Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Nigeria - 2023

Contents:

1. Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Nigeria (FOB) - 2023
2. Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Nigeria (CIF) - 2022
3. Exports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Nigeria
4. Imports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Nigeria

Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Nigeria (FOB) - 2023

The average export price for copper; copper-zinc base alloys (brass) unwroughts stood at $9,003 per ton in December 2023, surging by 653% against the previous month. Over the period under review, the export price posted buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In December 2023, the country with the highest price was Japan ($10,719 per ton), while the average price for exports to China ($8,437 per ton) was amongst the lowest.

From January 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Nigeria (CIF) - 2022

In 2022, the average import price for copper; copper-zinc base alloys (brass) unwroughts amounted to $8,190 per ton, increasing by 196% against the previous year. In general, the import price recorded significant growth. The growth pace was the most rapid in 2013 when the average import price increased by 1,254% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($13,488 per ton), while the price for India totaled $962 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Nigeria

In 2022, exports of copper; copper-zinc base alloys (brass) unwroughts from Nigeria expanded sharply to 13K tons, with an increase of 8.9% on 2021. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,303% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of copper; copper-zinc base alloys (brass) unwroughts surged to $56M in 2022. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 985% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Copper; Copper-Zinc Base Alloys (Brass) Unwrought from Nigeria in 2022:

1. China (6.5K tons)
2. Spain (0.2K tons)

Imports of Copper; Copper-Zinc Base Alloys (Brass) Unwrought in Nigeria

In 2022, supplies from abroad of copper; copper-zinc base alloys (brass) unwroughts decreased by -99.2% to 294 kg, falling for the second year in a row after two years of growth. Over the period under review, imports saw a dramatic decline. The most prominent rate of growth was recorded in 2020 when imports increased by 624% against the previous year. As a result, imports reached the peak of 218 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of copper; copper-zinc base alloys (brass) unwroughts contracted sharply to $2.4K in 2022. Overall, imports showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 226%. As a result, imports attained the peak of $124K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Copper; Copper-Zinc Base Alloys (Brass) Unwrought to Nigeria in 2022:

1. India (130.0 kg)
2. Italy (80.0 kg)

Source: IndexBox Market Intelligence Platform