Price for Nickel; Unwrought, Not Alloyed in Nigeria - 2022
Contents:
- Price for Nickel; Unwrought, Not Alloyed in Nigeria (CIF) - 2022
- Imports of Nickel; Unwrought, Not Alloyed in Nigeria
Price for Nickel; Unwrought, Not Alloyed in Nigeria (CIF) - 2022
The average nickel; unwrought, not alloyed import price stood at $25,549 per ton in 2022, reducing by -13.9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 27%. As a result, import price attained the peak level of $29,662 per ton, and then fell in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($37,823 per ton), while the price for the UK ($9,848 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Nickel; Unwrought, Not Alloyed in Nigeria
Nickel; unwrought, not alloyed imports into Nigeria soared to 5.2 tons in 2022, with an increase of 45% against 2021 figures. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 126% against the previous year. As a result, imports attained the peak of 6.9 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, nickel; unwrought, not alloyed imports surged to $134K in 2022. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 184%. As a result, imports attained the peak of $161K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Nickel; Unwrought, Not Alloyed in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 22.9 | 54.7 | 3.1 | 38.1 | 18.5% |
| India | 6.6 | 21.4 | 39.3 | 30.9 | 67.3% |
| United Kingdom | 9.9 | 10.0 | 3.5 | 10.6 | 2.3% |
| Netherlands | 6.9 | 10.0 | 8.8 | 8.0 | 5.1% |
| South Africa | 2.9 | N/A | N/A | N/A | 0% |
| Others | 7.5 | 64.7 | 52.2 | 46.2 | 83.3% |
| Total | 56.6 | 161 | 107 | 134 | 33.3% |
Top Suppliers of Nickel; Unwrought, Not Alloyed to Nigeria in 2022:
- United Kingdom (1.1 tons)
- France (1.1 tons)
- India (0.8 tons)
- Netherlands (0.5 tons)
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This report provides an in-depth analysis of the nickel market in Nigeria.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the nickel market in Nigeria.
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This report provides an in-depth analysis of the nickel market in Nigeria.
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This report provides an in-depth analysis of the global nickel market.
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This report provides an in-depth analysis of the global nickel market.
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Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
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Discover the top import markets for nickel in the world based on 2023 data. Explore the countries driving demand for nickel across various industries.
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Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
887
Global nickel imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. The total import volume increased at an average annual rate of +X% fro...
1022
Canada continued to dominate in the global unwrought nickel trade. In 2014, Canada exported X thousand tons of unwrought nickel totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X%
