Price for Tube or Pipe Flanges, Other than Stainless Steel in Nigeria - 2023
Contents:
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Nigeria (CIF) - 2022
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Nigeria (FOB) - 2022
- Imports of Tube or Pipe Flanges, Other than Stainless Steel in Nigeria
- Exports of Tube or Pipe Flanges, Other than Stainless Steel in Nigeria
Price for Tube or Pipe Flanges, Other than Stainless Steel in Nigeria (CIF) - 2022
The average import price for tube or pipe flanges, other than stainless steels stood at $2,567 per ton in 2022, reducing by -53.2% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2018 an increase of 38% against the previous year. The import price peaked at $7,643 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 ($59,776 per ton), while the price for China ($1,348 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 States (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Flanges, Other than Stainless Steel in Nigeria (FOB) - 2022
The average export price for tube or pipe flanges, other than stainless steels stood at $4,310 per ton in 2022, dropping by -3.9% against the previous year. In general, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by 265%. As a result, the export price attained the peak level of $33,364 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
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 Ghana ($9,364 per ton), while the average price for exports to Angola ($2,500 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 Sierra Leone (+50.5%), while the prices for the other major destinations experienced a decline.
Imports of Tube or Pipe Flanges, Other than Stainless Steel in Nigeria
In 2022, the amount of tube or pipe flanges, other than stainless steels imported into Nigeria surged to 6.6K tons, with an increase of 355% against the previous year. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of tube or pipe flanges, other than stainless steels soared to $17M in 2022. Overall, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Tube or Pipe Flanges, Other than Stainless Steel in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.4 | 1.3 | 0.8 | 7.0 | 42.9% |
Italy | 0.8 | 1.5 | 1.4 | 2.6 | 48.1% |
India | 0.9 | 0.3 | 0.4 | 1.2 | 10.1% |
France | 0.8 | 1.2 | 1.6 | 1.1 | 11.2% |
United Kingdom | 0.4 | 1.7 | 0.7 | 1.1 | 40.1% |
Netherlands | 0.2 | 0.2 | 0.1 | 0.8 | 58.7% |
United Arab Emirates | N/A | 0.4 | N/A | 0.2 | -29.3% |
South Korea | 0.5 | 0.5 | 0.2 | 0.2 | -26.3% |
Others | 1.3 | 3.8 | 2.7 | 2.6 | 26.0% |
Total | 7.3 | 11.0 | 7.9 | 16.9 | 32.3% |
Top Suppliers of Tube or Pipe Flanges, Other than Stainless Steel to Nigeria in 2022:
- China (5195.6 tons)
- India (350.7 tons)
- Italy (319.1 tons)
- Netherlands (166.4 tons)
- France (122.9 tons)
- South Korea (69.3 tons)
- United Arab Emirates (55.1 tons)
- United Kingdom (25.7 tons)
Exports of Tube or Pipe Flanges, Other than Stainless Steel in Nigeria
In 2022, exports of tube or pipe flanges, other than stainless steels from Nigeria declined remarkably to 87 kg, with a decrease of -84.9% compared with 2021 figures. Over the period under review, exports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 1,645%. As a result, the exports reached the peak of 576 kg, and then contracted sharply in the following year.
In value terms, exports of tube or pipe flanges, other than stainless steels dropped rapidly to $375 in 2022. Overall, exports faced a sharp downturn. The pace of growth was the most pronounced in 2021 with an increase of 135% against the previous year. As a result, the exports attained the peak of $2.6K, and then reduced notably in the following year.
Export of Tube or Pipe Flanges, Other than Stainless Steel in Nigeria (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 133 | N/A | N/A | 262 | 25.4% |
Ghana | N/A | N/A | 847 | 103 | -87.8% |
Angola | N/A | N/A | N/A | 10.0 | 0% |
Benin | N/A | N/A | 1,462 | N/A | 0% |
Cote d'Ivoire | 1,331 | 761 | N/A | N/A | -42.8% |
Niger | 435 | 340 | N/A | N/A | -21.8% |
Others | N/A | N/A | 275 | N/A | 0% |
Total | 1,899 | 1,101 | 2,584 | 375 | -41.8% |
Top Export Markets for Tube or Pipe Flanges, Other than Stainless Steel from Nigeria in 2022:
- Netherlands (72.0 kg)
- Ghana (11.0 kg)
- Angola (4.0 kg)
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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...
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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