Price for Knives with Cutting Blades in Nigeria - 2022
Contents:
- Price for Knives with Cutting Blades in Nigeria (CIF) - 2022
- Price for Knives with Cutting Blades in Nigeria (FOB) - 2022
- Imports of Knives with Cutting Blades in Nigeria
- Exports of Knives with Cutting Blades in Nigeria
Price for Knives with Cutting Blades in Nigeria (CIF) - 2022
In 2022, the average knives with cutting blades import price amounted to $0.1 per unit, dropping by -48.2% against the previous year. Overall, the import price saw a abrupt contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 102% against the previous year. The import price peaked at $1 per unit in 2015; however, from 2016 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 the United Arab Emirates ($1.6 per unit), while the price for China ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+18.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Knives with Cutting Blades in Nigeria (FOB) - 2022
In 2022, the average knives with cutting blades export price amounted to $1.9 per unit, shrinking by -27.7% against the previous year. In general, the export price, however, showed a remarkable increase. The pace of growth was the most pronounced in 2015 an increase of 81%. As a result, the export price reached the peak level of $3 per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($22 per unit), while the average price for exports to Cameroon ($0.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+45.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Knives with Cutting Blades in Nigeria
For the fourth year in a row, Nigeria recorded growth in purchases abroad of knives with cutting bladeses, which increased by 165% to 12M units in 2022. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, knives with cutting blades imports surged to $1.7M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.7% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Knives with Cutting Blades in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 633 | 692 | 597 | 1,478 | 32.7% |
| Italy | 46.8 | 97.6 | 101 | 27.7 | -16.0% |
| Others | 403 | 341 | 512 | 158 | -26.8% |
| Total | 1,082 | 1,131 | 1,211 | 1,664 | 15.4% |
Top Suppliers of Knives with Cutting Blades to Nigeria in 2022:
- China (11.5M units)
- Italy (0.2M units)
Exports of Knives with Cutting Blades in Nigeria
In 2022, overseas shipments of knives with cutting bladeses decreased by -7.5% to 3.7K units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 144% against the previous year. As a result, the exports attained the peak of 4K units, and then dropped in the following year.
In value terms, knives with cutting blades exports dropped markedly to $7K in 2022. Over the period under review, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 195%. As a result, the exports reached the peak of $10K, and then reduced rapidly in the following year.
| Export of Knives with Cutting Blades in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,239 | 1,130 | 1,787 | 3,351 | 39.3% |
| Congo | 30.0 | 37.0 | 675 | 545 | 162.9% |
| Cameroon | 242 | 264 | 500 | 482 | 25.8% |
| Burkina Faso | 136 | 149 | 281 | 271 | 25.8% |
| Benin | 102 | 123 | 243 | 264 | 37.3% |
| Others | 2,300 | 1,826 | 6,942 | 2,065 | -3.5% |
| Total | 4,049 | 3,529 | 10,428 | 6,978 | 19.9% |
Top Export Markets for Knives with Cutting Blades from Nigeria in 2022:
- Cameroon (2045.0 units)
- Benin (502.0 units)
- Congo (413.0 units)
- United States (256.0 units)
- Burkina Faso (216.0 units)
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