Nigeria - Aluminium Casks, Drums, Cans, Boxes and Similar Containers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Aluminium Cask, Drum, Can, Box and Similar Container in Nigeria - 2022
Contents:
- Price for Aluminium Cask, Drum, Can, Box and Similar Container in Nigeria (FOB) - 2022
- Price for Aluminium Cask, Drum, Can, Box and Similar Container in Nigeria (CIF) - 2022
- Exports of Aluminium Cask, Drum, Can, Box and Similar Container in Nigeria
- Imports of Aluminium Cask, Drum, Can, Box and Similar Container in Nigeria
Price for Aluminium Cask, Drum, Can, Box and Similar Container in Nigeria (FOB) - 2022
In 2022, the average export price for aluminium casks, drums, cans, boxes and similar containers amounted to $0.1 per unit, reducing by -6.9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 62%. Over the period under review, the average export prices hit record highs at $0.2 per unit in 2014; however, from 2015 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 South Africa ($0.2 per unit), while the average price for exports to Ghana (less than $0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Gabon (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Aluminium Cask, Drum, Can, Box and Similar Container in Nigeria (CIF) - 2022
In June 2022, the average import price for aluminium casks, drums, cans, boxes and similar containers amounted to $113 per thousand units, increasing by 167% against the previous month. In general, the import price saw a resilient increase. Over the period under review, average import prices reached the maximum at $160 per thousand units in March 2022; however, from April 2022 to June 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2022, the country with the highest price was China ($161 per thousand units), while the price for Turkey totaled $44.0 per thousand units.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by China (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Aluminium Cask, Drum, Can, Box and Similar Container in Nigeria
In 2022, the amount of aluminium casks, drums, cans, boxes and similar containers exported from Nigeria surged to 129M units, picking up by 141% compared with 2021 figures. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of aluminium casks, drums, cans, boxes and similar containers soared to $13M in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Aluminium Cask, Drum, Can, Box and Similar Container in Nigeria (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Togo | 4.1 | 4.0 | 5.3 | 9.2 | 30.9% |
Benin | 0.1 | 0.1 | N/A | 1.1 | 122.4% |
South Africa | 0.2 | 0.3 | 0.4 | 0.9 | 65.1% |
Gabon | N/A | N/A | N/A | 0.4 | 0% |
Cameroon | 0.1 | N/A | N/A | 0.4 | 58.7% |
Saudi Arabia | N/A | N/A | N/A | 0.3 | 0% |
Ghana | N/A | N/A | N/A | 0.2 | 0% |
Others | 0.1 | 0.1 | 0.1 | 0.6 | 81.7% |
Total | 4.5 | 4.4 | 5.9 | 13.1 | 42.8% |
Top Export Markets for Aluminium Cask, Drum, Can, Box and Similar Container from Nigeria in 2022:
- Togo (89.1M units)
- Benin (11.4M units)
- Saudi Arabia (6.6M units)
- Cameroon (5.8M units)
- Ghana (5.6M units)
- Gabon (4.7M units)
- South Africa (4.0M units)
Imports of Aluminium Cask, Drum, Can, Box and Similar Container in Nigeria
In 2022, purchases abroad of aluminium casks, drums, cans, boxes and similar containers decreased by -7.9% to 22M units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 125% against the previous year. Over the period under review, imports of hit record highs at 24M units in 2021, and then declined in the following year.
In value terms, imports of aluminium casks, drums, cans, boxes and similar containers shrank dramatically to $1.8M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 64% against the previous year. Over the period under review, imports of attained the maximum at $2.1M in 2021, and then dropped remarkably in the following year.
Import of Aluminium Cask, Drum, Can, Box and Similar Container in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 63.9 | 120 | 182 | 1,366 | 177.5% |
Turkey | 3.7 | 4.8 | 12.7 | 265 | 315.3% |
India | 5.8 | 24.9 | 37.2 | 57.7 | 115.1% |
United Arab Emirates | 3.7 | 7.7 | 0.2 | 24.0 | 86.5% |
Germany | 0.5 | 0.8 | 0.9 | 9.1 | 163.0% |
France | 34.5 | 39.1 | 29.9 | 3.7 | -52.5% |
Thailand | 28.8 | 32.9 | 3.2 | N/A | -66.7% |
Morocco | 409 | 689 | 785 | N/A | 38.5% |
Saudi Arabia | 29.4 | 22.9 | 6.7 | N/A | -52.3% |
Brazil | 45.4 | 71.0 | 75.1 | N/A | 28.6% |
Others | 520 | 865 | 988 | 43.2 | -56.4% |
Total | 1,145 | 1,878 | 2,121 | 1,768 | 15.6% |
Top Suppliers of Aluminium Cask, Drum, Can, Box and Similar Container to Nigeria in 2022:
- China (15.9M units)
- Turkey (3.7M units)
- India (0.6M units)
- Germany (0.5M units)
- United Arab Emirates (0.4M units)
- France (0.1M units)
This report provides an in-depth analysis of the market for aluminium cask, drum, can, box and similar container 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 25921240 - Casks, drums, cans, boxes and similar containers, of aluminium, for any material (other than compressed or liquefied gas), n.e.s. (other than collapsible tubular containers and containers for aerosols)
- Prodcom 25921260 - Aluminium aerosol containers, with a capacity . .300 litres
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 market for aluminium cask, drum, can, box and similar container in Nigeria.
This report provides an in-depth analysis of the container market in Nigeria.
This report provides an in-depth analysis of the global market for aluminium cask, drum, can, box and similar container.
This report provides an in-depth analysis of the global container market.
This report provides an in-depth analysis of the market for aluminium cask, drum, can, box and similar container in Nigeria.
This report provides an in-depth analysis of the global market for aluminium cask, drum, can, box and similar container.
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