Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Nigeria - 2023
Contents:
- Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Nigeria (CIF) - 2022
- Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Nigeria (FOB) - 2022
- Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Nigeria
- Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Nigeria
Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Nigeria (CIF) - 2022
The average import price for tubing; flexible, with or without fittings, of base metals stood at $8,351 per ton in 2022, picking up by 82% against the previous year. Overall, the import price continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2020 an increase of 153%. As a result, import price reached the peak level of $29,926 per ton. From 2021 to 2022, the average import prices remained 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 Norway ($117,779 per ton), while the price for China ($1,405 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+42.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Nigeria (FOB) - 2022
The average export price for tubing; flexible, with or without fittings, of base metals stood at $1,666 per ton in 2022, reducing by -87% against the previous year. Over the period under review, the export price saw a abrupt downturn. The pace of growth was the most pronounced in 2018 an increase of 322% against the previous year. Over the period under review, the average export prices attained the peak figure at $12,804 per ton in 2021, and then dropped rapidly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($30,303 per ton), while the average price for exports to Senegal amounted to $528 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+75.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Nigeria
In 2022, approx. 1K tons of tubing; flexible, with or without fittings, of base metals were imported into Nigeria; growing by 1.9% against the previous year. Overall, imports, however, saw a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 96%.
In value terms, imports of tubing; flexible, with or without fittings, of base metals soared to $8.8M in 2022. In general, imports, however, recorded a abrupt setback.
| Import of Tubing; Flexible, with or Without Fittings, of Base Metal in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | N/A | 12.9 | 0.1 | 2.5 | -56.0% |
| France | 0.1 | N/A | 1.0 | 2.0 | 171.4% |
| Spain | N/A | 0.1 | 0.2 | 1.4 | 274.2% |
| India | N/A | 0.1 | 0.4 | 1.1 | 231.7% |
| Germany | N/A | 0.2 | 0.1 | 0.4 | 41.4% |
| United States | 11.1 | 1.0 | 1.3 | 0.3 | -70.0% |
| United Arab Emirates | N/A | N/A | N/A | 0.3 | 0% |
| China | 0.2 | 0.4 | 1.1 | 0.1 | -20.6% |
| Indonesia | 0.7 | N/A | N/A | N/A | 0% |
| Others | 3.0 | 1.0 | 0.6 | 0.6 | -41.5% |
| Total | 15.2 | 15.7 | 4.7 | 8.8 | -16.7% |
Top Suppliers of Tubing; Flexible, with or Without Fittings, of Base Metal to Nigeria in 2022:
- Spain (409.2 tons)
- India (175.7 tons)
- United Arab Emirates (160.4 tons)
- China (94.1 tons)
- France (80.9 tons)
- Germany (39.7 tons)
- Denmark (30.5 tons)
- United States (20.8 tons)
Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Nigeria
In 2022, exports of tubing; flexible, with or without fittings, of base metals from Nigeria soared to 5.5 tons, jumping by 878% compared with the year before. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of tubing; flexible, with or without fittings, of base metals skyrocketed to $9.1K in 2022. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 122%. As a result, the exports reached the peak of $16K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Tubing; Flexible, with or Without Fittings, of Base Metal in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Senegal | N/A | N/A | 0.1 | 2.8 | 2700.0% |
| Israel | N/A | 8.0 | N/A | 1.0 | -64.6% |
| Angola | N/A | 0.4 | 0.5 | 0.5 | 11.8% |
| Cote d'Ivoire | 6.6 | 7.3 | 2.1 | N/A | -43.6% |
| Niger | 0.3 | N/A | 0.1 | N/A | -42.3% |
| Others | 0.2 | 0.3 | 4.3 | 4.8 | 188.4% |
| Total | 7.2 | 16.0 | 7.2 | 9.1 | 8.1% |
Top Export Markets for Tubing; Flexible, with or Without Fittings, of Base Metal from Nigeria in 2022:
- Senegal (5.3 tons)
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This report provides an in-depth analysis of the global metal flexible tubing market.
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This report provides an in-depth analysis of the market for base metal flexible tubing in Nigeria.
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This report provides an in-depth analysis of the metal flexible tubing market in Nigeria.
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This report provides an in-depth analysis of the global market for base metal flexible tubing.
405
This report provides an in-depth analysis of the global metal flexible tubing market.
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