Nigeria - Iron Or Steel Plaited Bands And Slings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSteel Plaited Band Price in Nigeria - 2022
Contents:
- Steel Plaited Band Price in Nigeria (CIF) - 2022
- Steel Plaited Band Price in Nigeria (FOB) - 2022
- Steel Plaited Band Imports in Nigeria
- Steel Plaited Band Exports in Nigeria
Steel Plaited Band Price in Nigeria (CIF) - 2022
In 2022, the average steel plaited band import price amounted to $2,430 per ton, falling by -20.7% against the previous year. In general, the import price saw a mild decrease. The most prominent rate of growth was recorded in 2014 an increase of 53%. The import price peaked at $5,156 per ton in 2016; however, from 2017 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 the UK ($8,472 per ton), while the price for China ($1,800 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Steel Plaited Band Price in Nigeria (FOB) - 2022
The average steel plaited band export price stood at $3,022 per ton in 2022, with an increase of 2.9% against the previous year. Overall, the export price saw a remarkable increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 110%. As a result, the export price attained the peak level of $4,483 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($3,890 per ton), while the average price for exports to Congo ($1,473 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Congo (+3.3%), while the prices for the other major destinations experienced a decline.
Steel Plaited Band Imports in Nigeria
Steel plaited band imports into Nigeria soared to 1.7K tons in 2022, jumping by 267% compared with the previous year. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, steel plaited band imports skyrocketed to $4.2M in 2022. Over the period under review, imports recorded buoyant growth.
Import of Steel Plaited Band in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 276 | 278 | 226 | 2,178 | 99.1% |
Portugal | 840 | 2,049 | 141 | 740 | -4.1% |
Barbados | 446 | 759 | 588 | 702 | 16.3% |
United States | 398 | 87.6 | 83.1 | 83.0 | -40.7% |
Belgium | 412 | 1,156 | 5.0 | 69.5 | -44.7% |
United Kingdom | 163 | 143 | 23.7 | 65.9 | -26.1% |
Others | 579 | 743 | 369 | 337 | -16.5% |
Total | 3,115 | 5,216 | 1,436 | 4,175 | 10.3% |
Top Suppliers of Steel Plaited Band to Nigeria in 2022:
- China (1209.7 tons)
- Barbados (286.8 tons)
- Portugal (98.2 tons)
- United States (35.9 tons)
- Belgium (14.4 tons)
- United Kingdom (7.8 tons)
Steel Plaited Band Exports in Nigeria
In 2022, overseas shipments of iron or steel plaited bands and slings decreased by -40.8% to 13 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 297% against the previous year. As a result, the exports reached the peak of 22 tons, and then reduced notably in the following year.
In value terms, steel plaited band exports shrank dramatically to $40K in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 356%. As a result, the exports attained the peak of $66K, and then fell sharply in the following year.
Export of Steel Plaited Band in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1.5 | 8.7 | 37.5 | 24.6 | 154.1% |
Netherlands | 0.4 | 3.5 | 17.9 | 9.9 | 191.4% |
United Kingdom | 0.2 | 0.3 | 2.8 | 1.6 | 100.0% |
Senegal | 9.3 | N/A | N/A | N/A | 0% |
Others | 0.3 | 2.0 | 7.4 | 4.0 | 137.1% |
Total | 11.6 | 14.4 | 65.7 | 40.0 | 51.1% |
Top Export Markets for Steel Plaited Band from Nigeria in 2022:
- United States (9.4 tons)
- Netherlands (2.5 tons)
- United Kingdom (1.0 tons)
This report provides an in-depth analysis of the steel plaited band market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25931150 - Iron or steel plaited bands, slings and the like (excluding electrically insulated)
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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