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Nigeria - Iron Or Steel Crown Corks - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Crown Cork Price in Nigeria - 2022
Contents:
- Metal Crown Cork Price in Nigeria (CIF) - 2022
- Metal Crown Cork Price in Nigeria (FOB) - 2022
- Metal Crown Cork Imports in Nigeria
- Metal Crown Cork Exports in Nigeria
Metal Crown Cork Price in Nigeria (CIF) - 2022
The average metal crown cork import price stood at $13 per thousand units in 2022, rising by 12% against the previous year. Over the period under review, the import price recorded strong growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 74% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.
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 the Netherlands ($21 per thousand units), while the price for China ($2.9 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Crown Cork Price in Nigeria (FOB) - 2022
In 2022, the average metal crown cork export price amounted to $5.5 per thousand units, dropping by -5.6% against the previous year. In general, the export price recorded a slight slump. The most prominent rate of growth was recorded in 2014 an increase of 31% against the previous year. The export price peaked at $7.6 per thousand units in 2015; however, from 2016 to 2022, 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 Togo ($23 per thousand units), while the average price for exports to Cameroon ($3.2 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Antigua and Barbuda (+17.5%), while the prices for the other major destinations experienced a decline.
Metal Crown Cork Imports in Nigeria
In 2022, approx. 1.8B units of iron or steel crown corks were imported into Nigeria; with an increase of 3.8% against 2021 figures. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +6.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -32.1% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 77%. As a result, imports reached the peak of 2.7B units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, metal crown cork imports surged to $24M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.6% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 53%. As a result, imports reached the peak of $30M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Metal Crown Cork in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | 15.2 | 21.5 | 13.3 | 15.6 | 0.9% |
Saudi Arabia | 1.0 | 1.1 | 2.1 | 2.2 | 30.1% |
Greece | 1.1 | 3.6 | 1.8 | 2.0 | 22.1% |
India | 1.3 | 2.2 | 1.7 | 2.0 | 15.4% |
Spain | 0.8 | 1.1 | 1.0 | 1.0 | 7.7% |
Netherlands | N/A | N/A | N/A | 0.9 | 0% |
China | N/A | 0.4 | 0.3 | 0.3 | -13.4% |
Others | 0.3 | 0.2 | 0.7 | 0.3 | 0.0% |
Total | 19.8 | 30.2 | 20.9 | 24.3 | 7.1% |
Top Suppliers of Metal Crown Cork to Nigeria in 2022:
- South Africa (826.7M units)
- Greece (372.5M units)
- India (179.7M units)
- Saudi Arabia (123.3M units)
- China (110.3M units)
- Spain (107.9M units)
- Netherlands (42.3M units)
Metal Crown Cork Exports in Nigeria
In 2022, approx. 31M units of iron or steel crown corks were exported from Nigeria; reducing by -38.7% on 2021 figures. Over the period under review, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 435% against the previous year. The exports peaked at 163M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, metal crown cork exports contracted notably to $170K in 2022. In general, exports recorded a dramatic setback. The growth pace was the most rapid in 2021 with an increase of 535% against the previous year. Over the period under review, the exports reached the peak figure at $675K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Metal Crown Cork in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ghana | 502 | 7.1 | 141 | 84.6 | -44.8% |
Antigua and Barbuda | 107 | 26.6 | 109 | 63.6 | -15.9% |
Togo | 40.3 | 7.3 | 25.7 | 12.8 | -31.8% |
Cameroon | 23.4 | 4.9 | 16.7 | 8.2 | -29.5% |
Others | 2.1 | 0.4 | 1.3 | 0.6 | -34.1% |
Total | 675 | 46.2 | 293 | 170 | -36.8% |
Top Export Markets for Metal Crown Cork from Nigeria in 2022:
- Ghana (21.7M units)
- Antigua and Barbuda (5.9M units)
- Cameroon (2.6M units)
- Togo (0.6M units)
This report provides an in-depth analysis of the metal crown cork 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 25921330 - Iron or steel crown corks
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
-
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
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