Price for Chlorates; Other than Sodium in Nigeria - 2022
Contents:
- Price for Chlorates; Other than Sodium in Nigeria (CIF) - 2022
- Imports of Chlorates; Other than Sodium in Nigeria
Price for Chlorates; Other than Sodium in Nigeria (CIF) - 2022
In 2022, the average chlorates; other than sodium import price amounted to $2,445 per ton, dropping by -15.3% against the previous year. Overall, the import price recorded a noticeable setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 84% against the previous year. The import price peaked at $4,844 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2,445 per ton), while the price for India amounted to $2,445 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.4%).
Imports of Chlorates; Other than Sodium in Nigeria
For the fourth year in a row, Nigeria recorded growth in purchases abroad of chlorates; other than sodia, which increased by 20% to 26 tons in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 20%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, chlorates; other than sodium imports reached $63K in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 1.6%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Chlorates; Other than Sodium in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 34.3 | 34.7 | 35.1 | 35.5 | 1.2% |
| India | 26.0 | 26.6 | 27.3 | 27.9 | 2.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 60.4 | 61.4 | 62.4 | 63.4 | 1.6% |
Top Suppliers of Chlorates; Other than Sodium to Nigeria in 2022:
- China (14.5 tons)
- India (11.4 tons)
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