Price for Glass; Unworked, in Balls (Other than Microspheres of Heading No. 7018) in Nigeria - 2022
Contents:
- Price for Glass; Unworked, in Balls (Other than Microspheres of Heading No. 7018) in Nigeria (CIF) - 2022
- Price for Glass; Unworked, in Balls (Other than Microspheres of Heading No. 7018) in Nigeria (FOB) - 2022
- Imports of Glass; Unworked, in Balls (Other than Microspheres of Heading No. 7018) in Nigeria
- Exports of Glass; Unworked, in Balls (Other than Microspheres of Heading No. 7018) in Nigeria
Price for Glass; Unworked, in Balls (Other than Microspheres of Heading No. 7018) in Nigeria (CIF) - 2022
In 2022, the average import price for glass; unworked, in balls (other than microspheres of heading no. 7018) amounted to $365 per ton, shrinking by -5.9% against the previous year. Overall, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2020 when the average import price increased by 24% against the previous year. The import price peaked at $1,265 per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 India ($3,000 per ton), while the price for China ($274 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+54.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glass; Unworked, in Balls (Other than Microspheres of Heading No. 7018) in Nigeria (FOB) - 2022
The average export price for glass; unworked, in balls (other than microspheres of heading no. 7018) stood at $24,467 per ton in 2022, shrinking by -58.3% against the previous year. Overall, the export price saw a deep slump. The most prominent rate of growth was recorded in 2021 an increase of 238%. As a result, the export price attained the peak level of $58,667 per ton, and then shrank sharply in the following year.
As there is only one major export destination, the average price level is determined by prices for Ghana.
From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to -6.7% per year.
Imports of Glass; Unworked, in Balls (Other than Microspheres of Heading No. 7018) in Nigeria
For the third consecutive year, Nigeria recorded decline in overseas purchases of glass; unworked, in balls (other than microspheres of heading no. 7018), which decreased by -42.1% to 1.9 tons in 2022. In general, imports faced a dramatic setback.
In value terms, imports of glass; unworked, in balls (other than microspheres of heading no. 7018) plummeted to $687 in 2022. Over the period under review, imports continue to indicate a sharp setback.
| Import of Glass; Unworked, in Balls (Other than Microspheres of Heading No. 7018) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 42.7 | 5.9 | 0.9 | 0.5 | -77.3% |
| Indonesia | 1.1 | 1.4 | 0.2 | 0.1 | -55.0% |
| Others | 4.1 | 1.9 | 0.2 | 0.1 | -71.0% |
| Total | 47.9 | 9.2 | 1.3 | 0.7 | -75.6% |
Top Suppliers of Glass; Unworked, in Balls (Other than Microspheres of Heading No. 7018) to Nigeria in 2022:
- China (1815.0 kg)
- Indonesia (50.0 kg)
Exports of Glass; Unworked, in Balls (Other than Microspheres of Heading No. 7018) in Nigeria
In 2022, approx. 15 kg of glass; unworked, in balls (other than microspheres of heading no. 7018) were exported from Nigeria; rising by 150% compared with 2021 figures. In general, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 200%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of glass; unworked, in balls (other than microspheres of heading no. 7018) rose to $367 in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 230% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Glass; Unworked, in Balls (Other than Microspheres of Heading No. 7018) in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 63.0 | 208 | 12.0 | 367 | 79.9% |
| Cote d'Ivoire | N/A | N/A | 340 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 63.0 | 208 | 352 | 367 | 79.9% |
Top Export Markets for Glass; Unworked, in Balls (Other than Microspheres of Heading No. 7018) from Nigeria in 2022:
- Ghana (15.0 kg)
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