Price for Moulding Boxes; for Metal Foundry in Nigeria - 2022
Contents:
- Price for Moulding Boxes; for Metal Foundry in Nigeria (CIF) - 2022
- Imports of Moulding Boxes; for Metal Foundry in Nigeria
Price for Moulding Boxes; for Metal Foundry in Nigeria (CIF) - 2022
In 2022, the average import price for moulding boxes; for metal foundries amounted to $1,823 per ton, growing by 23% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 583%. As a result, import price attained the peak level of $11,751 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($3,668 per ton), while the price for China stood at $1,765 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.8%).
Imports of Moulding Boxes; for Metal Foundry in Nigeria
In 2022, purchases abroad of moulding boxes; for metal foundries decreased by -7.4% to 3.6K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 212%. As a result, imports reached the peak of 3.9K tons, and then contracted in the following year.
In value terms, moulding boxes; for metal foundry imports expanded sharply to $6.5M in 2022. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 201% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Moulding Boxes; for Metal Foundry in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.9 | 1.8 | 5.3 | 6.1 | 89.2% |
| India | N/A | N/A | 0.4 | 0.4 | 0.0% |
| Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Total | 0.9 | 1.9 | 5.7 | 6.5 | 93.3% |
Top Suppliers of Moulding Boxes; for Metal Foundry to Nigeria in 2022:
- China (3.5K tons)
- India (0.1K tons)
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