Chromium Trioxide Price in Nigeria - 2022
Contents:
Chromium Trioxide Price in Nigeria (CIF) - 2022
In 2022, the average chromium trioxide import price amounted to $3,710 per ton, jumping by 45% against the previous year. Over the period under review, the import price, however, showed a abrupt curtailment. Over the period under review, average import prices attained the peak figure at $7,288 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +1,471.3% per year.
Chromium Trioxide Imports in Nigeria
In 2022, after three years of growth, there was significant decline in purchases abroad of chromium trioxides, when their volume decreased by -55.5% to 22 tons. Over the period under review, imports, however, saw significant growth. The growth pace was the most rapid in 2020 with an increase of 356%.
In value terms, chromium trioxide imports reduced rapidly to $80K in 2022. In general, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 249% against the previous year. As a result, imports reached the peak of $124K, and then reduced dramatically in the following year.
| Import of Chromium Trioxide in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 3.4 | 27.9 | 39.9 | 242.6% |
| India | 1.2 | 13.2 | 42.0 | N/A | 491.6% |
| South Africa | 11.4 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | N/A | 19.1 | N/A | N/A | 0% |
| Netherlands | N/A | N/A | 13.1 | N/A | 0% |
| Others | 3.2 | N/A | 41.1 | 39.9 | 131.9% |
| Total | 15.7 | 35.6 | 124 | 79.9 | 72.0% |
Top Suppliers of Chromium Trioxide to Nigeria in 2022:
- Germany (5.5 tons)
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