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Nigeria - Welded Link Chain Of Iron Or Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Metal Welded Link Chain in Nigeria - 2022
Contents:
- Price for Metal Welded Link Chain in Nigeria (CIF) - 2022
- Price for Metal Welded Link Chain in Nigeria (FOB) - 2022
- Imports of Metal Welded Link Chain in Nigeria
- Exports of Metal Welded Link Chain in Nigeria
Price for Metal Welded Link Chain in Nigeria (CIF) - 2022
In 2022, the average metal welded link chain import price amounted to $2,419 per ton, increasing by 3.8% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 34% against the previous year. As a result, import price attained the peak level of $3,670 per ton. From 2017 to 2022, the average import prices remained 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 Turkey ($6,664 per ton), while the price for China ($1,670 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.1%), while the prices for the other major suppliers experienced a decline.
Price for Metal Welded Link Chain in Nigeria (FOB) - 2022
The average metal welded link chain export price stood at $3,649 per ton in 2022, flattening at the previous year. In general, the export price, however, continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2017 an increase of 78%. Over the period under review, the average export prices attained the peak figure at $3,690 per ton in 2021, and then contracted in the following year.
As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.
From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to +2.4% per year.
Imports of Metal Welded Link Chain in Nigeria
In 2022, approx. 194 tons of welded link chain of iron or steel were imported into Nigeria; waning by -60.8% against 2021. Over the period under review, imports recorded a sharp decrease. The pace of growth was the most pronounced in 2021 when imports increased by 129%.
In value terms, metal welded link chain imports reduced remarkably to $468K in 2022. In general, imports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2021 when imports increased by 106%.
Import of Metal Welded Link Chain in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 233 | 94.3 | 534 | 233 | 0.0% |
Spain | 2,110 | 247 | 296 | 76.2 | -66.9% |
Turkey | N/A | N/A | N/A | 19.8 | 0% |
Greece | 31.9 | 8.1 | 22.6 | 9.7 | -32.8% |
United Kingdom | 80.1 | 35.0 | 10.4 | 9.5 | -50.9% |
Others | 1,019 | 173 | 287 | 120 | -51.0% |
Total | 3,474 | 557 | 1,151 | 468 | -48.7% |
Top Suppliers of Metal Welded Link Chain to Nigeria in 2022:
- China (139.8 tons)
- Spain (31.4 tons)
- Greece (3.9 tons)
- Turkey (3.0 tons)
- United Kingdom (2.7 tons)
Exports of Metal Welded Link Chain in Nigeria
In 2022, approx. 791 kg of welded link chain of iron or steel were exported from Nigeria; almost unchanged from 2021 figures. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 128% against the previous year. As a result, the exports reached the peak of 1 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, metal welded link chain exports declined to $2.9K in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 238% against the previous year.
Export of Metal Welded Link Chain in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cote d'Ivoire | 0.9 | 0.8 | 2.9 | 2.9 | 47.7% |
Spain | N/A | 1.5 | N/A | N/A | 0% |
China | N/A | 0.6 | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 0.9 | 2.9 | 2.9 | 2.9 | 47.7% |
Top Export Markets for Metal Welded Link Chain from Nigeria in 2022:
- Cote d'Ivoire (791.0 kg)
This report provides an in-depth analysis of the market for metal welded link chain 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 2030.
Product coverage:
- Prodcom 25931724 - Welded link chain of iron or steel (excluding articulated link chain, skid chain and stud-link chain)
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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