Price for Compounds, Inorganic or Organic, of Mercury, Excluding Amalgams in Nigeria - 2022

Contents:

  1. Price for Compounds, Inorganic or Organic, of Mercury, Excluding Amalgams in Nigeria (CIF) - 2022
  2. Price for Compounds, Inorganic or Organic, of Mercury, Excluding Amalgams in Nigeria (FOB) - 2022
  3. Imports of Compounds, Inorganic or Organic, of Mercury, Excluding Amalgams in Nigeria
  4. Exports of Compounds, Inorganic or Organic, of Mercury, Excluding Amalgams in Nigeria

Price for Compounds, Inorganic or Organic, of Mercury, Excluding Amalgams in Nigeria (CIF) - 2022

In 2022, the average import price for compounds, inorganic or organic, of mercury, excluding amalgamses amounted to $227,583 per ton, increasing by 19% against the previous year. In general, the import price posted significant growth. The most prominent rate of growth was recorded in 2020 an increase of 301% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($498,600 per ton), while the price for the UK ($18,625 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+84.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Compounds, Inorganic or Organic, of Mercury, Excluding Amalgams in Nigeria (FOB) - 2022

The average export price for compounds, inorganic or organic, of mercury, excluding amalgamses stood at $1,881 per ton in 2022, with a decrease of -12.5% against the previous year. In general, the export price showed a dramatic slump. The growth pace was the most rapid in 2013 an increase of 64% against the previous year. As a result, the export price attained the peak level of $32,000 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Niger.

From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to -20.9% per year.

Imports of Compounds, Inorganic or Organic, of Mercury, Excluding Amalgams in Nigeria

In 2022, the amount of compounds, inorganic or organic, of mercury, excluding amalgamses imported into Nigeria skyrocketed to 253 kg, rising by 691% compared with the previous year. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of compounds, inorganic or organic, of mercury, excluding amalgamses surged to $14K in 2022. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 370% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in years to come.

Import of Compounds, Inorganic or Organic, of Mercury, Excluding Amalgams in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/AN/A0.27.63700.0%
ThailandN/AN/AN/A2.80%
Germany0.60.52.82.560.9%
India0.10.22.00.791.3%
United Kingdom0.50.40.30.1-41.5%
OthersN/AN/AN/AN/A0%
Total1.21.15.313.7125.2%

Top Suppliers of Compounds, Inorganic or Organic, of Mercury, Excluding Amalgams to Nigeria in 2022:

  1. United States (175.0 kg)
  2. Thailand (60.0 kg)
  3. United Kingdom (8.0 kg)
  4. India (5.0 kg)
  5. Germany (5.0 kg)

Exports of Compounds, Inorganic or Organic, of Mercury, Excluding Amalgams in Nigeria

In 2022, approx. 1.1 tons of compounds, inorganic or organic, of mercury, excluding amalgamses were exported from Nigeria; increasing by 663% compared with the previous year. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of compounds, inorganic or organic, of mercury, excluding amalgamses surged to $2K in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Compounds, Inorganic or Organic, of Mercury, Excluding Amalgams in Nigeria (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Niger3193133012,00984.7%
OthersN/AN/AN/AN/A0%
Total3193133012,00984.7%

Top Export Markets for Compounds, Inorganic or Organic, of Mercury, Excluding Amalgams from Nigeria in 2022:

  1. Niger (1.1 tons)

Source: IndexBox Market Intelligence Platform

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