Price for Perchlorates; Bromates and Perbromates; Iodates and Periodates in Nigeria - 2022

Contents:

  1. Price for Perchlorates; Bromates and Perbromates; Iodates and Periodates in Nigeria (CIF) - 2022
  2. Imports of Perchlorates; Bromates and Perbromates; Iodates and Periodates in Nigeria

Price for Perchlorates; Bromates and Perbromates; Iodates and Periodates in Nigeria (CIF) - 2022

The average import price for perchlorates; bromates and perbromates; iodates and periodateses stood at $22,498 per ton in 2022, increasing by 220% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The import price peaked at $26,021 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Chile ($34,383 per ton), while the price for the Netherlands ($2,269 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.2%), while the prices for the other major suppliers experienced a decline.

Imports of Perchlorates; Bromates and Perbromates; Iodates and Periodates in Nigeria

In 2022, after three years of growth, there was significant decline in supplies from abroad of perchlorates; bromates and perbromates; iodates and periodateses, when their volume decreased by -38.3% to 221 tons. Overall, total imports indicated notable growth from 2019 to 2022: its volume increased at an average annual rate of +3.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 39%. As a result, imports reached the peak of 358 tons, and then shrank remarkably in the following year.

In value terms, imports of perchlorates; bromates and perbromates; iodates and periodateses soared to $5M in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 271%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

Import of Perchlorates; Bromates and Perbromates; Iodates and Periodates in Nigeria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
India0.43.62.03.5106.1%
Chile0.3N/AN/A1.467.1%
China0.30.20.5N/A29.1%
NetherlandsN/A0.1N/AN/A0%
OthersN/AN/AN/AN/A0%
Total1.13.92.55.065.7%

Top Suppliers of Perchlorates; Bromates and Perbromates; Iodates and Periodates to Nigeria in 2022:

  1. India (170.7 tons)
  2. Chile (41.9 tons)
  3. Netherlands (6.0 tons)

Source: IndexBox Market Intelligence Platform

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