Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Nigeria - 2023
Contents:
- Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Nigeria (CIF) - 2022
- Imports of Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Nigeria
Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Nigeria (CIF) - 2022
The average import price for alloy steel, flat-rolled, width 600mm or more, cold-rolleds stood at $965 per ton in 2022, falling by -17.5% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for alloy steel, flat-rolled, width 600mm or more, cold-rolleds increased by +40.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 70% against the previous year. As a result, import price reached the peak level of $1,170 per ton, and then declined rapidly in the following year.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.2% per year.
Imports of Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Nigeria
In 2022, the amount of alloy steel, flat-rolled, width 600mm or more, cold-rolleds imported into Nigeria declined slightly to 6.2K tons, approximately equating 2021. Over the period under review, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 0.5% against the previous year.
In value terms, imports of alloy steel, flat-rolled, width 600mm or more, cold-rolleds fell sharply to $6M in 2022. Overall, imports showed a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 71% against the previous year.
| Import of Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.1 | 4.2 | 7.3 | 6.0 | -5.5% |
| Others | 0.2 | 0.1 | N/A | N/A | -50.0% |
| Total | 7.3 | 4.3 | 7.3 | 6.0 | -6.3% |
Top Suppliers of Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled to Nigeria in 2022:
- China (6.2K tons)
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