Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Nigeria - 2023
Contents:
- Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Nigeria (FOB) - 2022
- Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Nigeria (CIF) - 2022
- Exports of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Nigeria
- Imports of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Nigeria
Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Nigeria (FOB) - 2022
The average export price for copper; copper-tin base alloys (bronze) unwroughts stood at $11,646 per ton in 2022, which is down by -3.6% against the previous year. In general, the export price, however, posted pronounced growth. Over the period under review, the average export prices reached the peak figure at $12,087 per ton in 2021, and then declined modestly in the following year.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2013 to 2022, the rate of growth in terms of prices for Germany amounted to -11.0% per year.
Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Nigeria (CIF) - 2022
The average import price for copper; copper-tin base alloys (bronze) unwroughts stood at $8,691 per ton in 2022, waning by -24.2% against the previous year. Overall, the import price continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2018 an increase of 56%. The import price peaked at $16,259 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 the Netherlands ($658,000 per ton), while the price for Germany ($5,495 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+47.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Nigeria
In 2022, approx. 3 tons of copper; copper-tin base alloys (bronze) unwroughts were exported from Nigeria; declining by -6.5% against 2021. In general, exports showed a abrupt decline.
In value terms, exports of copper; copper-tin base alloys (bronze) unwroughts dropped to $35K in 2022. Over the period under review, exports continue to indicate a abrupt setback.
| Export of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Nigeria (Thousand USD) | |||
|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 |
| Niger | N/A | 34.9 | 0% |
| Ghana | 38.8 | N/A | 0% |
| Others | N/A | N/A | 0% |
| Total | 38.8 | 34.9 | -10.1% |
Top Export Markets for Copper; Copper-Tin Base Alloys (Bronze) Unwrought from Nigeria in 2022:
- Niger (3.0 tons)
Imports of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Nigeria
In 2022, overseas purchases of copper; copper-tin base alloys (bronze) unwroughts increased by 163% to 2.5 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports posted a notable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of copper; copper-tin base alloys (bronze) unwroughts surged to $22K in 2022. Overall, imports, however, continue to indicate a noticeable decrease.
| Import of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.6 | 4.2 | 6.2 | 10.9 | 44.7% |
| Germany | 2.1 | 2.2 | 1.1 | 2.9 | 11.4% |
| France | N/A | N/A | N/A | 2.4 | 0% |
| Netherlands | 5.6 | 2.9 | 0.7 | 1.3 | -38.5% |
| Italy | 7.5 | 0.8 | 0.3 | 0.8 | -52.6% |
| China | N/A | N/A | 1.2 | N/A | 0% |
| Others | 6.4 | 4.6 | 1.4 | 3.4 | -19.0% |
| Total | 25.1 | 14.7 | 10.9 | 21.7 | -4.7% |
Top Suppliers of Copper; Copper-Tin Base Alloys (Bronze) Unwrought to Nigeria in 2022:
- India (1556.0 kg)
- Germany (535.0 kg)
- France (341.0 kg)
- Italy (8.0 kg)
- Netherlands (2.0 kg)
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