Price for Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in Nigeria - 2022
Contents:
- Price for Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in Nigeria (CIF) - 2022
- Imports of Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in Nigeria
Price for Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in Nigeria (CIF) - 2022
The average import price for base metals clad with silver; not further worked than semi-manufactured stood at $182,646 per ton in 2022, increasing by 5.7% against the previous year. Overall, the import price enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 362%. As a result, import price reached the peak level of $798,273 per ton. From 2020 to 2022, the average import prices remained at a somewhat 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 the UK ($3,535,000 per ton), while the price for China ($44,133 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+95.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in Nigeria
In 2022, supplies from abroad of base metals clad with silver; not further worked than semi-manufactured decreased by -34.7% to 79 kg, falling for the second year in a row after two years of growth. Over the period under review, imports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 233% against the previous year. As a result, imports attained the peak of 183 kg. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of base metals clad with silver; not further worked than semi-manufactured shrank notably to $14K in 2022. In general, imports recorded a sharp reduction.
| Import of Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 1.6 | 15.8 | 13.6 | 10.6 | 87.8% |
| China | 2.2 | 13.2 | 7.0 | 3.3 | 14.5% |
| Indonesia | 18.0 | N/A | N/A | N/A | 0% |
| Turkey | 21.8 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 1.3 | 0.3 | 0.5 | 18.6% |
| Total | 43.9 | 30.3 | 20.9 | 14.4 | -31.0% |
Top Suppliers of Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured to Nigeria in 2022:
- China (75.0 kg)
- United Kingdom (3.0 kg)
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