Price for Metal-Rolling Mills; Hot or Combination Hot and Cold Rolling Mills in Nigeria - 2022
Contents:
- Price for Metal-Rolling Mills; Hot or Combination Hot and Cold Rolling Mills in Nigeria (CIF) - 2022
- Imports of Metal-Rolling Mills; Hot or Combination Hot and Cold Rolling Mills in Nigeria
Price for Metal-Rolling Mills; Hot or Combination Hot and Cold Rolling Mills in Nigeria (CIF) - 2022
The average import price for metal-rolling mills; hot or combination hot and cold rolling millses stood at $21,391 per unit in 2022, rising by 32% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for metal-rolling mills; hot or combination hot and cold rolling millses increased by +88.0% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($26,896 per unit), while the price for Turkey ($3,814 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Metal-Rolling Mills; Hot or Combination Hot and Cold Rolling Mills in Nigeria
In 2022, purchases abroad of metal-rolling mills; hot or combination hot and cold rolling millses decreased by -38.6% to 383 units, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 150% against the previous year. As a result, imports attained the peak of 2.8K units. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of metal-rolling mills; hot or combination hot and cold rolling millses dropped significantly to $8.2M in 2022. Overall, imports showed a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 173% against the previous year. As a result, imports attained the peak of $35M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Metal-Rolling Mills; Hot or Combination Hot and Cold Rolling Mills in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1.4 | 3.7 | 2.6 | 2.6 | 22.9% |
| India | 3.3 | 10.0 | 3.1 | 2.5 | -8.8% |
| Lebanon | 2.5 | 3.4 | 2.1 | 1.9 | -8.7% |
| China | 4.0 | 16.1 | 1.8 | 0.8 | -41.5% |
| Taiwan (Chinese) | 1.1 | 0.9 | 0.2 | 0.2 | -43.3% |
| Turkey | N/A | N/A | N/A | N/A | 0% |
| Others | 0.4 | 0.5 | 0.3 | 0.2 | -20.6% |
| Total | 12.7 | 34.6 | 10.1 | 8.2 | -13.6% |
Top Suppliers of Metal-Rolling Mills; Hot or Combination Hot and Cold Rolling Mills to Nigeria in 2022:
- India (128.0 units)
- Thailand (112.0 units)
- Lebanon (81.0 units)
- China (29.0 units)
- Turkey (12.0 units)
- Taiwan (Chinese) (7.0 units)
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