Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Nigeria - 2022
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Nigeria (CIF) - 2022
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Nigeria
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Nigeria (CIF) - 2022
The average import price for tungsten (wolfram); articles thereof, including waste and scrap, powderses stood at $23,916 per ton in 2022, dropping by -75.8% against the previous year. In general, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of 163%. The import price peaked at $276,261 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($24,813 per ton), while the price for the United Arab Emirates amounted to $316 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-10.9%).
Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Nigeria
In 2022, approx. 140 tons of tungsten (wolfram); articles thereof, including waste and scrap, powderses were imported into Nigeria; picking up by 581% on the previous year. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap, powderses soared to $3.4M in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 389%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.6 | 49.2 | 232 | 3,349 | 630.3% |
| United Arab Emirates | N/A | N/A | N/A | 1.6 | 0% |
| Turkey | 3.7 | 35.7 | 171 | N/A | 579.8% |
| Others | 78.9 | 362 | 1,629 | N/A | 354.4% |
| Total | 91.3 | 446 | 2,032 | 3,350 | 232.3% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders to Nigeria in 2022:
- China (135.0 tons)
- United Arab Emirates (5.1 tons)
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