Price for Tube or Pipe Flanges of Stainless Steel in Nigeria - 2023
Contents:
- Price for Tube or Pipe Flanges of Stainless Steel in Nigeria (CIF) - 2022
- Price for Tube or Pipe Flanges of Stainless Steel in Nigeria (FOB) - 2022
- Imports of Tube or Pipe Flanges of Stainless Steel in Nigeria
- Exports of Tube or Pipe Flanges of Stainless Steel in Nigeria
Price for Tube or Pipe Flanges of Stainless Steel in Nigeria (CIF) - 2022
In 2022, the average import price for tube or pipe flanges of stainless steels amounted to $4,142 per ton, falling by -30.8% against the previous year. Overall, the import price continues to indicate a noticeable slump. The growth pace was the most rapid in 2018 an increase of 114%. The import price peaked at $8,863 per ton in 2014; however, from 2015 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 France ($25,595 per ton), while the price for China ($1,961 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Flanges of Stainless Steel in Nigeria (FOB) - 2022
In 2022, the average export price for tube or pipe flanges of stainless steels amounted to $6,478 per ton, growing by 262% against the previous year. Over the period under review, the export price showed strong growth. The most prominent rate of growth was recorded in 2018 an increase of 2,589% against the previous year. As a result, the export price reached the peak level of $14,502 per ton. From 2019 to 2022, the average 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 South Africa ($10,667 per ton), while the average price for exports to India amounted to $3,786 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tube or Pipe Flanges of Stainless Steel in Nigeria
In 2022, imports of tube or pipe flanges of stainless steels into Nigeria rose to 736 tons, with an increase of 1.5% on 2021. In general, imports, however, saw a noticeable contraction. The pace of growth was the most pronounced in 2020 when imports increased by 26%. As a result, imports attained the peak of 1K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of tube or pipe flanges of stainless steels declined notably to $3M in 2022. Over the period under review, imports, however, saw a abrupt decline. The growth pace was the most rapid in 2020 when imports increased by 31%. As a result, imports reached the peak of $5.1M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
Import of Tube or Pipe Flanges of Stainless Steel in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 863 | 376 | 1,391 | 1,370 | 16.7% |
China | 288 | 1,039 | 162 | 736 | 36.7% |
Italy | 364 | 951 | 408 | 474 | 9.2% |
United Kingdom | 273 | 260 | 152 | 88.3 | -31.4% |
United States | 123 | 67.9 | 1,476 | 49.9 | -26.0% |
France | 1,291 | 714 | 163 | 40.1 | -68.6% |
Netherlands | 94.6 | 883 | 56.8 | 14.5 | -46.5% |
Others | 568 | 793 | 529 | 275 | -21.5% |
Total | 3,866 | 5,084 | 4,337 | 3,048 | -7.6% |
Top Suppliers of Tube or Pipe Flanges of Stainless Steel to Nigeria in 2022:
- China (375.4 tons)
- India (296.0 tons)
- Italy (25.7 tons)
- United Kingdom (10.3 tons)
- United States (3.0 tons)
- Netherlands (1.6 tons)
- France (1.6 tons)
Exports of Tube or Pipe Flanges of Stainless Steel in Nigeria
Exports of tube or pipe flanges of stainless steels from Nigeria declined significantly to 23 kg in 2022, dropping by -99.5% against 2021 figures. In general, exports recorded a sharp descent. The most prominent rate of growth was recorded in 2021 when exports increased by 5,093% against the previous year. As a result, the exports attained the peak of 4.2 tons, and then declined markedly in the following year.
In value terms, exports of tube or pipe flanges of stainless steels plummeted to $149 in 2022. Over the period under review, exports continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2021 when exports increased by 874% against the previous year. As a result, the exports reached the peak of $7.5K, and then shrank dramatically in the following year.
Export of Tube or Pipe Flanges of Stainless Steel in Nigeria (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | N/A | N/A | N/A | 96.0 | 0% |
India | N/A | N/A | N/A | 53.0 | 0% |
Cote d'Ivoire | 614 | 429 | 5,162 | N/A | 190.0% |
Cameroon | N/A | 150 | 38.0 | N/A | -74.7% |
Egypt | N/A | N/A | 653 | N/A | 0% |
Angola | N/A | N/A | 1,057 | N/A | 0% |
Ghana | 444 | N/A | 616 | N/A | 17.8% |
Others | 351 | 194 | N/A | N/A | -44.7% |
Total | 1,409 | 773 | 7,526 | 149 | -52.7% |
Top Export Markets for Tube or Pipe Flanges of Stainless Steel from Nigeria in 2022:
- India (14.0 kg)
- South Africa (9.0 kg)
This report provides an in-depth analysis of the market for iron or steel tube fitting in Nigeria.
This report provides an in-depth analysis of the market for cast steel pipe fittings in Nigeria.
This report provides an in-depth analysis of the market for malleable cast iron pipe fittings in Nigeria.
This report provides an in-depth analysis of the market for non-malleable cast iron pipe fittings in Nigeria.
This report provides an in-depth analysis of the global market for iron or steel tube fitting.
Global Cast Steel Pipe Fittings Market Report 2018. This report provides an in-depth analysis of the global market for cast steel pipe fittings.
Global Market for Malleable Cast Iron Pipe Fittings. This report provides an in-depth analysis of the global market for malleable cast iron pipe fittings.
This report provides an in-depth analysis of the global market for non-malleable cast iron pipe fittings.
This report provides an in-depth analysis of the market for iron or steel tube fitting in Nigeria.
This report provides an in-depth analysis of the market for cast steel pipe fittings in Nigeria.
Discover the top import markets for iron or steel tube fittings and key statistics in this comprehensive article. Find out which countries lead the industry and their import values. Explore opportunities for exporters in the global market.
Global Steel Pipe Fitting Market: In 2017, the volume of the global steel tube fittings consumption stood at approx. X tons. After a noticeable contraction in 2009, the volume of consumption recovered over the next three years and then levelled of
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
In 2014, the U.S. (X%), and distantly Canada (X%), Germany (X%) and Japan (X%) were the leading destinations of steel tube fittings imports, together making up X% of global imports in physical terms. The share of the U.S. increased, while t
Discover the top import markets for iron or steel tube fittings and key statistics in this comprehensive article. Find out which countries lead the industry and their import values. Explore opportunities for exporters in the global market.
Global Steel Pipe Fitting Market: In 2017, the volume of the global steel tube fittings consumption stood at approx. X tons. After a noticeable contraction in 2009, the volume of consumption recovered over the next three years and then levelled of
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
In 2014, the U.S. (X%), and distantly Canada (X%), Germany (X%) and Japan (X%) were the leading destinations of steel tube fittings imports, together making up X% of global imports in physical terms. The share of the U.S. increased, while t