Price for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Nigeria - 2023
Contents:
- Price for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Nigeria (CIF) - 2022
- Imports of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Nigeria
Price for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Nigeria (CIF) - 2022
In 2022, the average import price for copper; bars, rods and profiles, of copper-zinc base alloys (brass)s amounted to $11,815 per ton, growing by 163% against the previous year. Overall, the import price enjoyed a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($17,312 per ton), while the price for the United Arab Emirates ($3,693 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 (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Nigeria
In 2022, purchases abroad of copper; bars, rods and profiles, of copper-zinc base alloys (brass)s increased by 28% to 7.8 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a dramatic slump.
In value terms, imports of copper; bars, rods and profiles, of copper-zinc base alloys (brass)s soared to $93K in 2022. Overall, imports, however, continue to indicate a abrupt slump.
| Import of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 63.8 | 3.4 | 22.9 | 24.8 | -27.0% |
| Italy | 0.1 | 0.1 | N/A | 3.4 | 224.0% |
| United Arab Emirates | 1.0 | 1.6 | 0.6 | 3.2 | 47.4% |
| Netherlands | 16.4 | 8.6 | 0.5 | 3.0 | -43.2% |
| Belgium | 5.2 | 4.1 | 0.6 | 3.0 | -16.8% |
| Germany | 8.3 | 10.8 | 0.7 | 3.0 | -28.8% |
| South Africa | 1.7 | 1.6 | 0.3 | 2.0 | 5.6% |
| Turkey | 5.6 | 3.8 | 0.5 | 1.6 | -34.1% |
| United States | 12.4 | 13.0 | N/A | N/A | 4.8% |
| Pakistan | 1.8 | N/A | N/A | N/A | 0% |
| Others | 9.0 | 14.5 | 1.5 | 48.6 | 75.4% |
| Total | 125 | 61.3 | 27.6 | 92.7 | -9.5% |
Top Suppliers of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) to Nigeria in 2022:
- China (3584.0 kg)
- United Arab Emirates (875.0 kg)
- Netherlands (718.0 kg)
- Italy (718.0 kg)
- Germany (474.0 kg)
- South Africa (290.0 kg)
- Belgium (244.0 kg)
- Turkey (228.0 kg)
- United States (1.0 kg)
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