Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Nigeria - 2023

Contents:

1. Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Nigeria (CIF) - 2022
2. Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Nigeria (FOB) - 2022
3. Imports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Nigeria
4. Exports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Nigeria

Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Nigeria (CIF) - 2022

In 2022, the average import price for tubes, pipes and hollow profiles, of cast iron amounted to $2,800 per ton, increasing by 57% against the previous year. Overall, the import price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by 90%. Over the period under review, average import prices reached the maximum at $4,806 per ton in 2012; however, from 2013 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 Italy ($19,246 per ton), while the price for China ($2,800 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Nigeria (FOB) - 2022

In 2022, the average export price for tubes, pipes and hollow profiles, of cast iron amounted to $476 per ton, shrinking by -47.6% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 306%. As a result, the export price attained the peak level of $4,890 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($1,220 per ton), while the average price for exports to Benin totaled $223 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+5.4%), while the prices for the other major destinations experienced a decline.

Imports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Nigeria

In 2022, the amount of tubes, pipes and hollow profiles, of cast iron imported into Nigeria skyrocketed to 34K tons, increasing by 1,090% compared with the previous year. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of tubes, pipes and hollow profiles, of cast iron skyrocketed to $96M in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Tubes, Pipes and Hollow Profiles, of Cast Iron to Nigeria in 2022:

1. China (34.0K tons)

Exports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Nigeria

After three years of growth, overseas shipments of tubes, pipes and hollow profiles, of cast iron decreased by -97.4% to 5.5 tons in 2022. Overall, exports recorded a sharp downturn. The pace of growth was the most pronounced in 2021 with an increase of 341% against the previous year. As a result, the exports attained the peak of 212 tons, and then declined markedly in the following year.

In value terms, exports of tubes, pipes and hollow profiles, of cast iron declined sharply to $2.6K in 2022. Over the period under review, exports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 75%.

Top Export Markets for Tubes, Pipes and Hollow Profiles, of Cast Iron from Nigeria in 2022:

1. Benin (4.1 tons)
2. Niger (1.4 tons)

Source: IndexBox Market Intelligence Platform