Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Nigeria
- Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Nigeria
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Nigeria (CIF) - 2022
In 2022, the average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $13,778 per ton, with an increase of 228% against the previous year. Over the period under review, the import price enjoyed a perceptible increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +41.0% per year.
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Nigeria (FOB) - 2022
The average export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $1,426 per ton in 2021, almost unchanged from the previous year. Overall, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 118% against the previous year. As a result, the export price reached the peak level of $3,676 per ton. From 2019 to 2021, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2014 to 2021, the rate of growth in terms of prices for Niger amounted to -4.1% per year.
Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Nigeria
In 2022, supplies from abroad of steel, stainless; semi-finished products, other than of rectangular cross-sectia decreased by -99.4% to 18 kg, falling for the second year in a row after two years of growth. Overall, imports saw a sharp decrease. The growth pace was the most rapid in 2020 when imports increased by 1,175%. As a result, imports reached the peak of 49 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia reduced dramatically to $248 in 2022. Over the period under review, imports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 727% against the previous year. As a result, imports reached the peak of $190K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.2 | 0.4 | N/A | 0.2 | 0.0% |
| Belgium | 1.9 | 6.2 | 0.5 | N/A | -48.7% |
| China | 4.5 | 122 | 6.7 | N/A | 22.0% |
| United States | 11.3 | 42.1 | 3.4 | N/A | -45.1% |
| Others | 5.1 | 19.8 | 1.8 | N/A | -40.6% |
| Total | 23.0 | 190 | 12.4 | 0.2 | -79.4% |
Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to Nigeria in 2022:
- United Kingdom (18.0 kg)
Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Nigeria
In 2021, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia from Nigeria was estimated at 1 tons, standing approx. at the year before. Over the period under review, exports continue to indicate a significant contraction. The smallest decline of 99.9% was in 2020.
In value terms, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $1.5K in 2021. Overall, exports faced a dramatic contraction. The smallest decline of 99.9% was in 2020.
| Export of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Niger | N/A | N/A | 1.5 | 0% | |
| Cote d'Ivoire | 4.0 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 4.0 | N/A | 1.5 | -38.8% | |
Top Export Markets for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section from Nigeria in 2022:
- Niger (1.0 tons)
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