Nigeria - Articles Such As Clasps, Frames With Clasps, Parts Of Base Metal - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBase Metal Clasp Price in Nigeria - 2022
Contents:
- Base Metal Clasp Price in Nigeria (CIF) - 2022
- Base Metal Clasp Price in Nigeria (FOB) - 2022
- Base Metal Clasp Imports in Nigeria
- Base Metal Clasp Exports in Nigeria
Base Metal Clasp Price in Nigeria (CIF) - 2022
In 2022, the average base metal clasp import price amounted to $3,282 per ton, growing by 48% against the previous year. Overall, the import price posted strong growth. The pace of growth was the most pronounced in 2014 an increase of 80%. The import price peaked at $3,767 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 Vietnam ($10,068 per ton), while the price for Australia ($883 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Metal Clasp Price in Nigeria (FOB) - 2022
In 2022, the average base metal clasp export price amounted to $6,570 per ton, reducing by -44.5% against the previous year. Over the period under review, the export price saw a drastic downturn. The growth pace was the most rapid in 2016 when the average export price increased by 66% against the previous year. The export price peaked at $32,901 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
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 Cote d'Ivoire ($48,037 per ton), while the average price for exports to Ghana ($887 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 Benin (-1.5%), while the prices for the other major destinations experienced a decline.
Base Metal Clasp Imports in Nigeria
After two years of decline, purchases abroad of articles such as clasps, frames with clasps, parts of base metal increased by 264% to 1.8K tons in 2022. Overall, imports, however, recorded a relatively flat trend pattern.
In value terms, base metal clasp imports skyrocketed to $5.9M in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Base Metal Clasp in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2,344 | 2,557 | 650 | 4,472 | 24.0% |
Vietnam | 2.7 | 231 | 187 | 572 | 496.1% |
United States | 54.8 | 137 | 42.2 | 195 | 52.7% |
United Arab Emirates | 138 | 94.5 | 57.7 | 102 | -9.6% |
India | 74.4 | 23.2 | 1.0 | 74.7 | 0.1% |
Congo | 42.7 | N/A | N/A | N/A | 0% |
Others | 168 | 187 | 164 | 519 | 45.6% |
Total | 2,825 | 3,229 | 1,101 | 5,933 | 28.1% |
Top Suppliers of Base Metal Clasp to Nigeria in 2022:
- China (1540.1 tons)
- United States (61.5 tons)
- Vietnam (56.8 tons)
- United Arab Emirates (36.1 tons)
- India (23.3 tons)
Base Metal Clasp Exports in Nigeria
In 2022, the amount of articles such as clasps, frames with clasps, parts of base metal exported from Nigeria surged to 959 kg, increasing by 38% compared with 2021 figures. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 127% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, base metal clasp exports dropped rapidly to $6.3K in 2022. In general, exports saw significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 260%.
Export of Base Metal Clasp in Nigeria (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Niger | 192 | 1,663 | 1,024 | 2,353 | 130.6% |
Cote d'Ivoire | 72.0 | 1,636 | 1,008 | 2,315 | 218.0% |
Benin | 187 | 301 | 367 | 843 | 65.2% |
Ireland | 130 | 188 | 120 | 287 | 30.2% |
Ghana | 37.0 | 53.0 | 33.0 | 75.0 | 26.6% |
Burkina Faso | 26.0 | 33.0 | 18.0 | 36.0 | 11.5% |
United Kingdom | N/A | N/A | 2,973 | N/A | 0% |
Angola | N/A | N/A | 9.0 | N/A | 0% |
Netherlands | N/A | N/A | 2,279 | N/A | 0% |
Others | 568 | 494 | 407 | 394 | -11.5% |
Total | 1,212 | 4,368 | 8,238 | 6,303 | 73.3% |
Top Export Markets for Base Metal Clasp from Nigeria in 2022:
- Benin (377.0 kg)
- Niger (351.0 kg)
- Ghana (85.0 kg)
- Cote d'Ivoire (48.0 kg)
- Burkina Faso (41.0 kg)
- Ireland (21.0 kg)
This report provides an in-depth analysis of the base metal clasp 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 25992570 - Articles such as clasps, frames with clasps..., parts of base metal
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
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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
This report provides an in-depth analysis of the base metal clasp market in Nigeria.
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This report provides an in-depth analysis of the global base metal hook market.
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This report provides an in-depth analysis of the base metal clasp market in Nigeria.
This report provides an in-depth analysis of the base metal hook market in Nigeria.
This report provides an in-depth analysis of the metal tubular rivet market in Nigeria.
This report provides an in-depth analysis of the global base metal clasp market.
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