Dithionites and Sulphoxylates Price in Nigeria - 2022
Contents:
- Dithionites and Sulphoxylates Price in Nigeria (CIF) - 2022
- Dithionites and Sulphoxylates Imports in Nigeria
Dithionites and Sulphoxylates Price in Nigeria (CIF) - 2022
In 2022, the average dithionites and sulphoxylates import price amounted to $1,948 per ton, growing by 86% against the previous year. Over the period under review, the import price continues to indicate a measured expansion. The import price peaked at $2,418 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to +11.9% per year.
Dithionites and Sulphoxylates Imports in Nigeria
In 2022, overseas purchases of dithionites and sulphoxylateses decreased by -68.4% to 131 tons, falling for the second consecutive year after two years of growth. In general, imports saw a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 975% against the previous year. As a result, imports attained the peak of 2.1K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, dithionites and sulphoxylates imports contracted significantly to $256K in 2022. Over the period under review, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2020 with an increase of 1,061% against the previous year. As a result, imports attained the peak of $2M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Dithionites and Sulphoxylates in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 172 | 1,953 | 380 | 256 | 14.2% |
India | N/A | 43.4 | 54.5 | N/A | 25.6% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 172 | 1,997 | 434 | 256 | 14.2% |
Top Suppliers of Dithionites and Sulphoxylates to Nigeria in 2022:
- China (131.1 tons)
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