Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Nigeria - 2022
Contents:
- Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Nigeria (CIF) - 2022
- Imports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Nigeria
Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Nigeria (CIF) - 2022
The average import price for casting machines; of a kind used in metallurgy or in metal foundrieses stood at $34,960 per unit in 2022, with an increase of 12% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for casting machines; of a kind used in metallurgy or in metal foundrieses increased by +74.4% against 2015 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 41%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
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 China ($68,889 per unit), while the price for India stood at $18,009 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-0.2%), while the prices for the other major suppliers experienced a decline.
Imports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Nigeria
Imports of casting machines; of a kind used in metallurgy or in metal foundrieses into Nigeria soared to 74 units in 2022, increasing by 32% on the previous year. In general, imports, however, recorded a perceptible setback. The growth pace was the most rapid in 2020 when imports increased by 94%. As a result, imports reached the peak of 153 units. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of casting machines; of a kind used in metallurgy or in metal foundrieses skyrocketed to $2.6M in 2022. Overall, imports recorded a temperate increase. The growth pace was the most rapid in 2020 with an increase of 96% against the previous year. As a result, imports reached the peak of $4.5M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,115 | 2,427 | 1,337 | 1,722 | 15.6% |
| India | 939 | 1,991 | 295 | 864 | -2.7% |
| Germany | 108 | 10.2 | 0.7 | N/A | -91.9% |
| Others | 142 | 98.2 | 119 | 0.4 | -85.9% |
| Total | 2,304 | 4,526 | 1,752 | 2,587 | 3.9% |
Top Suppliers of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries to Nigeria in 2022:
- India (48.0 units)
- China (25.0 units)
250
This report provides an in-depth analysis of the metallurgy-used converter market in Nigeria.
312
Global Metallurgy-Used Converter Market Report 2018. This report provides an in-depth analysis of the global metallurgy-used converter market.
250
This report provides an in-depth analysis of the metallurgy-used converter market in Nigeria.
312
Global Metallurgy-Used Converter Market Report 2018. This report provides an in-depth analysis of the global metallurgy-used converter market.
Nothing found. Please try again.
