Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Nigeria - 2023
Contents:
- Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Nigeria (CIF) - 2022
- Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Nigeria (FOB) - 2022
- Imports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Nigeria
- Exports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Nigeria
Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Nigeria (CIF) - 2022
In 2022, the average import price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $6,700 per ton, growing by 65% against the previous year. Over the period under review, the import price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by 113% against the previous year. As a result, import price reached the peak level of $119,648 per ton. From 2017 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($113,033 per ton), while the price for the United Arab Emirates ($3,142 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Nigeria (FOB) - 2022
The average export price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $20,653 per ton in 2021, which is down by -51.2% against the previous year. Over the period under review, the export price saw a precipitous setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 546% against the previous year. The export price peaked at $260,667 per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($51,000 per ton), while the average price for exports to Norway ($17,411 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (+46.3%), while the prices for the other major destinations experienced a decline.
Imports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Nigeria
In 2022, supplies from abroad of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s decreased by -72.1% to 118 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports showed a noticeable downturn. The growth pace was the most rapid in 2020 when imports increased by 96% against the previous year.
In value terms, imports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s plummeted to $794K in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 133% against the previous year. As a result, imports reached the peak of $1.9M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 180 | 361 | 608 | 301 | 18.7% |
| United Arab Emirates | 478 | 738 | 877 | 244 | -20.1% |
| China | 14.6 | 24.4 | 108 | 103 | 91.8% |
| Others | 140 | 771 | 129 | 147 | 1.6% |
| Total | 813 | 1,895 | 1,723 | 794 | -0.8% |
Top Suppliers of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to Nigeria in 2022:
- United Arab Emirates (77.5 tons)
- China (29.8 tons)
- Canada (7.3 tons)
Exports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Nigeria
In 2021, approx. 190 kg of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s were exported from Nigeria; increasing by 2,614% against the year before. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s skyrocketed to $3.9K in 2021. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| Norway | N/A | 2,246 | 0% | ||
| Netherlands | N/A | 1,297 | 0% | ||
| Cote d'Ivoire | 174 | 306 | 75.9% | ||
| Niger | 122 | 75.0 | -38.5% | ||
| Others | N/A | N/A | 0% | ||
| Total | 296 | 3,924 | 1225.7% | ||
Top Export Markets for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from Nigeria in 2022:
- Norway (129.0 kg)
- Netherlands (52.0 kg)
- Cote d'Ivoire (6.0 kg)
- Niger (3.0 kg)
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This report provides an in-depth analysis of the market for nickel pipes and fittings in Nigeria.
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Global Nickel Pipes And Fittings Market Report 2018. This report provides an in-depth analysis of the global market for nickel pipes and fittings.
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