Report Update Nov 1, 2024

Nigeria - Articles of Goldsmiths’ Wares of Base Metal Clad With Precious Metal - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Market for Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal 2024

Market Size for Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal in Nigeria

The Nigerien market for articles of goldsmiths’ wares of base metal clad with precious metal fell significantly to $X in 2022, waning by -31.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Exports of Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal

Exports from Nigeria

In 2022, the amount of articles of goldsmiths’ wares of base metal clad with precious metal exported from Nigeria was estimated at X kg, approximately mirroring 2021. Over the period under review, exports saw a sharp decline. The smallest decline of -35.7% was in 2020. Over the period under review, the exports of reached the peak figure at X kg in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of articles of goldsmiths’ wares of base metal clad with precious metal amounted to $X in 2022. In general, exports recorded a precipitous setback. The smallest decline of -42.3% was in 2020. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Niger (X kg) was the main destination for exports of articles of goldsmiths’ wares of base metal clad with precious metal from Nigeria, with a approx. 100% share of total exports.

From 2013 to 2022, the average annual growth rate of volume to Niger stood at -10.6%.

From 2013 to 2022, the average annual rate of growth in terms of value to Niger amounted to -13.1%.

Export Prices by Country

The average export price for articles of goldsmiths’ wares of base metal clad with precious metal stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 a decrease of -8.8%. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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

From 2013 to 2022, the rate of growth in terms of prices for Niger amounted to -2.3% per year.

Imports of Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal

Imports into Nigeria

In 2022, imports of articles of goldsmiths’ wares of base metal clad with precious metal into Nigeria contracted remarkably to X tons, with a decrease of -33.3% on 2021. Overall, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2014 when imports increased by 1,387%. Over the period under review, imports of attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of articles of goldsmiths’ wares of base metal clad with precious metal reduced remarkably to $X in 2022. Over the period under review, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2014 when imports increased by 1,164%. Over the period under review, imports of attained the peak figure at $X in 2021, and then contracted dramatically in the following year.

Imports by Country

In 2022, Italy (X tons) constituted the largest precious metal-clad goldsmiths ware articles of base metals supplier to Nigeria, with a 49% share of total imports. It was followed by Germany (X kg), with a 0.3% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled +13.2%.

In value terms, Italy ($X) constituted the largest supplier of articles of goldsmiths’ wares of base metal clad with precious metal to Nigeria, comprising 48% of total imports. The second position in the ranking was held by Germany ($X), with a 0.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Italy stood at +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-22.9% per year) and the United States (-50.3% per year).

Import Prices by Country

In 2022, the average import price for articles of goldsmiths’ wares of base metal clad with precious metal amounted to $X per ton, with an increase of 12% against the previous year. In general, the import price, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 when the average import price increased by 58% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for articles of goldsmiths’ wares of base metal clad with precious metal in the world?

The countries with the highest volumes of consumption of articles of goldsmiths’ wares of base metal clad with precious metal in 2020 were Italy, China and Romania, with a combined 43% share of global consumption.

What are the largest producers of articles of goldsmiths’ wares of base metal clad with precious metal in the world?

The countries with the highest volumes of production of articles of goldsmiths’ wares of base metal clad with precious metal in 2020 were Italy, China and Romania, with a combined 44% share of global production.

What are the leading suppliers of articles of goldsmiths’ wares of base metal clad with precious metal to Nigeria?

In value terms, Turkey constituted the largest supplier of ware of metal clad with precious metal to Nigeria.

What is the average export price for articles of goldsmiths’ wares of base metal clad with precious metal in Nigeria?

In 2015, the average export price for articles of goldsmiths’ wares of base metal clad with precious metal amounted to $127,103 per ton, approximately equating the previous year.

What is the average import price for articles of goldsmiths’ wares of base metal clad with precious metal in Nigeria?

In 2020, the average import price for articles of goldsmiths’ wares of base metal clad with precious metal amounted to $1,085,000 per ton, with an increase of 3,494% against the previous year.

This report provides an in-depth analysis of the market for precious metal-clad goldsmiths ware articles of base metals 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 32121355 - Articles of goldsmiths

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023