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Nigeria - Tube Or Pipe Fittings Of Non-Malleable Cast Iron - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Nigeria - 2023
Contents:
- Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Nigeria (CIF) - 2022
- Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Nigeria (FOB) - 2022
- Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Nigeria
- Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Nigeria
Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Nigeria (CIF) - 2022
The average import price for tube or pipe fittings of non-malleable cast iron stood at $2,487 per ton in 2022, rising by 19% against the previous year. Overall, the import price continues to indicate a prominent increase. The growth pace was the most rapid in 2013 an increase of 115%. The import price peaked at $4,077 per ton in 2014; however, from 2015 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 Germany ($7,070 per ton), while the price for China ($2,315 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Nigeria (FOB) - 2022
In 2022, the average export price for tube or pipe fittings of non-malleable cast iron amounted to $145 per ton, with a decrease of -70.5% against the previous year. In general, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 an increase of 655% against the previous year. Over the period under review, the average export prices attained the maximum at $5,058 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +736.2% per year.
Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Nigeria
In 2022, imports of tube or pipe fittings of non-malleable cast iron into Nigeria surged to 3.5K tons, picking up by 98% against the previous year. Overall, imports showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 547% against the previous year. As a result, imports reached the peak of 4.8K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of tube or pipe fittings of non-malleable cast iron soared to $8.7M in 2022. Over the period under review, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 229%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
Import of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 651 | 5,401 | 1,433 | 7,031 | 121.0% |
India | 83.2 | 252 | 457 | 753 | 108.4% |
United States | 198 | 29.0 | 43.6 | 306 | 15.6% |
Germany | 316 | 224 | 37.4 | 19.4 | -60.6% |
United Kingdom | 101 | 151 | 1,127 | 16.5 | -45.3% |
Others | 606 | 370 | 596 | 543 | -3.6% |
Total | 1,955 | 6,426 | 3,693 | 8,669 | 64.3% |
Top Suppliers of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron to Nigeria in 2022:
- China (3036.7 tons)
- India (302.0 tons)
- United States (68.8 tons)
- United Kingdom (3.1 tons)
- Germany (2.7 tons)
Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Nigeria
For the third consecutive year, Nigeria recorded decline in overseas shipments of tube or pipe fittings of non-malleable cast iron, which decreased by -83.8% to 1 tons in 2022. Overall, exports showed a dramatic shrinkage. The smallest decline of -8.1% was in 2021.
In value terms, exports of tube or pipe fittings of non-malleable cast iron reduced markedly to $145 in 2022. Over the period under review, exports showed a precipitous curtailment. The smallest decline of -35.6% was in 2020.
Export of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Niger | N/A | 2.1 | N/A | 0.1 | -78.2% |
Cote d'Ivoire | 8.3 | 2.3 | 0.9 | N/A | -67.1% |
Cameroon | N/A | N/A | 0.8 | N/A | 0% |
China | 6.5 | N/A | N/A | N/A | 0% |
United Arab Emirates | 30.7 | 0.3 | N/A | N/A | -99.0% |
Angola | N/A | 2.6 | N/A | N/A | 0% |
Others | 1.7 | 23.0 | 1.4 | N/A | -9.3% |
Total | 47.2 | 30.4 | 3.0 | 0.1 | -87.2% |
Top Export Markets for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron from Nigeria in 2022:
- Niger (1000.0 kg)
This report provides an in-depth analysis of the market for non-malleable cast iron pipe fittings in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Product coverage:
- Prodcom 24513030 - Tube or pipe fittings, of non-malleable cast iron
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Discover the top import markets for iron or steel tube fittings and key statistics in this comprehensive article. Find out which countries lead the industry and their import values. Explore opportunities for exporters in the global market.
Global Steel Pipe Fitting Market: In 2017, the volume of the global steel tube fittings consumption stood at approx. X tons. After a noticeable contraction in 2009, the volume of consumption recovered over the next three years and then levelled of
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
In 2014, the U.S. (X%), and distantly Canada (X%), Germany (X%) and Japan (X%) were the leading destinations of steel tube fittings imports, together making up X% of global imports in physical terms. The share of the U.S. increased, while t
Discover the top import markets for iron or steel tube fittings and key statistics in this comprehensive article. Find out which countries lead the industry and their import values. Explore opportunities for exporters in the global market.
Global Steel Pipe Fitting Market: In 2017, the volume of the global steel tube fittings consumption stood at approx. X tons. After a noticeable contraction in 2009, the volume of consumption recovered over the next three years and then levelled of
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
In 2014, the U.S. (X%), and distantly Canada (X%), Germany (X%) and Japan (X%) were the leading destinations of steel tube fittings imports, together making up X% of global imports in physical terms. The share of the U.S. increased, while t