Price for Chain; Articulated Link, Roller, of Iron or Steel in Nigeria - 2022
Contents:
- Price for Chain; Articulated Link, Roller, of Iron or Steel in Nigeria (CIF) - 2022
- Imports of Chain; Articulated Link, Roller, of Iron or Steel in Nigeria
Price for Chain; Articulated Link, Roller, of Iron or Steel in Nigeria (CIF) - 2022
The average import price for chain; articulated link, roller, of iron or steel stood at $2,261 per ton in June 2022, waning by -19.2% against the previous month. In general, the import price, however, continues to indicate notable growth. The growth pace was the most rapid in January 2022 an increase of 125% against the previous month. As a result, import price reached the peak level of $4,059 per ton. From February 2022 to June 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 June 2022, the country with the highest price was India ($20,473 per ton), while the price for China totaled $1,230 per ton.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by India (+32.1%).
Imports of Chain; Articulated Link, Roller, of Iron or Steel in Nigeria
In 2022, approx. 2.1K tons of chain; articulated link, roller, of iron or steel were imported into Nigeria; increasing by 190% against 2021. Overall, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of chain; articulated link, roller, of iron or steel soared to $4.6M in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Chain; Articulated Link, Roller, of Iron or Steel in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 549 | 747 | 423 | 2,462 | 64.9% |
| Germany | 404 | 398 | 600 | 601 | 14.2% |
| Italy | 70.2 | 182 | 38.2 | 497 | 92.0% |
| India | 45.2 | 45.4 | 22.8 | 216 | 68.4% |
| United Kingdom | 39.8 | 55.5 | 48.5 | 174 | 63.5% |
| Others | 336 | 377 | 194 | 622 | 22.8% |
| Total | 1,445 | 1,804 | 1,327 | 4,572 | 46.8% |
Top Suppliers of Chain; Articulated Link, Roller, of Iron or Steel to Nigeria in 2022:
- China (1842.9 tons)
- Germany (50.3 tons)
- India (37.8 tons)
- Italy (34.7 tons)
- United Kingdom (32.5 tons)
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