Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Nigeria - 2023
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Nigeria (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Nigeria (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Nigeria
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Nigeria
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Nigeria (CIF) - 2022
In 2022, the average import price for tube or pipe butt welding fittings of stainless steels amounted to $8,167 per ton, picking up by 69% against the previous year. Overall, the import price, however, saw a abrupt decline. The pace of growth was the most pronounced in 2015 when the average import price increased by 90% against the previous year. Over the period under review, average import prices hit record highs at $19,515 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($34,998 per ton), while the price for China ($3,338 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Nigeria (FOB) - 2022
The average export price for tube or pipe butt welding fittings of stainless steels stood at $77,474 per ton in 2021, picking up by 5.3% against the previous year. Overall, the export price continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 25,999%. The export price peaked in 2021 and is likely to see steady growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.
From 2012 to 2021, the rate of growth in terms of prices for Ghana amounted to +157.1% per year.
Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Nigeria
In 2022, the amount of tube or pipe butt welding fittings of stainless steels imported into Nigeria skyrocketed to 1.1K tons, jumping by 20% compared with 2021 figures. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 855%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of tube or pipe butt welding fittings of stainless steels surged to $8.7M in 2022. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 935% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Tube or Pipe Butt Welding Fittings of Stainless Steel in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | 14.5 | N/A | 6,061 | 1944.5% |
| India | 591 | 34.0 | 3,653 | 877 | 14.1% |
| Italy | 44.8 | 2.5 | 36.9 | 676 | 147.1% |
| France | 2.8 | 135 | 1.0 | 564 | 486.2% |
| Thailand | 34.4 | 0.9 | N/A | 157 | 65.9% |
| China | 16.5 | 143 | 392 | 65.1 | 58.0% |
| Others | 34.1 | 86.2 | 221 | 338 | 114.8% |
| Total | 724 | 416 | 4,304 | 8,738 | 129.4% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to Nigeria in 2022:
- South Korea (800.1 tons)
- India (104.1 tons)
- Italy (78.5 tons)
- Thailand (27.1 tons)
- China (19.5 tons)
- France (16.1 tons)
Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Nigeria
In 2021, approx. 19 kg of tube or pipe butt welding fittings of stainless steels were exported from Nigeria; rising by 280% against the year before. Overall, exports, however, continue to indicate a sharp reduction.
In value terms, exports of tube or pipe butt welding fittings of stainless steels soared to $1.5K in 2021. In general, exports, however, saw a abrupt decrease.
| Export of Tube or Pipe Butt Welding Fittings of Stainless Steel in Nigeria (USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Cote d'Ivoire | 1,604 | 368 | 1,472 | -4.2% |
| Burundi | 34.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0% |
| Total | 1,638 | 368 | 1,472 | -5.2% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from Nigeria in 2022:
- Cote d'Ivoire (19.0 kg)
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