Report Update Jan 1, 2025

Nigeria - Angles, Shapes and Sections of Stainless Steel or Other Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Stainless Steel Angle Market 2025

Stainless Steel Angle Market Size in Nigeria

In 2021, the Nigerien stainless steel angle market increased by 1,498% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a perceptible downturn. Stainless steel angle consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Stainless Steel Angle Exports

Exports from Nigeria

Stainless steel angle exports from Nigeria dropped sharply to X tons in 2021, shrinking by -24.7% on 2020. Over the period under review, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 158% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, stainless steel angle exports rose remarkably to $X in 2021. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2017 with an increase of 125% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Niger (X tons) was the main destination for stainless steel angle exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Niger stood at +29.2%.

In value terms, Niger ($X) also remains the key foreign market for angles, shapes and sections of stainless steel or other alloy steel exports from Nigeria.

From 2012 to 2021, the average annual growth rate of value to Niger totaled +56.4%.

Export Prices by Country

In 2021, the average stainless steel angle export price amounted to $X per ton, with an increase of 46% against the previous year. In general, the export price enjoyed significant growth. The most prominent rate of growth was recorded in 2020 an increase of 90%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Niger.

From 2012 to 2021, the rate of growth in terms of prices for Ghana amounted to +31.2% per year.

Stainless Steel Angle Imports

Imports into Nigeria

In 2021, supplies from abroad of angles, shapes and sections of stainless steel or other alloy steel increased by 1,718% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports, however, saw a noticeable slump. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, stainless steel angle imports soared to $X in 2021. In general, imports, however, continue to indicate a perceptible shrinkage. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Israel (X tons) and the United States (X tons) were the main suppliers of stainless steel angle imports to Nigeria, together comprising 98% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Israel (with a CAGR of +83.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest stainless steel angle suppliers to Nigeria were China ($X), Israel ($X) and the United States ($X), together accounting for 95% of total imports.

Israel, with a CAGR of +80.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average stainless steel angle import price amounted to $X per ton, with a decrease of -29.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 105% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+51.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for angles, shapes and sections of stainless steel or other alloy steel in the world?

China constituted the country with the largest volume of stainless steel angle consumption, accounting for 39% of total volume. Moreover, stainless steel angle consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. India ranked third in terms of total consumption with a 4.4% share.

What are the largest producers of angles, shapes and sections of stainless steel or other alloy steel in the world?

China remains the largest stainless steel angle producing country worldwide, comprising approx. 47% of total volume. Moreover, stainless steel angle production in China exceeded the figures recorded by the second-largest producer, the United States, sixfold. India ranked third in terms of total production with a 5.4% share.

What are the leading suppliers of angles, shapes and sections of stainless steel or other alloy steel to Nigeria?

In value terms, China constituted the largest supplier of stainless steel angle to Nigeria, comprising 37% of total imports. The second position in the ranking was occupied by India, with a 16% share of total imports. It was followed by Israel, with a 13% share.

What are the leading importers of angles, shapes and sections of stainless steel or other alloy steel from Nigeria?

In value terms, Niger remains the key foreign market for stainless steel angle exports from Nigeria.

What is the average export price for angles, shapes and sections of stainless steel or other alloy steel in Nigeria?

In 2021, the average stainless steel angle export price amounted to $385 per ton, falling by -54% against the previous year.

What is the average import price for angles, shapes and sections of stainless steel or other alloy steel in Nigeria?

In 2021, the average stainless steel angle import price amounted to $1,318 per ton, dropping by -17.8% against the previous year.

This report provides an in-depth analysis of the stainless steel angle 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 24107200 - Open sections, not further worked than hot-rolled, hot-drawn or extruded, of stainless steel
Prodcom 24107300 - Open sections, not further worked than hot-rolled, hot-drawn or extruded, of other alloy steel
Prodcom 24312050 - Sections, of alloy steel other than stainless, cold-finished or cold-formed (e.g. by cold-drawing)
Prodcom 24331200 - Cold-formed sections, obtained from flat products, of stainless steel

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024