Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Nigeria - 2023

Contents:

1. Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Nigeria (CIF) - 2022
2. Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Nigeria (FOB) - 2022
3. Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Nigeria
4. Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Nigeria

Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Nigeria (CIF) - 2022

The average import price for containers for compressed or liquefied gas, of iron or steel stood at $45 per unit in 2022, rising by 33% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for containers for compressed or liquefied gas, of iron or steel increased by +58.6% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 54% against the previous year. As a result, import price attained the peak level of $47 per unit. From 2015 to 2022, the average import prices remained at a 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 France ($214 per unit), while the price for the United Arab Emirates ($30 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Nigeria (FOB) - 2022

In 2022, the average export price for containers for compressed or liquefied gas, of iron or steel amounted to $6.4 per unit, waning by -80.5% against the previous year. Overall, the export price showed a abrupt descent. The growth pace was the most rapid in 2014 an increase of 112%. The export price peaked at $59 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to +32.9% per year.

Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Nigeria

In 2022, supplies from abroad of containers for compressed or liquefied gas, of iron or steel increased by 24% to 802K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt downturn. Over the period under review, imports of reached the peak figure at 965K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of containers for compressed or liquefied gas, of iron or steel skyrocketed to $36M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Containers for Compressed or Liquefied Gas, of Iron or Steel to Nigeria in 2022:

1. China (591.2K units)
2. India (83.0K units)
3. Turkey (42.7K units)
4. Italy (31.3K units)
5. United States (8.9K units)
6. United Arab Emirates (2.1K units)

Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Nigeria

Exports of containers for compressed or liquefied gas, of iron or steel from Nigeria surged to 110 units in 2022, jumping by 139% on the previous year's figure. Over the period under review, exports showed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of containers for compressed or liquefied gas, of iron or steel shrank rapidly to $709 in 2022. In general, exports, however, faced a precipitous shrinkage. The exports peaked at $3.1K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Containers for Compressed or Liquefied Gas, of Iron or Steel from Nigeria in 2022:

1. Netherlands (110.0 units)

Source: IndexBox Market Intelligence Platform