Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Nigeria - 2022
Contents:
- Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Nigeria (CIF) - 2022
- Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Nigeria
Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Nigeria (CIF) - 2022
The average import price for kieserite, epsomite (natural magnesium sulphates)s stood at $223 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price showed a mild downturn. The pace of growth was the most pronounced in 2015 an increase of 80% against the previous year. As a result, import price reached the peak level of $576 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
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 ($2,031 per ton), while the price for China ($88 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+16.8%), while the prices for the other major suppliers experienced a decline.
Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Nigeria
In 2022, supplies from abroad of kieserite, epsomite (natural magnesium sulphates)s decreased by -28.3% to 103 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 130%.
In value terms, kieserite, epsomite (natural magnesium sulphates) imports dropped dramatically to $23K in 2022. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 139%. As a result, imports reached the peak of $32K, and then dropped sharply in the following year.
| Import of Kieserite, Epsomite (Natural Magnesium Sulphates) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.4 | 8.1 | 19.1 | 11.3 | 49.2% |
| Belgium | 2.2 | 5.1 | 11.6 | 6.7 | 44.9% |
| China | 0.1 | 0.4 | 1.8 | 5.1 | 270.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.7 | 13.6 | 32.5 | 23.1 | 59.4% |
Top Suppliers of Kieserite, Epsomite (Natural Magnesium Sulphates) to Nigeria in 2022:
- China (57.4 tons)
- Belgium (40.3 tons)
- Germany (5.6 tons)
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