Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Nigeria - 2022
Contents:
- Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Nigeria (CIF) - 2022
- Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Nigeria (FOB) - 2022
- Imports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Nigeria
- Exports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Nigeria
Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Nigeria (CIF) - 2022
In 2022, the average import price for non-electric iron or steel central heating radiators of cast iron amounted to $13 per unit, growing by 3.9% against the previous year. Overall, the import price saw a perceptible expansion. The growth pace was the most rapid in 2018 an increase of 184%. As a result, import price reached the peak level of $28 per unit. From 2019 to 2022, the average 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 UK ($37 per unit), while the price for China totaled $12 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Nigeria (FOB) - 2022
In 2022, the average export price for non-electric iron or steel central heating radiators of cast iron amounted to $25 per unit, remaining constant against the previous year. Over the period under review, the export price recorded a deep downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by 1,302%. The export price peaked at $120 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.
From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to -12.3% per year.
Imports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Nigeria
In 2022, purchases abroad of non-electric iron or steel central heating radiators of cast iron was finally on the rise to reach 23K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of non-electric iron or steel central heating radiators of cast iron soared to $296K in 2022. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 54.3 | 3.3 | 2.2 | 253 | 67.0% |
| United Kingdom | 5.6 | 5.5 | 4.9 | 27.1 | 69.1% |
| Japan | 7.0 | 7.5 | 3.3 | N/A | -31.3% |
| India | 34.7 | 36.1 | 5.3 | N/A | -60.9% |
| United States | 9.6 | 8.1 | 3.8 | N/A | -37.1% |
| Others | 12.2 | 7.1 | 3.6 | 15.5 | 8.3% |
| Total | 123 | 67.6 | 23.1 | 296 | 34.0% |
Top Suppliers of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron to Nigeria in 2022:
- China (21.7K units)
- United Kingdom (0.7K units)
Exports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Nigeria
In 2022, overseas shipments of non-electric iron or steel central heating radiators of cast iron decreased by 0% to 1 units, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 100% against the previous year. As a result, the exports attained the peak of 2 units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of non-electric iron or steel central heating radiators of cast iron totaled $25 in 2022. Over the period under review, exports faced a precipitous decrease. The smallest decline of -58.3% was in 2020. Over the period under review, the exports of hit record highs at $120 in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 120 | 33.0 | N/A | 25.0 | -40.7% |
| Gambia | N/A | 17.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 120 | 50.0 | N/A | 25.0 | -40.7% |
Top Export Markets for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron from Nigeria in 2022:
- Cote d'Ivoire (1.0 units)
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