Price for Nickel Oxides and Hydroxides in Nigeria - 2022
Contents:
- Price for Nickel Oxides and Hydroxides in Nigeria (CIF) - 2022
- Imports of Nickel Oxides and Hydroxides in Nigeria
Price for Nickel Oxides and Hydroxides in Nigeria (CIF) - 2022
The average nickel oxides and hydroxides import price stood at $16,405 per ton in 2022, waning by -7.1% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 74% against the previous year. As a result, import price attained the peak level of $17,661 per ton, and then reduced in the following year.
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 China amounted to +0.3% per year.
Imports of Nickel Oxides and Hydroxides in Nigeria
Nickel oxides and hydroxides imports into Nigeria soared to 5 tons in 2022, rising by 400% against 2021. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, nickel oxides and hydroxides imports soared to $82K in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nickel Oxides and Hydroxides in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.5 | 25.3 | 17.7 | 82.0 | 112.9% |
| Others | 8.5 | N/A | N/A | N/A | 0% |
| Total | 17.0 | 25.3 | 17.7 | 82.0 | 69.0% |
Top Suppliers of Nickel Oxides and Hydroxides to Nigeria in 2022:
- China (5.0 tons)
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