Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Nigeria - 2023
Contents:
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Nigeria (CIF) - 2022
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Nigeria (FOB) - 2022
- Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Nigeria
- Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Nigeria
Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Nigeria (CIF) - 2022
The average import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $3,247 per ton in 2022, falling by -5.9% against the previous year. Over the period under review, the import price, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2014 an increase of 394%. Over the period under review, average import prices reached the peak figure at $15,056 per ton in 2016; however, from 2017 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 United States ($21,786 per ton), while the price for China ($1,944 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+29.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Nigeria (FOB) - 2022
In 2022, the average export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $2,756 per ton, which is down by -65.3% against the previous year. Over the period under review, the export price, however, continues to indicate a strong increase. The growth pace was the most rapid in 2013 when the average export price increased by 648%. The export price peaked at $43,734 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($32,575 per ton), while the average price for exports to Togo ($494 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (+53.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Nigeria
In 2022, approx. 787 tons of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s were imported into Nigeria; jumping by 58% on 2021. In general, imports recorded a tangible expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s surged to $2.6M in 2022. Overall, total imports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +2.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 457 | 201 | 266 | 1,169 | 36.8% |
| United Kingdom | 157 | 69.2 | 34.7 | 485 | 45.6% |
| Germany | 206 | 325 | 174 | 226 | 3.1% |
| Italy | 182 | 65.9 | 1,033 | 83.4 | -22.9% |
| India | 2.8 | 0.8 | 5.8 | 75.4 | 199.7% |
| Turkey | 76.7 | 247 | 3.7 | 10.0 | -49.3% |
| Others | 1,288 | 452 | 198 | 507 | -26.7% |
| Total | 2,369 | 1,360 | 1,715 | 2,555 | 2.6% |
Top Suppliers of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to Nigeria in 2022:
- China (601.4 tons)
- United Kingdom (70.9 tons)
- Germany (33.0 tons)
- India (20.7 tons)
- Italy (16.0 tons)
- Turkey (2.0 tons)
Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Nigeria
In 2022, overseas shipments of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s were finally on the rise to reach 1.7 tons after two years of decline. Over the period under review, exports, however, saw a dramatic contraction.
In value terms, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s rose significantly to $4.7K in 2022. In general, exports, however, showed a dramatic slump.
| Export of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Angola | N/A | N/A | N/A | 2.4 | 0% |
| Singapore | N/A | N/A | N/A | 1.1 | 0% |
| Togo | N/A | N/A | N/A | 0.6 | 0% |
| Benin | 0.3 | 1.8 | 0.4 | 0.5 | 18.6% |
| Cote d'Ivoire | 3.6 | 2.9 | 1.0 | N/A | -47.3% |
| Niger | 5.4 | 0.7 | N/A | N/A | -87.0% |
| Democratic Republic of the Congo | N/A | 2.2 | N/A | N/A | 0% |
| Egypt | N/A | N/A | 2.4 | N/A | 0% |
| Others | N/A | 0.1 | 0.3 | 0.2 | 41.4% |
| Total | 9.3 | 7.6 | 4.1 | 4.7 | -20.3% |
Top Export Markets for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from Nigeria in 2022:
- Togo (1200.0 kg)
- Benin (350.0 kg)
- Angola (73.0 kg)
- Singapore (69.0 kg)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Nigeria.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
