Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Nigeria - 2023
Contents:
- Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Nigeria (CIF) - 2022
- Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Nigeria (FOB) - 2022
- Imports of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Nigeria
- Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Nigeria
Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Nigeria (CIF) - 2022
In 2022, the average import price for tube or pipe threaded elbows, bends and sleeves, other than stainless steels amounted to $3,595 per ton, shrinking by -67.5% against the previous year. Overall, the import price, however, saw mild growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 134% against the previous year. The import price peaked at $11,921 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat 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 Saudi Arabia ($256,667 per ton), while the price for Congo ($369 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+66.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Nigeria (FOB) - 2022
In 2022, the average export price for tube or pipe threaded elbows, bends and sleeves, other than stainless steels amounted to $17,416 per ton, falling by -52.2% against the previous year. In general, the export price continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2017 when the average export price increased by 872%. As a result, the export price reached the peak level of $177,681 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($18,763 per ton), while the average price for exports to Angola ($957 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 Cote d'Ivoire (-3.1%), while the prices for the other major destinations experienced a decline.
Imports of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Nigeria
After three years of growth, supplies from abroad of tube or pipe threaded elbows, bends and sleeves, other than stainless steels decreased by -6.6% to 1.1K tons in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 50% against the previous year.
In value terms, imports of tube or pipe threaded elbows, bends and sleeves, other than stainless steels reduced notably to $4M in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 185% against the previous year. As a result, imports reached the peak of $13M, and then dropped rapidly in the following year.
Import of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 58.5 | 788 | N/A | 1,154 | 170.2% |
China | 279 | 1,356 | 368 | 723 | 37.4% |
United States | 942 | 842 | 534 | 482 | -20.0% |
France | 728 | 52.8 | 807 | 288 | -26.6% |
Belgium | 109 | 116 | 60.0 | 262 | 34.0% |
United Arab Emirates | 18.2 | 3.9 | N/A | 229 | 132.6% |
India | 72.8 | 115 | 59.6 | 163 | 30.8% |
Netherlands | 37.2 | 54.7 | 10,392 | 108 | 42.7% |
Italy | 411 | 370 | 301 | 90.2 | -39.7% |
Denmark | N/A | 456 | 7.6 | 54.4 | -65.5% |
Congo | N/A | N/A | 0.4 | 53.9 | 13375.0% |
Germany | 67.5 | 75.6 | 357 | 22.7 | -30.5% |
Indonesia | 507 | N/A | N/A | N/A | 0% |
Others | 715 | 442 | 446 | 413 | -16.7% |
Total | 3,944 | 4,671 | 13,333 | 4,043 | 0.8% |
Top Suppliers of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel to Nigeria in 2022:
- China (463.8 tons)
- United Arab Emirates (207.0 tons)
- Congo (146.0 tons)
- United States (76.0 tons)
- South Korea (73.7 tons)
- India (31.7 tons)
- Belgium (17.8 tons)
- Denmark (14.9 tons)
- France (11.5 tons)
- Netherlands (7.9 tons)
- Italy (5.7 tons)
- Germany (3.6 tons)
Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Nigeria
In 2022, overseas shipments of tube or pipe threaded elbows, bends and sleeves, other than stainless steels increased by 681% to 2.1 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of tube or pipe threaded elbows, bends and sleeves, other than stainless steels soared to $36K in 2022. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 4.9 | N/A | 6.1 | 35.1 | 92.8% |
Ghana | N/A | N/A | 0.5 | 0.7 | 40.0% |
Angola | N/A | N/A | N/A | 0.1 | 0% |
Benin | N/A | 0.3 | N/A | N/A | 0% |
Cote d'Ivoire | 1.2 | 4.7 | 0.5 | N/A | -35.5% |
Italy | 3.2 | N/A | N/A | N/A | 0% |
Belgium | 1.5 | 0.2 | N/A | N/A | -86.7% |
Mozambique | N/A | 0.5 | N/A | N/A | 0% |
United Kingdom | N/A | N/A | 2.5 | N/A | 0% |
Others | N/A | 1.3 | N/A | N/A | 0% |
Total | 10.8 | 7.1 | 9.6 | 35.9 | 49.2% |
Top Export Markets for Tube or Pipe Threaded Elbows, Bends and Sleeves, Other than Stainless Steel from Nigeria in 2022:
- Netherlands (1955.0 kg)
- Angola (70.0 kg)
- Ghana (38.0 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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