Price for Nickel; Plates, Sheets, Strip and Foil in Nigeria - 2023
Contents:
- Price for Nickel; Plates, Sheets, Strip and Foil in Nigeria (CIF) - 2022
- Imports of Nickel; Plates, Sheets, Strip and Foil in Nigeria
Price for Nickel; Plates, Sheets, Strip and Foil in Nigeria (CIF) - 2022
In 2022, the average import price for nickel; plates, sheets, strip and foils amounted to $13,154 per ton, declining by -52.8% against the previous year. Over the period under review, the import price recorded a slight setback. The most prominent rate of growth was recorded in 2013 an increase of 367%. As a result, import price attained the peak level of $73,580 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($151,200 per ton), while the price for Ethiopia totaled $10,749 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+19.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Nickel; Plates, Sheets, Strip and Foil in Nigeria
Imports of nickel; plates, sheets, strip and foils into Nigeria declined notably to 292 kg in 2022, dropping by -91.4% against the year before. Over the period under review, imports faced a precipitous curtailment. The pace of growth was the most pronounced in 2021 with an increase of 65%.
In value terms, imports of nickel; plates, sheets, strip and foils reduced dramatically to $3.8K in 2022. In general, imports faced a dramatic curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 50%.
| Import of Nickel; Plates, Sheets, Strip and Foil in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ethiopia | N/A | N/A | N/A | 3.1 | 0% |
| United States | 1.7 | N/A | N/A | 0.8 | -22.2% |
| China | 224 | 9.7 | N/A | N/A | -95.7% |
| India | 18.5 | 53.4 | N/A | N/A | 188.6% |
| United Arab Emirates | N/A | N/A | 94.5 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 245 | 63.1 | 94.5 | 3.8 | -75.1% |
Top Suppliers of Nickel; Plates, Sheets, Strip and Foil to Nigeria in 2022:
- Ethiopia (287.0 kg)
- United States (5.0 kg)
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