Price for Metal-Rolling Mills; Tube Mills in Nigeria - 2022
Contents:
- Price for Metal-Rolling Mills; Tube Mills in Nigeria (CIF) - 2022
- Imports of Metal-Rolling Mills; Tube Mills in Nigeria
Price for Metal-Rolling Mills; Tube Mills in Nigeria (CIF) - 2022
In 2022, the average metal-rolling mills; tube mills import price amounted to $2,966 per unit, declining by -2.7% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2013 when the average import price increased by 82%. Over the period under review, average import prices attained the peak figure at $13,343 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($4,067 per unit), while the price for Turkey ($1,544 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-3.5%), while the prices for the other major suppliers experienced a decline.
Imports of Metal-Rolling Mills; Tube Mills in Nigeria
In 2022, imports of metal-rolling mills; tube millses into Nigeria shrank notably to 1.1K units, dropping by -71.9% against the previous year. Over the period under review, imports showed a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. Imports peaked at 4.6K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, metal-rolling mills; tube mills imports reduced markedly to $3.3M in 2022. Overall, imports saw a sharp decline. The smallest decline of -7.3% was in 2021. Over the period under review, imports hit record highs at $27M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Metal-Rolling Mills; Tube Mills in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 16.6 | 7.1 | 4.6 | 1.5 | -55.1% |
| Taiwan (Chinese) | 4.1 | 2.4 | 2.9 | 0.7 | -44.5% |
| United States | 2.7 | 1.7 | 2.2 | 0.5 | -43.0% |
| Italy | 2.2 | 1.4 | 1.8 | 0.4 | -43.3% |
| United Kingdom | 0.9 | 0.5 | 0.5 | 0.1 | -51.9% |
| Others | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Total | 26.8 | 13.0 | 12.1 | 3.3 | -50.3% |
Top Suppliers of Metal-Rolling Mills; Tube Mills to Nigeria in 2022:
- India (475.0 units)
- Taiwan (Chinese) (244.0 units)
- United States (195.0 units)
- Italy (155.0 units)
- United Kingdom (33.0 units)
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