Price for Aluminium; Tubes and Pipes in Nigeria - 2022
Contents:
- Price for Aluminium; Tubes and Pipes in Nigeria (CIF) - 2022
- Price for Aluminium; Tubes and Pipes in Nigeria (FOB) - 2022
- Imports of Aluminium; Tubes and Pipes in Nigeria
- Exports of Aluminium; Tubes and Pipes in Nigeria
Price for Aluminium; Tubes and Pipes in Nigeria (CIF) - 2022
The average aluminium; tubes and pipes import price stood at $6,423 per ton in 2022, growing by 92% against the previous year. Over the period under review, the import price posted a remarkable increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 127%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +24.6% per year.
Price for Aluminium; Tubes and Pipes in Nigeria (FOB) - 2022
In 2022, the average aluminium; tubes and pipes export price amounted to $2,296 per ton, stabilizing at the previous year. Overall, the export price saw a pronounced slump. The pace of growth appeared the most rapid in 2016 an increase of 104%. As a result, the export price attained the peak level of $3,469 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 Niger ($2,987 per ton), while the average price for exports to Benin stood at $1,619 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium; Tubes and Pipes in Nigeria
Aluminium; tubes and pipes imports into Nigeria surged to 514 tons in 2022, rising by 15% compared with 2021. The total import volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, aluminium; tubes and pipes imports surged to $3.3M in 2022. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Aluminium; Tubes and Pipes in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 63.8 | 7.0 | N/A | 3,303 | 272.7% |
| China | 1,216 | 800 | 1,203 | N/A | -0.5% |
| Poland | 126 | N/A | N/A | N/A | 0% |
| Others | 130 | 238 | 286 | N/A | 48.3% |
| Total | 1,536 | 1,046 | 1,490 | 3,303 | 29.1% |
Top Suppliers of Aluminium; Tubes and Pipes to Nigeria in 2022:
- United Arab Emirates (514.2 tons)
Exports of Aluminium; Tubes and Pipes in Nigeria
After two years of decline, shipments abroad of aluminium; tubes and pipeses increased by 0.3% to 21 tons in 2022. In general, exports, however, showed a pronounced shrinkage.
In value terms, aluminium; tubes and pipes exports stood at $48K in 2022. Overall, exports, however, showed a relatively flat trend pattern.
| Export of Aluminium; Tubes and Pipes in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 40.0 | 23.4 | 22.4 | 30.9 | -8.2% |
| Benin | 2.0 | 12.3 | 25.6 | 17.1 | 104.5% |
| Cote d'Ivoire | 6.4 | 12.4 | N/A | N/A | 93.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 48.4 | 48.2 | 48.0 | 48.1 | -0.2% |
Top Export Markets for Aluminium; Tubes and Pipes from Nigeria in 2022:
- Benin (10.6 tons)
- Niger (10.4 tons)
449
This report provides an in-depth analysis of the aluminium tube market in Nigeria.
418
This report provides an in-depth analysis of the aluminium alloy tube market in Nigeria.
555
This report provides an in-depth analysis of the aluminium tube market in Nigeria.
2351
This report provides an in-depth analysis of the global aluminium tube market.
662
This report provides an in-depth analysis of the global aluminium alloy tube market.
1038
This report provides an in-depth analysis of the global aluminium tube market.
449
This report provides an in-depth analysis of the aluminium tube market in Nigeria.
418
This report provides an in-depth analysis of the aluminium alloy tube market in Nigeria.
555
This report provides an in-depth analysis of the aluminium tube market in Nigeria.
2351
This report provides an in-depth analysis of the global aluminium tube market.
806
In value terms, aluminum tube and pipe fittings imports totaled $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend...
1184
In value terms, aluminum tube and pipe fittings exports amounted to $X in 2016. Overall, it indicated a remarkable growth from 2007 to 2016: the total exports value increased at an average annual r...
993
Global aluminium tube imports totaled X tons in 2016, waning by -X% against the previous year figure. In general, aluminium tube imports continue to indicate a relatively flat trend pattern. Th...
893
Global aluminium tube imports totaled X tons in 2016, waning by -X% against the previous year figure. In general, aluminium tube imports continue to indicate a relatively flat trend pattern. Th...
1464
Germany is one of the leaders in the global aluminium tube, pipe and tube or pipe fitting trade. In 2014, Germany exported X thousand tons of aluminium tubes, pipes and tube or pipe fittings totaling X million USD, X% over the previous year. Its p
114
The global market for aluminium alloy tubes and pipes is projected to see continued growth over the next seven years, driven by increasing demand worldwide. By 2030, market volume is expected to reach 1.2 million tons, with a value of $8.5 billion.
806
In value terms, aluminum tube and pipe fittings imports totaled $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend...
1184
In value terms, aluminum tube and pipe fittings exports amounted to $X in 2016. Overall, it indicated a remarkable growth from 2007 to 2016: the total exports value increased at an average annual r...
993
Global aluminium tube imports totaled X tons in 2016, waning by -X% against the previous year figure. In general, aluminium tube imports continue to indicate a relatively flat trend pattern. Th...
893
Global aluminium tube imports totaled X tons in 2016, waning by -X% against the previous year figure. In general, aluminium tube imports continue to indicate a relatively flat trend pattern. Th...
