Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in Ethiopia - 2022
Contents:
- Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in Ethiopia (CIF) - 2022
- Imports of Cupro-Nickel and Nickel Silver Tubes and Pipes in Ethiopia
Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in Ethiopia (CIF) - 2022
The average import price for tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) stood at $19,501 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the import price, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 65% against the previous year. Over the period under review, average import prices hit record highs at $25,945 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +16.5% per year.
Imports of Cupro-Nickel and Nickel Silver Tubes and Pipes in Ethiopia
For the fourth consecutive year, Ethiopia recorded growth in overseas purchases of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver), which increased by 0.5% to 1.3 tons in 2022. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 563%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) stood at $26K in 2022. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 398%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of Cupro-Nickel and Nickel Silver Tubes and Pipes in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.1 | 4.1 | 25.4 | 25.9 | 102.9% |
| Others | N/A | 1.0 | 0.3 | N/A | -70.0% |
| Total | 3.1 | 5.2 | 25.7 | 25.9 | 102.9% |
Top Suppliers of Cupro-Nickel and Nickel Silver Tubes and Pipes to Ethiopia in 2022:
- China (1.3 tons)
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