Malonylurea Price in Nigeria - 2022
Contents:
Malonylurea Price in Nigeria (CIF) - 2022
The average malonylurea import price stood at $22,385 per ton in 2022, rising by 5.8% against the previous year. Overall, the import price, however, saw a sharp decrease. The pace of growth appeared the most rapid in 2013 when the average import price increased by 111%. As a result, import price attained the peak level of $473,333 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -20.6% per year.
Malonylurea Imports in Nigeria
For the fourth consecutive year, Nigeria recorded growth in supplies from abroad of malonylureas, which increased by 8.3% to 13 kg in 2022. The total import volume increased at an average annual rate of +9.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 10%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, malonylurea imports expanded markedly to $291 in 2022. The total import value increased at an average annual rate of +14.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Malonylurea in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 195 | 223 | 254 | 291 | 14.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 195 | 223 | 254 | 291 | 14.3% |
Top Suppliers of Malonylurea (Barbituric Acid) and Its Salts Thereof to Nigeria in 2022:
- India (13.0 kg)
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