Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Nigeria - 2022
Contents:
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Nigeria (CIF) - 2022
- Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Nigeria
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Nigeria (CIF) - 2022
In 2022, the average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $1,690 per ton, remaining relatively unchanged against the previous year. Overall, the import price posted a resilient expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 262% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.
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 Russia amounted to +42,812.8% per year.
Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Nigeria
In 2022, purchases abroad of fertilizers, mineral or chemical; containing nitrates and phosphateses decreased by 0% to 51 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate significant growth. The smallest decline of 99.9% was in 2020. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses stood at $86K in 2022. Overall, imports recorded a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.0 | N/A | N/A | 86.3 | 206.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.0 | N/A | N/A | 86.3 | 206.4% |
Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to Nigeria in 2022:
- China (51.1 tons)
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