Price for Titanium; Articles Thereof, Including Waste and Scrap in Nigeria - 2023
Contents:
- Price for Titanium; Articles Thereof, Including Waste and Scrap in Nigeria (CIF) - 2022
- Price for Titanium; Articles Thereof, Including Waste and Scrap in Nigeria (FOB) - 2022
- Imports of Titanium; Articles Thereof, Including Waste and Scrap in Nigeria
- Exports of Titanium; Articles Thereof, Including Waste and Scrap in Nigeria
Price for Titanium; Articles Thereof, Including Waste and Scrap in Nigeria (CIF) - 2022
The average import price for titanium; articles thereof, including waste and scrap stood at $651 per ton in 2022, declining by -53.8% against the previous year. Overall, the import price saw a sharp downturn. The most prominent rate of growth was recorded in 2013 an increase of 628%. As a result, import price reached the peak level of $89,200 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
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 Arab Emirates ($2,582 per ton), while the price for the Netherlands ($436 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-7.8%), while the prices for the other major suppliers experienced a decline.
Price for Titanium; Articles Thereof, Including Waste and Scrap in Nigeria (FOB) - 2022
The average export price for titanium; articles thereof, including waste and scrap stood at $4,736 per ton in 2022, waning by -81% against the previous year. In general, the export price faced a deep slump. The growth pace was the most rapid in 2019 when the average export price increased by 1,736%. The export price peaked at $811,923 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +24.9% per year.
Imports of Titanium; Articles Thereof, Including Waste and Scrap in Nigeria
In 2022, approx. 140 tons of titanium; articles thereof, including waste and scrap were imported into Nigeria; growing by 21% against the previous year. In general, imports saw significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 485%. As a result, imports attained the peak of 285 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of titanium; articles thereof, including waste and scrap reduced notably to $91K in 2022. Over the period under review, imports, however, recorded a sharp decrease. The pace of growth was the most pronounced in 2020 when imports increased by 239% against the previous year. As a result, imports reached the peak of $845K. From 2021 to 2022, the growth of imports of remained at a lower figure.
Import of Titanium; Articles Thereof, Including Waste and Scrap in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | N/A | N/A | N/A | 45.6 | 0% |
China | 219 | 149 | 54.7 | 31.6 | -47.5% |
United States | 7.3 | 600 | 21.2 | 8.7 | 6.0% |
Germany | N/A | 59.8 | 2.4 | 2.6 | -79.1% |
United Arab Emirates | 20.2 | 7.6 | 22.4 | 1.8 | -55.3% |
India | 2.1 | 26.4 | 23.2 | N/A | 232.4% |
Others | 0.5 | 2.6 | 39.0 | 1.0 | 26.0% |
Total | 249 | 845 | 163 | 91.3 | -28.4% |
Top Suppliers of Titanium; Articles Thereof, Including Waste and Scrap to Nigeria in 2022:
- Netherlands (104.5 tons)
- China (18.8 tons)
- United States (8.0 tons)
- Germany (5.9 tons)
- United Arab Emirates (0.7 tons)
Exports of Titanium; Articles Thereof, Including Waste and Scrap in Nigeria
In 2022, after three years of growth, there was significant decline in shipments abroad of titanium; articles thereof, including waste and scrap, when their volume decreased by -68.6% to 216 kg. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,175%.
In value terms, exports of titanium; articles thereof, including waste and scrap shrank sharply to $1K in 2022. Overall, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 970% against the previous year. As a result, the exports reached the peak of $17K, and then contracted markedly in the following year.
Export of Titanium; Articles Thereof, Including Waste and Scrap in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | N/A | 1.2 | 3.3 | 1.0 | -8.7% |
Estonia | N/A | N/A | 0.4 | N/A | 0% |
Turkey | 0.4 | 0.4 | 0.6 | N/A | 22.5% |
Others | N/A | N/A | 12.7 | N/A | 0% |
Total | 0.4 | 1.6 | 17.1 | 1.0 | 35.7% |
Top Export Markets for Titanium; Articles Thereof, Including Waste and Scrap from Nigeria in 2022:
- Netherlands (216.0 kg)
This report provides an in-depth analysis of the titanium market in Nigeria.
This report provides an in-depth analysis of the aluminium and titanium market in Nigeria.
This report provides an in-depth analysis of the global titanium market.
This report provides an in-depth analysis of the global aluminium and titanium market.
This report provides an in-depth analysis of the titanium market in Nigeria.
This report provides an in-depth analysis of the global titanium market.
Discover the latest trends in the global titanium market as demand for titanium sponge, powders, ingots, and slabs continues to rise. Forecasted growth in market volume and value over the next seven years is expected to reach 701K tons and $10.7B respectively by 2030.
Titanium is a highly versatile and sought-after material in various industries, including aerospace, automotive, medical, and industrial applications. In this article, we explore the world's best import markets for titanium, highlighting key statistics. The United States is the largest importer of titanium, followed by China, the United Kingdom, France, and Italy. These countries have strong demand for titanium in their aerospace, automotive, and other industries, contributing to the growth of the global titanium market.
In value terms, titanium ores and concentrates imports totaled $X in 2016. Overall, titanium ores and concentrates imports continue to indicate a prominent expansion. In that year, global titanium ...
In value terms, titanium oxides imports amounted to $X in 2016. In general, titanium oxides imports continue to indicate a relatively flat trend pattern. Over the period under review, global titani...
In value terms, titanium imports totaled $X in 2016. Overall, it indicated a slight growth from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the last nine...
In value terms, titanium ores and concentrates exports stood at $X in 2016. Overall, titanium ores and concentrates exports continue to indicate a temperate increase. In that year, global titanium ...
In value terms, titanium oxides exports totaled $X in 2016. Overall, titanium oxides exports continue to indicate a temperate reduction. In that year, global titanium oxides exports attained its ma...
In value terms, titanium exports amounted to $X in 2016. Overall, titanium exports continue to indicate a relatively flat trend pattern. Global titanium export peaked of $X in 2012; however, fro...
The global titanium trade fluctuated over the period under review, with a slight downward trend in the last three years. Exports amounted to X million USD in 2015. Overall, there was an annual increase of +X% from 2007 to 2015.
Discover the latest trends in the global titanium market as demand for titanium sponge, powders, ingots, and slabs continues to rise. Forecasted growth in market volume and value over the next seven years is expected to reach 701K tons and $10.7B respectively by 2030.