Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Nigeria - 2023

Contents:

  1. Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Nigeria (CIF) - 2022
  2. Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Nigeria (FOB) - 2022
  3. Imports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Nigeria
  4. Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Nigeria

Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Nigeria (CIF) - 2022

The average import price for tube or pipe threaded elbows, bends and sleeves of stainless steels stood at $2,261 per ton in 2022, reducing by -79.6% against the previous year. Over the period under review, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2021 an increase of 108% against the previous year. Over the period under review, average import prices reached the maximum at $14,099 per ton in 2015; however, from 2016 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 Singapore ($57,166 per ton), while the price for China ($637 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 (+34.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Nigeria (FOB) - 2022

In 2022, the average export price for tube or pipe threaded elbows, bends and sleeves of stainless steels amounted to $87,145 per ton, stabilizing at the previous year. Over the period under review, the export price saw strong growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 1,619%. As a result, the export price attained the peak level of $136,909 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($213,611 per ton), while the average price for exports to Ghana stood at $42,960 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+79.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Nigeria

In 2022, the amount of tube or pipe threaded elbows, bends and sleeves of stainless steels imported into Nigeria soared to 440 tons, rising by 55% against the previous year. Over the period under review, imports posted significant growth. The growth pace was the most rapid in 2020 with an increase of 83% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, imports of tube or pipe threaded elbows, bends and sleeves of stainless steels reduced notably to $995K in 2022. Overall, imports, however, recorded a sharp setback. The pace of growth was the most pronounced in 2021 with an increase of 51%. As a result, imports attained the peak of $3.1M, and then shrank dramatically in the following year.

Import of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China72.114710325552.4%
United States3432712,018121-29.3%
India25.087.384.410259.8%
Germany39619128582.7-40.7%
Austria0.427.712.264.5444.3%
Italy74.666822426.3-29.4%
United Kingdom41125.267.922.7-61.9%
GreeceN/A135N/AN/A0%
Egypt16396.6N/AN/A-40.7%
Others1,262427349321-36.6%
Total2,7472,0753,143995-28.7%

Top Suppliers of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel to Nigeria in 2022:

  1. China (400.3 tons)
  2. Germany (7.0 tons)
  3. Austria (6.7 tons)
  4. India (4.7 tons)
  5. Italy (2.8 tons)
  6. United States (2.7 tons)
  7. United Kingdom (2.5 tons)

Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Nigeria

In 2022, approx. 69 kg of tube or pipe threaded elbows, bends and sleeves of stainless steels were exported from Nigeria; with an increase of 97% compared with the year before. Overall, exports, however, continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 250% against the previous year.

In value terms, exports of tube or pipe threaded elbows, bends and sleeves of stainless steels soared to $6K in 2022. Over the period under review, exports showed a perceptible expansion. The most prominent rate of growth was recorded in 2021 with an increase of 405%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Export of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
AngolaN/A0.1N/A3.8516.4%
Ghana0.3N/A1.92.191.3%
Cote d'Ivoire4.10.11.1N/A-48.2%
BurundiN/AN/AN/AN/A0%
China0.8N/AN/AN/A0%
Gambia0.20.2N/AN/A0.0%
OthersN/A0.2N/AN/A0%
Total5.40.63.06.03.6%

Top Export Markets for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel from Nigeria in 2022:

  1. Ghana (50.0 kg)
  2. Angola (18.0 kg)

Source: IndexBox Market Intelligence Platform

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