Price for Cermets; Articles Thereof, Including Waste and Scrap in Nigeria - 2023
Contents:
- Price for Cermets; Articles Thereof, Including Waste and Scrap in Nigeria (CIF) - 2022
- Imports of Cermets; Articles Thereof, Including Waste and Scrap in Nigeria
Price for Cermets; Articles Thereof, Including Waste and Scrap in Nigeria (CIF) - 2022
The average import price for cermets; articles thereof, including waste and scrap stood at $125,143 per ton in 2022, surging by 17% against the previous year. In general, the import price, however, saw a abrupt downturn. Over the period under review, average import prices attained the maximum at $224,034 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($690,000 per ton), while the price for the UK ($19,000 per ton) was amongst the lowest.
From 2018 to 2022, the most notable rate of growth in terms of prices was attained by India (+81.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Cermets; Articles Thereof, Including Waste and Scrap in Nigeria
In 2022, purchases abroad of cermets; articles thereof, including waste and scrap decreased by 0% to 21 kg, falling for the second year in a row after two years of growth. In general, imports posted modest growth. The growth pace was the most rapid in 2020 when imports increased by 305% against the previous year. As a result, imports reached the peak of 81 kg. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of cermets; articles thereof, including waste and scrap surged to $2.6K in 2022. Overall, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 249% against the previous year. As a result, imports attained the peak of $12K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Cermets; Articles Thereof, Including Waste and Scrap in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 398 | 2,104 | 727 | 1,282 | 47.7% |
| South Korea | 1,167 | 3,503 | 688 | 690 | -16.1% |
| United States | 762 | 2,098 | 125 | 190 | -37.1% |
| China | 61.0 | 57.0 | 4.0 | 176 | 42.4% |
| Italy | 443 | 1,092 | 177 | 144 | -31.2% |
| India | 6.0 | 36.0 | 14.0 | 65.0 | 121.3% |
| United Arab Emirates | 259 | 1,353 | 27.0 | 41.0 | -45.9% |
| Netherlands | N/A | 90.0 | N/A | 21.0 | -51.7% |
| United Kingdom | 171 | 321 | 40.0 | 19.0 | -51.9% |
| Switzerland | N/A | 20.0 | N/A | N/A | 0% |
| France | N/A | 909 | N/A | N/A | 0% |
| Saudi Arabia | N/A | N/A | 432 | N/A | 0% |
| Others | 51.0 | N/A | 17.0 | N/A | -42.3% |
| Total | 3,318 | 11,583 | 2,251 | 2,628 | -7.5% |
Top Suppliers of Cermets; Articles Thereof, Including Waste and Scrap to Nigeria in 2022:
- Germany (13.0 kg)
- United States (1.0 kg)
- Netherlands (1.0 kg)
- Italy (1.0 kg)
- United Arab Emirates (1.0 kg)
- India (1.0 kg)
- United Kingdom (1.0 kg)
- China (1.0 kg)
- South Korea (1.0 kg)
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