Price for Aluminium; Powders of Non-Lamellar Structure in Nigeria - 2022

Price for Aluminium; Powders of Non-Lamellar Structure in Nigeria (CIF) - 2022

The average import price for aluminium; powders of non-lamellar structures stood at $3,233 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2018 when the average import price increased by 22%. Over the period under review, average import prices hit record highs at $4,042 per ton in 2012; however, from 2013 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 China ($5,152 per ton), while the price for the United States ($2,546 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.4%), while the prices for the other major suppliers experienced a decline.

Price for Aluminium; Powders of Non-Lamellar Structure in Nigeria (FOB) - 2022

In 2022, the average export price for aluminium; powders of non-lamellar structures amounted to $4,202 per ton, picking up by 35% against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 an increase of 113% against the previous year. As a result, the export price attained the peak level of $5,199 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +12.1% per year.

Imports of Aluminium; Powders of Non-Lamellar Structure in Nigeria

In 2022, the amount of aluminium; powders of non-lamellar structures imported into Nigeria reduced to 57 tons, waning by -4.1% on the year before. Over the period under review, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 9%.

In value terms, aluminium; powders of non-lamellar structure imports contracted to $185K in 2022. In general, imports showed a noticeable downturn. The pace of growth was the most pronounced in 2021 with an increase of 9.3%.

Import of Aluminium; Powders of Non-Lamellar Structure in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	113	85.1	97.1	92.5	-6.5%
United States	27.3	29.5	36.5	40.9	14.4%
China	53.9	45.0	43.0	37.1	-11.7%
Others	20.0	16.9	16.3	14.3	-10.6%
Total	214	176	193	185	-4.7%

Top Suppliers of Aluminium; Powders of Non-Lamellar Structure to Nigeria in 2022:

India (33.3 tons)
United States (16.1 tons)
China (7.2 tons)

Exports of Aluminium; Powders of Non-Lamellar Structure in Nigeria

After three years of growth, overseas shipments of aluminium; powders of non-lamellar structures decreased by -26% to 63 tons in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 43% against the previous year.

In value terms, aluminium; powders of non-lamellar structure exports reduced slightly to $263K in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 82% against the previous year.