Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Nigeria - 2023
Contents:
- Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Nigeria (CIF) - 2022
- Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Nigeria (FOB) - 2022
- Imports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Nigeria
- Exports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Nigeria
Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Nigeria (CIF) - 2022
In 2022, the average import price for blades; cutting, serrated or not, excluding those of heading no. 8208s amounted to $2 per unit, picking up by 355% against the previous year. Over the period under review, the import price posted a strong expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 377%. Over the period under review, average import prices reached the maximum at $2.2 per unit in 2017; however, from 2018 to 2022, import prices stood 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 Brazil ($33 per unit), while the price for China ($0.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+969.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Nigeria (FOB) - 2022
The average export price for blades; cutting, serrated or not, excluding those of heading no. 8208s stood at $1.4 per unit in 2022, with a decrease of -62.8% against the previous year. In general, the export price, however, saw a strong increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 1,407%. Over the period under review, the average export prices reached the maximum at $8.1 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Benin ($4.8 per unit), while the average price for exports to India ($0.4 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 Benin (+42.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Nigeria
After three years of growth, overseas purchases of blades; cutting, serrated or not, excluding those of heading no. 8208s decreased by -83.1% to 99K units in 2022. Over the period under review, imports, however, enjoyed notable growth. The pace of growth was the most pronounced in 2021 with an increase of 534%. As a result, imports reached the peak of 585K units, and then declined notably in the following year.
In value terms, imports of blades; cutting, serrated or not, excluding those of heading no. 8208s contracted remarkably to $193K in 2022. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 123% against the previous year. As a result, imports reached the peak of $251K, and then fell remarkably in the following year.
| Import of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | N/A | 0.2 | N/A | 61.4 | 1652.1% |
| United States | 18.7 | 0.9 | 12.0 | 35.9 | 24.3% |
| China | 22.5 | 17.6 | 60.8 | 20.3 | -3.4% |
| United Kingdom | 19.0 | 36.5 | 2.2 | 20.1 | 1.9% |
| Germany | 1.0 | 4.7 | 11.1 | 14.6 | 144.4% |
| Italy | 3.7 | 5.3 | 85.9 | 10.8 | 42.9% |
| India | 4.6 | 13.3 | N/A | 9.3 | 26.4% |
| Ireland | N/A | N/A | 3.8 | N/A | 0% |
| United Arab Emirates | N/A | N/A | 34.9 | N/A | 0% |
| Others | 16.0 | 34.1 | 40.3 | 20.8 | 9.1% |
| Total | 85.4 | 113 | 251 | 193 | 31.2% |
Top Suppliers of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 to Nigeria in 2022:
- China (67.3K units)
- United Kingdom (9.1K units)
- United States (7.9K units)
- Italy (3.4K units)
- Germany (2.9K units)
- India (2.2K units)
- Brazil (1.8K units)
Exports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Nigeria
In 2022, approx. 191 units of blades; cutting, serrated or not, excluding those of heading no. 8208s were exported from Nigeria; dropping by -86.2% compared with 2021. In general, exports saw a dramatic slump. The growth pace was the most rapid in 2021 when exports increased by 468%. As a result, the exports attained the peak of 1.4K units, and then shrank markedly in the following year.
In value terms, exports of blades; cutting, serrated or not, excluding those of heading no. 8208s declined significantly to $265 in 2022. Overall, exports faced a precipitous descent. The pace of growth was the most pronounced in 2021 with an increase of 858% against the previous year. As a result, the exports attained the peak of $5.1K, and then declined notably in the following year.
| Export of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sao Tome and Principe | 44.0 | N/A | N/A | 159 | 53.5% |
| Benin | N/A | 228 | N/A | 58.0 | -49.6% |
| India | N/A | N/A | N/A | 48.0 | 0% |
| Cote d'Ivoire | 1,056 | 309 | 5,139 | N/A | 120.6% |
| France | 201 | N/A | N/A | N/A | 0% |
| Ghana | 148 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 6.0 | N/A | 0% |
| Total | 1,449 | 537 | 5,145 | 265 | -43.2% |
Top Export Markets for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 from Nigeria in 2022:
- India (133.0 units)
- Sao Tome and Principe (46.0 units)
- Benin (12.0 units)
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