Nigeria: Market for Tube Or Pipe Fittings Of Non-Malleable Cast Iron 2020

Market Size for Tube Or Pipe Fittings Of Non-Malleable Cast Iron in Nigeria

The revenue of the market for tube or pipe fittings of non-malleable cast iron in Nigeria amounted to $X in 2018, increasing by X% 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). Overall, consumption of tube or pipe fittings of non-malleable cast iron continues to indicate prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, the market for non-malleable cast iron pipe fittings reached its maximum level at $X in 2016; however, from 2017 to 2018, consumption failed to regain its momentum.

Exports of Tube Or Pipe Fittings Of Non-Malleable Cast Iron

Exports from Nigeria

In 2018, approx. X kg of tube or pipe fittings of non-malleable cast iron were exported from Nigeria; going down by -X% against the previous year. In general, exports of tube or pipe fittings of non-malleable cast iron continue to indicate an abrupt decline. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. Exports peaked at X kg in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, exports of tube or pipe fittings of non-malleable cast iron stood at $X in 2018. Over the period under review, exports of tube or pipe fittings of non-malleable cast iron continue to indicate a deep drop. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, exports of tube or pipe fittings of non-malleable cast iron attained their peak figure at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

Benin (X kg) was the main destination for exports of tube or pipe fittings of non-malleable cast iron from Nigeria, accounting for a X% share of total exports. Moreover, exports of tube or pipe fittings of non-malleable cast iron to Benin exceeded the volume sent to the second major destination, Burkina Faso (X kg), tenfold.

From 2007 to 2018, the average annual rate of growth in terms of volume to Benin amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+X% per year) and Niger (-X% per year).

In value terms, Benin ($X) remains the key foreign market for non-malleable cast iron pipe fittings exports from Nigeria, comprising X% of total exports of tube or pipe fittings of non-malleable cast iron. The second position in the ranking was occupied by Burkina Faso ($X), with a X% share of total exports.

From 2007 to 2018, the average annual growth rate of value to Benin amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+X% per year) and Niger (-X% per year).

Export Prices by Country

The average export price for tube or pipe fittings of non-malleable cast iron stood at $X per ton in 2018, dropping by -X% against the previous year. In general, the export price for tube or pipe fittings of non-malleable cast iron continues to indicate a deep reduction. The growth pace was the most rapid in 2014 an increase of X% year-to-year. Over the period under review, the average export prices for tube or pipe fittings of non-malleable cast iron reached their peak figure at $X per ton in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Benin, while the prices for the other major destinations experienced a decline.

Imports of Tube Or Pipe Fittings Of Non-Malleable Cast Iron

Imports into Nigeria

Imports of tube or pipe fittings of non-malleable cast iron into Nigeria totaled X tons in 2018, going up by X% against the previous year. In general, imports of tube or pipe fittings of non-malleable cast iron continue to indicate a strong increase. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, imports of tube or pipe fittings of non-malleable cast iron attained their maximum at X tons in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

In value terms, imports of tube or pipe fittings of non-malleable cast iron totaled $X in 2018. Over the period under review, imports of tube or pipe fittings of non-malleable cast iron continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Imports peaked at $X in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, China (X tons) constituted the largest non-malleable cast iron pipe fittings supplier to Nigeria, accounting for a X% share of total imports. Moreover, imports of tube or pipe fittings of non-malleable cast iron from China exceeded the figures recorded by the second-largest supplier, Antigua and Barbuda (X tons), twofold. The third position in this ranking was occupied by the UK (X tons), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Antigua and Barbuda (+X% per year) and the UK (+X% per year).

In value terms, Antigua and Barbuda ($X) constituted the largest supplier of non-malleable cast iron pipe fittings to Nigeria, comprising X% of total imports of tube or pipe fittings of non-malleable cast iron. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Antigua and Barbuda amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and the UK (+X% per year).

Import Prices by Country

The average import price for tube or pipe fittings of non-malleable cast iron stood at $X per ton in 2018, lowering by -X% against the previous year. In general, the import price for tube or pipe fittings of non-malleable cast iron continues to indicate a deep decline. The most prominent rate of growth was recorded in 2009 an increase of X% year-to-year. In that year, the average import prices for tube or pipe fittings of non-malleable cast iron reached their peak level of $X per ton. From 2010 to 2018, the growth in terms of the average import prices for tube or pipe fittings of non-malleable cast iron remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform