Report Update Apr 1, 2024

Nigeria - Welded Link Chain of Iron or Steel - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Market for Welded Link Chain Of Iron Or Steel 2024

Market Size for Welded Link Chain Of Iron Or Steel in Nigeria

The Nigerien metal welded link chain market reduced remarkably to $X in 2022, dropping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate strong growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Welded Link Chain Of Iron Or Steel

Exports from Nigeria

In 2022, the amount of welded link chain of iron or steel exported from Nigeria amounted to X tons, leveling off at the year before. Over the period under review, exports, however, faced a deep reduction. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal welded link chain exports amounted to $X in 2022. Overall, exports, however, recorded a deep contraction. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X tons) was the main destination for metal welded link chain exports from Nigeria, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cote d'Ivoire amounted to X%.

In value terms, Cote d'Ivoire ($X) also remains the key foreign market for welded link chain of iron or steel exports from Nigeria.

From 2012 to 2022, the average annual growth rate of value to Cote d'Ivoire totaled X%.

Export Prices by Country

In 2022, the average metal welded link chain export price amounted to $X per ton, flattening at the previous year. In general, the export price, however, showed temperate growth. The growth pace was the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then contracted slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to X% per year.

Imports of Welded Link Chain Of Iron Or Steel

Imports into Nigeria

In 2022, approx. X tons of welded link chain of iron or steel were imported into Nigeria; with a decrease of X% compared with 2021 figures. Overall, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal welded link chain imports shrank notably to $X in 2022. In general, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest metal welded link chain supplier to Nigeria, with a X% share of total imports. Moreover, metal welded link chain imports from China exceeded the figures recorded by the second-largest supplier, Austria (X tons), threefold. The third position in this ranking was taken by India (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and India (X% per year).

In value terms, the largest metal welded link chain suppliers to Nigeria were China ($X), India ($X) and Austria ($X), together comprising X% of total imports.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average metal welded link chain import price amounted to $X per ton, jumping by X% against the previous year. Overall, the import price, however, saw a slight reduction. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for welded link chain of iron or steel in the world?

The countries with the highest volumes of consumption in 2023 were China, the United States and India, together accounting for 37% of global consumption. Italy, Russia, Japan, Brazil, Germany, Mexico, Bangladesh and France lagged somewhat behind, together comprising a further 30%.

What are the largest producers of welded link chain of iron or steel in the world?

China remains the largest metal welded link chain producing country worldwide, comprising approx. 44% of total volume. Moreover, metal welded link chain production in China exceeded the figures recorded by the second-largest producer, India, fivefold. The third position in this ranking was taken by Italy, with a 6.1% share.

What are the leading suppliers of welded link chain of iron or steel to Nigeria?

In value terms, the largest metal welded link chain suppliers to Nigeria were China, India and Austria, together comprising 96% of total imports.

What are the leading importers of welded link chain of iron or steel from Nigeria?

In value terms, Cote d'Ivoire remains the key foreign market for welded link chain of iron or steel exports from Nigeria.

What is the average export price for welded link chain of iron or steel in Nigeria?

In 2022, the average metal welded link chain export price amounted to $4,588 per ton, standing approx. at the previous year.

What is the average import price for welded link chain of iron or steel in Nigeria?

In 2022, the average metal welded link chain import price amounted to $2,807 per ton, increasing by 21% against the previous year.

This report provides an in-depth analysis of the market for metal welded link chain 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 25931724 - Welded link chain of iron or steel (excluding articulated link chain, skid chain and stud-link chain)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023