Price for Brass Tubes and Pipes in Nigeria - 2022
Contents:
Price for Brass Tubes and Pipes in Nigeria (CIF) - 2022
In 2022, the average brass tubes and pipes import price amounted to $54,687 per ton, picking up by 208% against the previous year. In general, the import price posted a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Germany ($125,935 per ton), while the price for China ($12,207 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Brass Tubes and Pipes in Nigeria
In 2022, the amount of tubes and pipes of copper-zinc base alloys (brass) imported into Nigeria fell remarkably to 923 kg, with a decrease of -24.2% on the previous year. In general, imports continue to indicate a precipitous curtailment.
In value terms, brass tubes and pipes imports soared to $50K in 2022. Over the period under review, imports continue to indicate a abrupt setback.
| Import of Brass Tubes and Pipes in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 13.5 | 6.4 | 3.7 | 25.2 | 23.1% |
| India | 24.2 | 14.1 | 6.3 | 20.2 | -5.8% |
| China | 18.0 | 0.9 | 2.0 | 2.3 | -49.6% |
| United Kingdom | 0.4 | 0.5 | 0.8 | 1.3 | 48.1% |
| Ireland | N/A | N/A | N/A | 0.7 | 0% |
| Brazil | N/A | N/A | N/A | 0.6 | 0% |
| United Arab Emirates | 3.3 | 2.5 | 1.5 | N/A | -32.6% |
| Lebanon | 4.4 | 3.7 | 2.4 | N/A | -26.1% |
| South Africa | 0.9 | 0.9 | 0.7 | N/A | -11.8% |
| Others | 16.5 | 9.2 | 4.2 | 0.1 | -81.8% |
| Total | 81.2 | 38.2 | 21.6 | 50.5 | -14.6% |
Top Suppliers of Brass Tubes and Pipes to Nigeria in 2022:
- India (432.0 kg)
- Germany (200.0 kg)
- China (188.0 kg)
- Ireland (50.0 kg)
- United Kingdom (28.0 kg)
- Brazil (20.0 kg)
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