Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Nigeria - 2022
Contents:
- Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Nigeria (CIF) - 2022
- Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Nigeria
Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Nigeria (CIF) - 2022
In June 2022, the average import price for silicates; commercial alkali metal silicates, other than of sodium or potassia amounted to $384 per ton, dropping by -66.2% against the previous month. Over the period under review, the import price saw a abrupt contraction. The pace of growth appeared the most rapid in February 2022 when the average import price increased by 259% against the previous month. Over the period under review, average import prices attained the maximum at $1,135 per ton in May 2022, and then shrank markedly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was China ($627 per ton), while the price for India stood at $310 per ton.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by India (+2.2%).
Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Nigeria
In 2022, purchases abroad of silicates; commercial alkali metal silicates, other than of sodium or potassia decreased by -17% to 4.6K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 20%. As a result, imports attained the peak of 5.6K tons, and then shrank significantly in the following year.
In value terms, imports of silicates; commercial alkali metal silicates, other than of sodium or potassia reduced dramatically to $3M in 2022. Over the period under review, imports continue to indicate a slight reduction. The growth pace was the most rapid in 2020 with an increase of 32%.
| Import of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 214 | 440 | 2,786 | 1,632 | 96.8% |
| India | 934 | 2,274 | 1,643 | 1,260 | 10.5% |
| Germany | 960 | 8.7 | 78.8 | 4.2 | -83.6% |
| Spain | N/A | 545 | 13.7 | N/A | -97.5% |
| France | 411 | N/A | 196 | N/A | -30.9% |
| Italy | 405 | 387 | N/A | N/A | -4.4% |
| Others | 181 | 438 | 386 | 106 | -16.3% |
| Total | 3,104 | 4,093 | 5,104 | 3,003 | -1.1% |
Top Suppliers of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium to Nigeria in 2022:
- India (2.6K tons)
- China (2.0K tons)
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