We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Report Nigeria - Hot-Rolled Bars of High Speed Steel - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Mar 1, 2025

Nigeria - Hot-Rolled Bars of High Speed Steel - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Nigeria: Market for Hot-Rolled Bars Of High Speed Steel 2025

Market Size for Hot-Rolled Bars Of High Speed Steel in Nigeria

In 2022, the Nigerien market for hot-rolled bars of high speed steel increased by 36% to $X for the first time since 2015, thus ending a six-year declining trend. Over the period under review, consumption recorded a prominent expansion. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Imports of Hot-Rolled Bars Of High Speed Steel

Imports into Nigeria

In 2022, supplies from abroad of hot-rolled bars of high speed steel was finally on the rise to reach X tons for the first time since 2015, thus ending a six-year declining trend. Overall, imports showed a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by 472%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, hot-rolled high speed steel bar imports surged to $X in 2022. In general, imports enjoyed a measured increase. The most prominent rate of growth was recorded in 2013 with an increase of 389%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) was the main supplier of hot-rolled high speed steel bar to Nigeria, with a 92% share of total imports. Moreover, hot-rolled high speed steel bar imports from India exceeded the figures recorded by the second-largest supplier, Belgium (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +10.8%.

In value terms, Belgium ($X) and India ($X) constituted the largest hot-rolled high speed steel bar suppliers to Nigeria.

Among the main suppliers, Belgium, with a CAGR of +446.6%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average import price for hot-rolled bars of high speed steel stood at $X per ton in 2022, shrinking by -17.7% against the previous year. Overall, the import price continues to indicate a abrupt slump. The growth pace was the most rapid in 2014 an increase of 21%. As a result, import price attained the peak level of $X per ton. From 2015 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 Belgium ($X per ton), while the price for India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+94.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of hot-rolled high speed steel bar consumption was Russia, accounting for 94% of total volume. It was followed by Poland, with a 1.7% share of total consumption.
Russia remains the largest hot-rolled high speed steel bar producing country worldwide, accounting for 95% of total volume. It was followed by Poland, with a 1.7% share of total production.
In value terms, the largest hot-rolled high speed steel bar suppliers to Nigeria were Canada, Italy and India.
The average import price for hot-rolled bars of high speed steel stood at $9,379 per ton in 2021, picking up by 40% against the previous year.

This report provides an in-depth analysis of the market for hot-rolled high speed steel bar 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 24106610 - Hot-rolled bars of high speed 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

Recommended reports

Asia - Hot-Rolled Bars of High Speed Steel - Market Analysis, Forecast, Size, Trends and Insights
$599
Mar 1, 2025
Eye 274

This report provides an in-depth analysis of the market for hot-rolled high speed steel bar in Asia.

U.S. - Hot-Rolled Bars of High Speed Steel - Market Analysis, Forecast, Size, Trends and Insights
$599
Mar 1, 2025
Eye 304

This report provides an in-depth analysis of the market for hot-rolled high speed steel bar in the U.S..

China - Hot-Rolled Bars of High Speed Steel - Market Analysis, Forecast, Size, Trends and Insights
$599
Mar 1, 2025
Eye 268

This report provides an in-depth analysis of the market for hot-rolled high speed steel bar in China.

EU - Hot-Rolled Bars of High Speed Steel - Market Analysis, Forecast, Size, Trends and Insights
$599
Mar 1, 2025
Eye 250

This report provides an in-depth analysis of the market for hot-rolled high speed steel bar in the EU.

World - Hot-Rolled Bars of High Speed Steel - Market Analysis, Forecast, Size, Trends and Insights
$599
Mar 1, 2025
Eye 345

This report provides an in-depth analysis of the global market for hot-rolled high speed steel bar.

Free Data: Hot-Rolled Bars Of High Speed Steel - Nigeria
Table
Hot-Rolled Bars Of High Speed Steel - Nigeria - Table
Dashboard
Hot-Rolled Bars Of High Speed Steel - Nigeria - Dashboard
Report
Hot-Rolled Bars Of High Speed Steel - Nigeria - Report