Price for Artwork; Collages and Similar Decorative Plaques in Nigeria - 2022
Contents:
- Price for Artwork; Collages and Similar Decorative Plaques in Nigeria (CIF) - 2022
- Price for Artwork; Collages and Similar Decorative Plaques in Nigeria (FOB) - 2022
- Imports of Artwork; Collages and Similar Decorative Plaques in Nigeria
- Exports of Artwork; Collages and Similar Decorative Plaques in Nigeria
Price for Artwork; Collages and Similar Decorative Plaques in Nigeria (CIF) - 2022
In 2022, the average import price for artwork; collages and similar decorative plaqueses amounted to $2,888 per ton, rising by 19% against the previous year. In general, the import price, however, showed a slight decrease. The most prominent rate of growth was recorded in 2016 an increase of 128%. As a result, import price attained the peak level of $4,223 per ton. From 2017 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 South Africa ($13,787 per ton), while the price for the Netherlands ($691 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+31.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Artwork; Collages and Similar Decorative Plaques in Nigeria (FOB) - 2022
The average export price for artwork; collages and similar decorative plaqueses stood at $1,235 per ton in 2022, waning by -99.7% against the previous year. In general, the export price showed a sharp decline. The pace of growth appeared the most rapid in 2021 when the average export price increased by 643%. The export price peaked at $550,738 per ton in 2013; however, from 2014 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 Angola.
From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to +93.9% per year.
Imports of Artwork; Collages and Similar Decorative Plaques in Nigeria
In 2022, purchases abroad of artwork; collages and similar decorative plaqueses decreased by -23.1% to 33 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 145%. As a result, imports reached the peak of 87 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of artwork; collages and similar decorative plaqueses contracted to $94K in 2022. In general, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2020 when imports increased by 160% against the previous year. As a result, imports attained the peak of $154K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Artwork; Collages and Similar Decorative Plaques in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 22.3 | 58.6 | 29.5 | 47.5 | 28.7% |
| United States | 5.6 | 8.8 | 14.2 | 18.5 | 48.9% |
| South Africa | 10.7 | 10.0 | 4.0 | 10.7 | 0.0% |
| Spain | N/A | 0.7 | 5.4 | 7.0 | 216.2% |
| United Kingdom | 5.9 | 1.5 | 1.5 | 3.8 | -13.6% |
| Philippines | 1.0 | 0.6 | 1.2 | 1.6 | 17.0% |
| Netherlands | N/A | 2.8 | 0.4 | 1.4 | -29.3% |
| Italy | N/A | 4.1 | 38.6 | N/A | 841.5% |
| Turkey | N/A | 59.8 | 1.5 | N/A | -97.5% |
| Others | 13.8 | 7.2 | 6.7 | 3.9 | -34.4% |
| Total | 59.3 | 154 | 103 | 94.4 | 16.8% |
Top Suppliers of Artwork; Collages and Similar Decorative Plaques to Nigeria in 2022:
- United States (14.1 tons)
- China (10.7 tons)
- Spain (2.6 tons)
- Netherlands (2.0 tons)
- United Kingdom (1.5 tons)
- South Africa (0.8 tons)
- Philippines (0.6 tons)
Exports of Artwork; Collages and Similar Decorative Plaques in Nigeria
In 2022, shipments abroad of artwork; collages and similar decorative plaqueses decreased by -87.8% to 588 kg, falling for the second consecutive year after two years of growth. In general, exports faced a significant contraction. The growth pace was the most rapid in 2020 with an increase of 7,257%. As a result, the exports attained the peak of 87 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of artwork; collages and similar decorative plaqueses reduced rapidly to $726 in 2022. Overall, exports recorded a sharp descent. The pace of growth appeared the most rapid in 2020 with an increase of 11,255% against the previous year. As a result, the exports reached the peak of $5.2M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Artwork; Collages and Similar Decorative Plaques in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Angola | 0.1 | N/A | N/A | 0.7 | 91.3% |
| Belgium | 0.4 | 952 | 1,970 | N/A | 6917.8% |
| United Kingdom | 13.2 | 224 | 70.6 | N/A | 131.3% |
| United States | 2.5 | 4,002 | 44.0 | N/A | 319.5% |
| Others | 29.9 | 67.1 | 63.7 | N/A | 46.0% |
| Total | 46.2 | 5,245 | 2,149 | 0.7 | -75.3% |
Top Export Markets for Artwork; Collages and Similar Decorative Plaques from Nigeria in 2022:
- Angola (588.0 kg)
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