Price for Powders of Pig Iron in Nigeria - 2021

Contents:

1. Price for Powders of Pig Iron in Nigeria (CIF) - 2022
2. Price for Powders of Pig Iron in Nigeria (FOB) - 2022
3. Imports of Powders of Pig Iron in Nigeria
4. Exports of Powders of Pig Iron in Nigeria

Price for Powders of Pig Iron in Nigeria (CIF) - 2022

The average powders of pig iron import price stood at $1,261 per ton in 2022, declining by -24.5% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 76% against the previous year. Over the period under review, average import prices reached the maximum at $3,440 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 ($4,346 per ton), while the price for China ($938 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Powders of Pig Iron in Nigeria (FOB) - 2022

The average powders of pig iron export price stood at $748 per ton in 2022, with an increase of 12% against the previous year. Overall, the export price, however, saw a abrupt descent. The pace of growth was the most pronounced in 2018 an increase of 160% against the previous year. The export price peaked at $5,900 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($868 per ton), while the average price for exports to South Africa ($46 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-9.9%), while the prices for the other major destinations experienced a decline.

Imports of Powders of Pig Iron in Nigeria

In 2022, powders of pig iron imports into Nigeria shrank to 95 tons, falling by -15% on 2021 figures. In general, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 386% against the previous year.

In value terms, powders of pig iron imports declined rapidly to $120K in 2022. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 253% against the previous year. As a result, imports reached the peak of $187K, and then dropped rapidly in the following year.

Top Suppliers of Powders of Pig Iron to Nigeria in 2022:

1. China (86.6 tons)
2. India (6.7 tons)
3. South Africa (2.1 tons)

Exports of Powders of Pig Iron in Nigeria

In 2022, shipments abroad of powders of pig ira decreased by -37.2% to 524 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 174% against the previous year. As a result, the exports attained the peak of 835 kg, and then fell remarkably in the following year.

In value terms, powders of pig iron exports declined significantly to $392 in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 147%. As a result, the exports attained the peak of $559, and then shrank remarkably in the following year.

Top Export Markets for Powders of Pig Iron from Nigeria in 2022:

1. China (437.0 kg)
2. South Africa (44.0 kg)
3. Ireland (22.0 kg)

Source: IndexBox Market Intelligence Platform