Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Nigeria - 2022
Contents:
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Nigeria (CIF) - 2022
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Nigeria (FOB) - 2022
- Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Nigeria
- Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Nigeria
Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Nigeria (CIF) - 2022
The average import price for press-fasteners, snap-fasteners, press-studs and parts therefor stood at $2,989 per ton in 2022, with a decrease of -11.2% against the previous year. Over the period under review, the import price saw a drastic downturn. The pace of growth was the most pronounced in 2014 an increase of 87% against the previous year. As a result, import price reached the peak level of $28,899 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($55,105 per ton), while the price for China amounted to $2,958 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+34.9%).
Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Nigeria (FOB) - 2022
The average export price for press-fasteners, snap-fasteners, press-studs and parts therefor stood at $1,471 per ton in 2022, shrinking by -9.1% against the previous year. In general, the export price, however, continues to indicate a modest expansion. The pace of growth appeared the most rapid in 2015 an increase of 111% against the previous year. The export price peaked at $3,119 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Angola.
From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to +38.9% per year.
Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Nigeria
Imports of press-fasteners, snap-fasteners, press-studs and parts therefor into Nigeria soared to 53 tons in 2022, increasing by 276% on the previous year's figure. Overall, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of press-fasteners, snap-fasteners, press-studs and parts therefor soared to $159K in 2022. In general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 71.8 | 72.9 | 45.8 | 157 | 29.8% |
| Others | 1.2 | 1.9 | 1.7 | 1.8 | 14.5% |
| Total | 73.0 | 74.8 | 47.5 | 159 | 29.6% |
Top Suppliers of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor to Nigeria in 2022:
- China (53.0 tons)
Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Nigeria
In 2022, the amount of press-fasteners, snap-fasteners, press-studs and parts therefor exported from Nigeria reduced remarkably to 17 kg, with a decrease of -99.4% compared with the year before. Over the period under review, exports continue to indicate a sharp slump. The pace of growth appeared the most rapid in 2021 when exports increased by 565%. As a result, the exports reached the peak of 3.1 tons, and then dropped rapidly in the following year.
In value terms, exports of press-fasteners, snap-fasteners, press-studs and parts therefor contracted dramatically to $25 in 2022. In general, exports recorded a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 625% against the previous year. As a result, the exports attained the peak of $5K, and then fell sharply in the following year.
| Export of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burkina Faso | N/A | N/A | 1.0 | N/A | 0% |
| Angola | N/A | N/A | N/A | N/A | 0% |
| Congo | 0.9 | 0.7 | 3.8 | N/A | 105.5% |
| Others | 0.1 | N/A | 0.2 | N/A | 41.4% |
| Total | 1.0 | 0.7 | 5.0 | N/A | 123.6% |
Top Export Markets for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor from Nigeria in 2022:
- Angola (17.0 kg)
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