Price for Iodides and Iodide Oxides in Nigeria - 2022
Contents:
- Price for Iodides and Iodide Oxides in Nigeria (CIF) - 2022
- Imports of Iodides and Iodide Oxides in Nigeria
Price for Iodides and Iodide Oxides in Nigeria (CIF) - 2022
In April 2022, the average iodides and iodide oxides import price amounted to $3,799 per ton, therefore, remained relatively stable against the previous month. Over the period under review, the import price enjoyed pronounced growth. The pace of growth was the most pronounced in May 2021 when the average import price increased by 247% month-to-month. The import price peaked at $69,400 per ton in July 2021; however, from August 2021 to April 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From April 2021 to April 2022, the rate of growth in terms of prices for China amounted to +8.4% per month.
Imports of Iodides and Iodide Oxides in Nigeria
In 2022, iodides and iodide oxides imports into Nigeria soared to 70 tons, rising by 27% against the year before. Over the period under review, imports, however, continue to indicate a perceptible shrinkage.
In value terms, iodides and iodide oxides imports rose remarkably to $757K in 2022. Overall, imports, however, continue to indicate a abrupt setback.
Import of Iodides and Iodide Oxides in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 26.4 | 958 | 543 | 607 | 184.4% |
United States | 46.7 | 55.3 | 37.4 | 49.9 | 2.2% |
India | 1,068 | 37.5 | 30.9 | 40.2 | -66.5% |
United Kingdom | 15.5 | 17.6 | 11.4 | 14.6 | -2.0% |
Canada | N/A | N/A | N/A | 1.1 | 0% |
Chile | N/A | N/A | 4.4 | N/A | 0% |
Others | 53.2 | 41.4 | 54.3 | 44.3 | -5.9% |
Total | 1,210 | 1,110 | 681 | 757 | -14.5% |
Top Suppliers of Iodides and Iodide Oxides to Nigeria in 2022:
- Brazil (54.7 tons)
- United Kingdom (5.3 tons)
- United States (3.8 tons)
- India (3.0 tons)
- Canada (1.3 tons)
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