Nigeria: Threaded Metal Articles Market 2025

Threaded Metal Articles Market Size in Nigeria

The Nigerien threaded metal articles market rose significantly to $X in 2021, with an increase of 5.5% 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). In general, consumption showed a slight reduction. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Threaded Metal Articles Exports

Exports from Nigeria

For the third year in a row, Nigeria recorded decline in overseas shipments of threaded articles of iron or steel, which decreased by -1.7% to X tons in 2021. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 117%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, threaded metal articles exports reduced slightly to $X in 2021. Overall, exports showed a deep downturn. The pace of growth appeared the most rapid in 2018 with an increase of 78%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Ghana (X kg), Angola (X kg) and Benin (X kg) were the main destinations of threaded metal articles exports from Nigeria, with a combined 56% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Angola (with a CAGR of +56.6%), while the other leaders experienced more modest paces of growth.

In value terms, Benin ($X) emerged as the key foreign market for threaded articles of iron or steel exports from Nigeria, comprising 33% of total exports. The second position in the ranking was held by Niger ($X), with an 8.5% share of total exports. It was followed by Angola, with a 6% share.

From 2012 to 2021, the average annual growth rate of value to Benin was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+21.6% per year) and Angola (+23.2% per year).

Export Prices by Country

In 2021, the average threaded metal articles export price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of 82% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Benin ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+13.3%), while the prices for the other major destinations experienced mixed trend patterns.

Threaded Metal Articles Imports

Imports into Nigeria

In 2021, overseas purchases of threaded articles of iron or steel decreased by -8% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2014 with an increase of 409% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, threaded metal articles imports surged to $X in 2021. In general, imports saw a mild slump. The pace of growth was the most pronounced in 2017 with an increase of 312%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and France (X tons) were the main suppliers of threaded metal articles imports to Nigeria, with a combined 71% share of total imports. Italy, Turkey, South Korea, the United Arab Emirates, the United States and Belgium lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +46.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and France ($X) were the largest threaded metal articles suppliers to Nigeria, together comprising 47% of total imports.

In terms of the main suppliers, India, with a CAGR of +61.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average threaded metal articles import price stood at $X per ton in 2021, with an increase of 34% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 117% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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