Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Nigeria - 2022
Contents:
- Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Nigeria (CIF) - 2022
- Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Nigeria
Price for Nickel; Bars, Rods and Profiles, of Nickel Alloys in Nigeria (CIF) - 2022
In 2022, the average import price for nickel; bars, rods and profiles, of nickel alloyses amounted to $62,113 per ton, declining by -2.4% against the previous year. Over the period under review, the import price, however, enjoyed a strong increase. The growth pace was the most rapid in 2013 an increase of 94%. The import price peaked at $63,640 per ton in 2021, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($198,368 per ton), while the price for India ($40,953 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+56.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Nigeria
Imports of nickel; bars, rods and profiles, of nickel alloyses into Nigeria skyrocketed to 549 kg in 2022, growing by 208% on 2021. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of nickel; bars, rods and profiles, of nickel alloyses skyrocketed to $34K in 2022. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 272%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Nickel; Bars, Rods and Profiles, of Nickel Alloys in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | 0.1 | 18.4 | 18300.0% |
| United Kingdom | N/A | N/A | 3.4 | 13.5 | 297.1% |
| United Arab Emirates | N/A | N/A | 0.6 | 1.3 | 116.7% |
| Switzerland | N/A | N/A | N/A | 1.0 | 0% |
| China | 0.1 | 0.1 | 1.2 | N/A | 246.4% |
| Denmark | 3.1 | 2.6 | N/A | N/A | -16.1% |
| Others | 0.3 | 0.4 | 5.9 | N/A | 343.5% |
| Total | 3.6 | 3.0 | 11.3 | 34.1 | 111.6% |
Top Suppliers of Nickel; Bars, Rods and Profiles, of Nickel Alloys to Nigeria in 2022:
- India (449.0 kg)
- United Kingdom (68.0 kg)
- United Arab Emirates (21.0 kg)
- Switzerland (11.0 kg)
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