Price for Copper; Powders of Lamellar Structure, Flakes in Nigeria - 2023

Contents:

  1. Price for Copper; Powders of Lamellar Structure, Flakes in Nigeria (FOB) - 2022
  2. Price for Copper; Powders of Lamellar Structure, Flakes in Nigeria (CIF) - 2022
  3. Exports of Copper; Powders of Lamellar Structure, Flakes in Nigeria
  4. Imports of Copper; Powders of Lamellar Structure, Flakes in Nigeria

Price for Copper; Powders of Lamellar Structure, Flakes in Nigeria (FOB) - 2022

In 2022, the average export price for copper; powders of lamellar structure, flakeses amounted to $1,187 per ton, reducing by -24.9% against the previous year. Over the period under review, the export price faced a abrupt shrinkage. The export price peaked at $6,844 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($1,619 per ton), while the average price for exports to Malaysia stood at $768 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+2.5%).

Price for Copper; Powders of Lamellar Structure, Flakes in Nigeria (CIF) - 2022

The average import price for copper; powders of lamellar structure, flakeses stood at $2,588 per ton in 2022, falling by -42% against the previous year. Over the period under review, the import price showed a deep contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 125% against the previous year. Over the period under review, average import prices reached the maximum at $17,054 per ton in 2018; however, from 2019 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 China ($9,478 per ton), while the price for Germany ($1,712 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Copper; Powders of Lamellar Structure, Flakes in Nigeria

In 2022, the amount of copper; powders of lamellar structure, flakeses exported from Nigeria amounted to 151 tons, approximately reflecting the previous year's figure. Overall, exports, however, continue to indicate a precipitous descent.

In value terms, exports of copper; powders of lamellar structure, flakeses declined sharply to $179K in 2022. Over the period under review, exports, however, faced a sharp decline.

Export of Copper; Powders of Lamellar Structure, Flakes in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
SpainN/AN/A236120-49.2%
MalaysiaN/AN/AN/A58.70%
South Korea1,664N/AN/AN/A0%
Japan861N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total2,524N/A236179-58.6%

Top Export Markets for Copper; Powders of Lamellar Structure, Flakes from Nigeria in 2022:

  1. Malaysia (76.5 tons)
  2. Spain (74.2 tons)

Imports of Copper; Powders of Lamellar Structure, Flakes in Nigeria

In 2022, the amount of copper; powders of lamellar structure, flakeses imported into Nigeria surged to 10 tons, picking up by 28% on 2021 figures. In general, imports, however, saw a perceptible descent. The pace of growth was the most pronounced in 2020 when imports increased by 569%. As a result, imports attained the peak of 80 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of copper; powders of lamellar structure, flakeses skyrocketed to $53K in 2022. Overall, imports, however, faced a abrupt setback. The growth pace was the most rapid in 2020 when imports increased by 436% against the previous year. As a result, imports reached the peak of $461K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Copper; Powders of Lamellar Structure, Flakes in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil42.333620.536.2-5.1%
Germany41.911813.47.7-43.1%
India0.14.20.74.9265.9%
China1.83.01.02.15.3%
OthersN/AN/AN/A2.10%
Total86.146135.753.1-14.9%

Top Suppliers of Copper; Powders of Lamellar Structure, Flakes to Nigeria in 2022:

  1. Brazil (4.7 tons)
  2. Germany (4.5 tons)
  3. India (0.7 tons)
  4. China (0.2 tons)

Source: IndexBox Market Intelligence Platform

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