Nigeria - Safety Or Relief Valves For Pipes, Boiler Shells, Tanks And Vats - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSafety Valve Price in Nigeria - 2022
Contents:
- Safety Valve Price in Nigeria (CIF) - 2022
- Safety Valve Price in Nigeria (FOB) - 2022
- Safety Valve Imports in Nigeria
- Safety Valve Exports in Nigeria
Safety Valve Price in Nigeria (CIF) - 2022
The average safety valve import price stood at $23,146 per ton in 2022, picking up by 215% against the previous year. In general, the import price saw moderate growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 394% against the previous year. The import price peaked at $44,693 per ton in 2016; however, from 2017 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 Singapore ($43,162 per ton), while the price for Malaysia ($12,690 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Safety Valve Price in Nigeria (FOB) - 2022
The average safety valve export price stood at $51,279 per ton in 2022, which is down by -6.1% against the previous year. Overall, the export price, however, posted a prominent expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 87% against the previous year. The export price peaked at $54,586 per ton in 2021, and then declined in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($350,916 per ton), while the average price for exports to the United Arab Emirates ($26,115 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 United States (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.
Safety Valve Imports in Nigeria
Safety valve imports into Nigeria soared to 8.2K tons in 2022, jumping by 21% on the previous year. In general, imports enjoyed prominent growth. The growth pace was the most rapid in 2020 when imports increased by 163%. As a result, imports attained the peak of 13K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, safety valve imports soared to $191M in 2022. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Safety Valve in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.2 | 0.2 | 14.9 | 97.6 | 687.3% |
| United States | 7.9 | 6.8 | 2.8 | 27.3 | 51.2% |
| Singapore | 3.4 | 3.2 | 0.6 | 15.4 | 65.5% |
| India | 0.4 | 1.0 | 1.3 | 11.1 | 202.8% |
| China | 4.1 | 9.9 | 13.4 | 10.2 | 35.5% |
| France | 1.3 | 5.9 | 9.6 | 5.6 | 62.7% |
| Malaysia | 0.1 | 0.7 | 0.2 | 2.0 | 171.4% |
| Italy | 1.1 | 1.9 | 0.9 | 1.5 | 10.9% |
| Others | 4.4 | 8.1 | 6.3 | 19.9 | 65.4% |
| Total | 22.8 | 37.7 | 50.0 | 191 | 103.1% |
Top Suppliers of Safety Valve to Nigeria in 2022:
- United Arab Emirates (4392.8 tons)
- United States (1194.6 tons)
- India (875.0 tons)
- China (469.1 tons)
- Singapore (356.4 tons)
- Malaysia (158.3 tons)
- France (130.9 tons)
- Italy (63.4 tons)
Safety Valve Exports in Nigeria
In 2022, overseas shipments of safety or relief valves for pipes, boiler shells, tanks and vats increased by 40% to 624 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a dramatic slump.
In value terms, safety valve exports soared to $32K in 2022. Overall, exports, however, faced a sharp reduction.
| Export of Safety Valve in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.1 | 2.0 | 4.3 | 9.3 | 353.1% |
| Cote d'Ivoire | 7.2 | 5.7 | 5.9 | 5.7 | -7.5% |
| United Kingdom | 13.9 | 6.4 | 2.6 | 2.7 | -42.1% |
| Ghana | 1.9 | 2.2 | 2.3 | 2.6 | 11.0% |
| Congo | 3.6 | 3.4 | 2.8 | 2.6 | -10.3% |
| France | 2.7 | 2.6 | 2.3 | 2.2 | -6.6% |
| Netherlands | 7.5 | 8.9 | 1.2 | 1.7 | -39.0% |
| Angola | 1.2 | 1.8 | 1.6 | 1.5 | 7.7% |
| Sao Tome and Principe | 0.1 | N/A | N/A | N/A | 0% |
| Others | 180 | 6.5 | 1.5 | 3.7 | -72.6% |
| Total | 218 | 39.6 | 24.4 | 32.0 | -47.2% |
Top Export Markets for Safety Valve from Nigeria in 2022:
- Angola (39.0 kg)
- Cote d'Ivoire (39.0 kg)
- United Kingdom (38.0 kg)
- Ghana (36.0 kg)
- France (35.0 kg)
- Congo (32.0 kg)
- Germany (26.0 kg)
- Netherlands (11.0 kg)
This report provides an in-depth analysis of the safety valve market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28141180 - Safety or relief valves for pipes, boiler shells, tanks, vats and the like
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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