Price for Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in Nigeria - 2022

Contents:

1. Price for Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in Nigeria (CIF) - 2022
2. Price for Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in Nigeria (FOB) - 2022
3. Imports of Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in Nigeria
4. Exports of Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in Nigeria

Price for Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in Nigeria (CIF) - 2022

The average import price for hydrogen chloride (hydrochloric acid); chlorosulphuric acids stood at $667 per ton in June 2022, increasing by 66% against the previous month. In general, the import price recorded a buoyant increase. The most prominent rate of growth was recorded in April 2022 when the average import price increased by 82% month-to-month. As a result, import price attained the peak level of $742 per ton. From May 2022 to June 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2022, the country with the highest price was Pakistan ($806 per ton), while the price for India totaled $530 per ton.

From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+11.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in Nigeria (FOB) - 2022

In 2022, the average export price for hydrogen chloride (hydrochloric acid); chlorosulphuric acids amounted to $283 per ton, declining by -69.6% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2015 when the average export price increased by 457%. As a result, the export price attained the peak level of $1,110 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($2,660 per ton), while the average price for exports to Benin totaled $266 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+8.0%).

Imports of Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in Nigeria

In 2022, overseas purchases of hydrogen chloride (hydrochloric acid); chlorosulphuric acids decreased by -6.7% to 10K tons, falling for the second consecutive year after two years of growth. Overall, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +2.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.6% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 51% against the previous year. As a result, imports reached the peak of 15K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of hydrogen chloride (hydrochloric acid); chlorosulphuric acids soared to $4.9M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +24.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.7% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 91%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid to Nigeria in 2022:

1. Pakistan (5.4K tons)
2. India (4.8K tons)
3. Egypt (0.1K tons)

Exports of Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in Nigeria

For the fourth year in a row, Nigeria recorded growth in shipments abroad of hydrogen chloride (hydrochloric acid); chlorosulphuric acids, which increased by 371% to 13 tons in 2022. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 433%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of hydrogen chloride (hydrochloric acid); chlorosulphuric acids soared to $3.8K in 2022. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 251% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid from Nigeria in 2022:

1. Benin (13.4 tons)
2. Niger (0.1 tons)

Source: IndexBox Market Intelligence Platform