Carbonates; Potassium Carbonate Price in Nigeria - 2022
Contents:
- Carbonates; Potassium Carbonate Price in Nigeria (CIF) - 2022
- Carbonates; Potassium Carbonate Price in Nigeria (FOB) - 2022
- Carbonates; Potassium Carbonate Imports in Nigeria
- Carbonates; Potassium Carbonate Exports in Nigeria
Carbonates; Potassium Carbonate Price in Nigeria (CIF) - 2022
In 2022, the average carbonates; potassium carbonate import price amounted to $989 per ton, with a decrease of -20.4% against the previous year. In general, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2020 an increase of 45% against the previous year. Over the period under review, average import prices reached the maximum at $1,802 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($1,469 per ton), while the price for Italy ($536 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+18.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Carbonates; Potassium Carbonate Price in Nigeria (FOB) - 2022
In 2022, the average carbonates; potassium carbonate export price amounted to $938 per ton, growing by 53% against the previous year. Over the period under review, the export price, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2014 an increase of 108% against the previous year. Over the period under review, the average export prices hit record highs at $11,445 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($13,589 per ton), while the average price for exports to Benin stood at $589 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+26.4%).
Carbonates; Potassium Carbonate Imports in Nigeria
In 2022, the amount of carbonates; potassium carbonates imported into Nigeria soared to 577 tons, rising by 26% compared with the year before. In general, imports, however, continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2020 when imports increased by 52% against the previous year. As a result, imports reached the peak of 3K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, carbonates; potassium carbonate imports fell to $571K in 2022. Over the period under review, imports, however, recorded a dramatic slump. The most prominent rate of growth was recorded in 2020 when imports increased by 120% against the previous year. As a result, imports attained the peak of $3.7M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Carbonates; Potassium Carbonate in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 868 | 1,418 | 311 | 354 | -25.8% |
Germany | 165 | 192 | 19.4 | 62.5 | -27.6% |
Ireland | 111 | 105 | 43.9 | 18.0 | -45.5% |
Italy | 65.3 | 348 | 37.7 | 14.1 | -40.0% |
Spain | 144 | 204 | 30.1 | 12.3 | -56.0% |
United States | 36.6 | 45.5 | 22.4 | 10.7 | -33.6% |
Russia | 197 | N/A | N/A | N/A | 0% |
Turkey | N/A | 1,194 | N/A | N/A | 0% |
Others | 88.1 | 175 | 107 | 98.9 | 3.9% |
Total | 1,674 | 3,682 | 571 | 571 | -30.1% |
Top Suppliers of Carbonates; Potassium Carbonate to Nigeria in 2022:
- China (285.7 tons)
- Germany (44.1 tons)
- Italy (26.3 tons)
- Spain (15.1 tons)
- Ireland (12.2 tons)
- United States (10.3 tons)
Carbonates; Potassium Carbonate Exports in Nigeria
In 2022, after three years of growth, there was significant decline in shipments abroad of carbonates; potassium carbonates, when their volume decreased by -26.8% to 243 kg. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 710% against the previous year. As a result, the exports reached the peak of 332 kg, and then contracted notably in the following year.
In value terms, carbonates; potassium carbonate exports rose rapidly to $228 in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -10.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 100% against the previous year. As a result, the exports reached the peak of $254. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Carbonates; Potassium Carbonate in Nigeria (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Benin | 118 | 239 | 200 | 139 | 5.6% |
Canada | 9.0 | 15.0 | 3.0 | 82.0 | 108.9% |
Others | N/A | N/A | N/A | 7.0 | 0% |
Total | 127 | 254 | 203 | 228 | 21.5% |
Top Export Markets for Carbonates; Potassium Carbonate from Nigeria in 2022:
- Benin (237.0 kg)
- Canada (6.0 kg)
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