Hand Saws Price in Nigeria - 2022
Contents:
- Hand Saws Price in Nigeria (CIF) - 2022
- Hand Saws Price in Nigeria (FOB) - 2022
- Hand Saws Imports in Nigeria
- Hand Saws Exports in Nigeria
Hand Saws Price in Nigeria (CIF) - 2022
In 2022, the average hand saws import price amounted to $2,879 per ton, with an increase of 86% against the previous year. In general, the import price saw a resilient expansion. The growth pace was the most rapid in 2014 an increase of 88% against the previous year. Over the period under review, average import prices hit record highs at $5,614 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
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 South Korea ($16,673 per ton), while the price for China ($1,398 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Hand Saws Price in Nigeria (FOB) - 2022
The average hand saws export price stood at $6,120 per ton in 2022, declining by -75.2% against the previous year. In general, the export price saw a deep slump. The most prominent rate of growth was recorded in 2013 an increase of 179%. As a result, the export price reached the peak level of $52,265 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($14,899 per ton), while the average price for exports to Benin ($3,490 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 the UK (+681.8%), while the prices for the other major destinations experienced more modest paces of growth.
Hand Saws Imports in Nigeria
For the third year in a row, Nigeria recorded decline in supplies from abroad of hand sawses, which decreased by -23.5% to 1K tons in 2022. Over the period under review, imports recorded a significant curtailment.
In value terms, hand saws imports soared to $2.9M in 2022. Overall, imports showed a abrupt downturn.
| Import of Hand Saws in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,196 | 1,980 | 1,104 | 950 | -24.4% |
| South Korea | N/A | 0.3 | 0.4 | 934 | 5479.7% |
| India | 1,119 | 81.0 | 186 | 203 | -43.4% |
| Sweden | 142 | 87.3 | 40.7 | 114 | -7.1% |
| Portugal | N/A | 53.1 | 72.4 | 60.9 | 7.1% |
| Turkey | 96.1 | 62.7 | 6.9 | 4.5 | -64.0% |
| Others | 1,231 | 1,524 | 613 | 614 | -20.7% |
| Total | 4,784 | 3,789 | 2,024 | 2,882 | -15.5% |
Top Suppliers of Hand Saws to Nigeria in 2022:
- China (680.1 tons)
- India (109.2 tons)
- South Korea (56.0 tons)
- Sweden (53.5 tons)
- Portugal (31.4 tons)
- Turkey (3.9 tons)
Hand Saws Exports in Nigeria
In 2022, the amount of hand sawses exported from Nigeria soared to 4.2 tons, with an increase of 264% on 2021 figures. Overall, exports saw a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, hand saws exports contracted to $26K in 2022. In general, exports recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 285%. As a result, the exports attained the peak of $29K, and then shrank in the following year.
| Export of Hand Saws in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | 0.2 | 1.1 | 1.5 | 10.5 | 274.4% |
| Tanzania | N/A | N/A | 0.1 | 7.4 | 7300.0% |
| South Africa | N/A | N/A | N/A | 2.6 | 0% |
| Niger | 0.2 | 1.5 | 0.4 | 2.4 | 128.9% |
| Cote d'Ivoire | 4.1 | 4.8 | 22.5 | N/A | 134.3% |
| Congo | 2.6 | N/A | 0.5 | N/A | -56.1% |
| Ghana | 7.6 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 3.6 | 2.9 | -19.4% |
| Total | 14.7 | 7.4 | 28.6 | 25.8 | 20.6% |
Top Export Markets for Hand Saws from Nigeria in 2022:
- Benin (3007.0 kg)
- Tanzania (496.0 kg)
- Niger (444.0 kg)
- South Africa (196.0 kg)
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