Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in Nigeria - 2023
Contents:
- Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in Nigeria (CIF) - 2022
- Imports of Cupro-Nickel and Nickel Silver Tubes and Pipes in Nigeria
Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in Nigeria (CIF) - 2022
The average import price for tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) stood at $2,718 per ton in 2021, declining by -47.3% against the previous year. Over the period under review, the import price, however, posted a strong increase. The pace of growth appeared the most rapid in 2014 when the average import price increased by 1,985% against the previous year. The import price peaked at $39,564 per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2013 to 2021, the rate of growth in terms of prices for France amounted to +9.0% per year.
Imports of Cupro-Nickel and Nickel Silver Tubes and Pipes in Nigeria
In 2021, imports of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) into Nigeria dropped rapidly to 900 kg, which is down by -77.8% compared with the year before. In general, imports saw a sharp contraction. The smallest decline of -42% was in 2020.
In value terms, imports of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) contracted notably to $2.4K in 2021. Overall, imports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 188%. As a result, imports attained the peak of $21K, and then shrank markedly in the following year.
| Import of Cupro-Nickel and Nickel Silver Tubes and Pipes in Nigeria (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| China | 7.3 | 7.2 | 2.4 | -42.7% |
| Denmark | N/A | 7.0 | N/A | 0% |
| United States | N/A | 6.8 | N/A | 0% |
| Others | N/A | N/A | N/A | 0% |
| Total | 7.3 | 21.0 | 2.4 | -42.7% |
Top Suppliers of Tubes and Pipes of Copper-Nickel Base Alloys (Cupro-Nickel) or Copper-Nickel-Zinc Base Alloys (Nickel Silver) to Nigeria in 2022:
- China (900.0 kg)
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