Price for Nickel; Wire, of Nickel Alloys in Nigeria - 2022
Contents:
- Price for Nickel; Wire, of Nickel Alloys in Nigeria (CIF) - 2022
- Imports of Nickel; Wire, of Nickel Alloys in Nigeria
Price for Nickel; Wire, of Nickel Alloys in Nigeria (CIF) - 2022
The average import price for nickel; wire, of nickel alloyses stood at $73,941 per ton in 2022, waning by -36.3% against the previous year. In general, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 110%. The import price peaked at $173,654 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($591,312 per ton), while the price for Germany ($41,037 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+27.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Nickel; Wire, of Nickel Alloys in Nigeria
In 2022, the amount of nickel; wire, of nickel alloyses imported into Nigeria skyrocketed to 227 kg, increasing by 177% compared with the year before. In general, imports showed a prominent increase.
In value terms, nickel; wire, of nickel alloys imports soared to $17K in 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 165%. As a result, imports reached the peak of $24K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Nickel; Wire, of Nickel Alloys in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.7 | 6.8 | 4.4 | 7.0 | 23.7% |
| China | 3.2 | 8.5 | 0.8 | 3.5 | 3.0% |
| Japan | 0.7 | 2.1 | 1.9 | 2.8 | 58.7% |
| France | 0.4 | 0.7 | 0.7 | 1.1 | 40.1% |
| India | 0.4 | 0.2 | 0.3 | 0.6 | 14.5% |
| Others | 0.7 | 5.7 | 1.4 | 1.8 | 37.0% |
| Total | 9.1 | 24.0 | 9.5 | 16.8 | 22.7% |
Top Suppliers of Nickel; Wire, of Nickel Alloys to Nigeria in 2022:
- Germany (171.0 kg)
- China (40.0 kg)
- Japan (7.0 kg)
- France (5.0 kg)
- India (1.0 kg)
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