Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Nigeria - 2023
Contents:
- Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Nigeria (CIF) - 2022
- Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Nigeria (FOB) - 2022
- Imports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Nigeria
- Exports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Nigeria
Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Nigeria (CIF) - 2022
In 2022, the average import price for insulated electric conductors for a voltage under 1000 v, fitted with connectors amounted to $7,833 per ton, with a decrease of -26.3% against the previous year. Over the period under review, the import price, however, recorded resilient growth. The growth pace was the most rapid in 2014 an increase of 198%. Over the period under review, average import prices hit record highs at $34,078 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
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 ($127,265 per ton), while the price for India ($3,331 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Nigeria (FOB) - 2022
In 2022, the average export price for insulated electric conductors for a voltage under 1000 v, fitted with connectors amounted to $2,588 per ton, reducing by -54.8% against the previous year. In general, the export price showed a precipitous curtailment. The pace of growth was the most pronounced in 2015 when the average export price increased by 352% against the previous year. As a result, the export price attained the peak level of $56,302 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($41,000 per ton), while the average price for exports to Angola ($2,199 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 Mexico (+9.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Nigeria
In 2022, supplies from abroad of insulated electric conductors for a voltage under 1000 v, fitted with connectors decreased by -7.3% to 1.3K tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a noticeable setback. The growth pace was the most rapid in 2020 with an increase of 34% against the previous year. As a result, imports reached the peak of 1.9K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of insulated electric conductors for a voltage under 1000 v, fitted with connectors dropped markedly to $9.7M in 2022. Over the period under review, imports continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2020 when imports increased by 43% against the previous year. As a result, imports reached the peak of $16M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.5 | 8.1 | 7.3 | 2.9 | -6.1% |
| India | 1.2 | 0.1 | 0.4 | 1.2 | 0.0% |
| United Kingdom | 0.8 | 0.7 | 0.4 | 0.9 | 4.0% |
| United States | 1.1 | 0.6 | 1.3 | 0.8 | -10.1% |
| Germany | 0.6 | 0.6 | 0.8 | 0.8 | 10.1% |
| Lebanon | N/A | N/A | N/A | 0.4 | 0% |
| Sweden | 1.8 | 0.7 | 0.3 | 0.4 | -39.4% |
| Poland | 0.5 | 2.2 | 1.1 | 0.1 | -41.5% |
| Others | 1.5 | 3.1 | 3.2 | 2.3 | 15.3% |
| Total | 11.2 | 16.1 | 14.7 | 9.7 | -4.7% |
Top Suppliers of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors to Nigeria in 2022:
- China (706.9 tons)
- India (365.4 tons)
- United Kingdom (68.6 tons)
- Germany (23.2 tons)
- Lebanon (20.5 tons)
- Sweden (18.6 tons)
- United States (6.6 tons)
- Poland (4.0 tons)
Exports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Nigeria
In 2022, after three years of growth, there was significant decline in overseas shipments of insulated electric conductors for a voltage under 1000 v, fitted with connectors, when their volume decreased by -48.1% to 12 tons. Overall, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 154%.
In value terms, exports of insulated electric conductors for a voltage under 1000 v, fitted with connectors shrank dramatically to $68K in 2022. Over the period under review, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 67%. As a result, the exports reached the peak of $216K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | N/A | N/A | 21.1 | 0% |
| Benin | 10.6 | 22.9 | 13.7 | 12.2 | 4.8% |
| Netherlands | 19.7 | 1.2 | 8.2 | 7.1 | -28.8% |
| Denmark | N/A | N/A | N/A | 5.9 | 0% |
| Angola | N/A | 1.5 | N/A | 5.4 | 89.7% |
| Ghana | 3.5 | N/A | 27.7 | 4.2 | 6.3% |
| United Kingdom | N/A | N/A | N/A | 3.6 | 0% |
| Cote d'Ivoire | 56.8 | 32.6 | 71.3 | 1.2 | -72.4% |
| Uganda | 0.2 | 132 | N/A | N/A | 65900.0% |
| Others | 38.6 | 25.6 | 7.2 | 6.9 | -43.7% |
| Total | 129 | 216 | 128 | 67.6 | -19.4% |
Top Export Markets for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors from Nigeria in 2022:
- South Korea (3.8 tons)
- Angola (2.5 tons)
- Ghana (1.7 tons)
- Netherlands (1.4 tons)
- Benin (1.1 tons)
- United Kingdom (0.3 tons)
- Denmark (0.2 tons)
- Cote d'Ivoire (0.1 tons)
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