Organo-Sulphur Compounds; Methionine Price in Nigeria - 2022
Contents:
- Organo-Sulphur Compounds; Methionine Price in Nigeria (CIF) - 2022
- Organo-Sulphur Compounds; Methionine Imports in Nigeria
Organo-Sulphur Compounds; Methionine Price in Nigeria (CIF) - 2022
In June 2022, the average organo-sulphur compounds; methionine import price amounted to $3,022 per ton, growing by 9.8% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in February 2022 an increase of 28% m-o-m. As a result, import price attained the peak level of $3,277 per ton. From March 2022 to June 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($5,226 per ton), while the price for Spain ($1,902 per ton) was amongst the lowest.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Organo-Sulphur Compounds; Methionine Imports in Nigeria
In 2022, supplies from abroad of organo-sulphur compounds; methionines decreased by -4.8% to 4.8K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 98%. As a result, imports reached the peak of 8K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, organo-sulphur compounds; methionine imports surged to $15M in 2022. Overall, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 122%. As a result, imports reached the peak of $18M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Organo-Sulphur Compounds; Methionine in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1.4 | 7.5 | 3.9 | 5.9 | 61.5% |
| Belgium | 2.1 | 5.6 | 1.6 | 3.4 | 17.4% |
| China | 0.6 | 1.5 | 1.2 | 1.8 | 44.2% |
| Japan | 1.3 | 1.1 | 0.7 | 1.2 | -2.6% |
| France | 1.1 | 0.9 | 0.5 | 0.9 | -6.5% |
| Russia | 0.2 | 0.4 | 0.4 | 0.6 | 44.2% |
| Spain | 0.1 | 0.3 | 0.3 | 0.5 | 71.0% |
| United States | 0.2 | 0.3 | 0.2 | 0.3 | 14.5% |
| Germany | 0.6 | 0.3 | 0.2 | 0.3 | -20.6% |
| Others | 0.6 | 0.4 | 3.8 | 0.3 | -20.6% |
| Total | 8.2 | 18.2 | 12.8 | 15.1 | 22.6% |
Top Suppliers of Organo-Sulphur Compounds; Methionine to Nigeria in 2022:
- Malaysia (1756.5 tons)
- Belgium (1084.4 tons)
- China (545.3 tons)
- Japan (424.5 tons)
- France (309.4 tons)
- Spain (192.2 tons)
- Russia (173.7 tons)
- United States (131.9 tons)
- Germany (100.2 tons)
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