Price for Sodium Sulphates; Disodium Sulphate in Nigeria - 2022
Contents:
- Price for Sodium Sulphates; Disodium Sulphate in Nigeria (CIF) - 2022
- Price for Sodium Sulphates; Disodium Sulphate in Nigeria (FOB) - 2022
- Imports of Sodium Sulphates; Disodium Sulphate in Nigeria
- Exports of Sodium Sulphates; Disodium Sulphate in Nigeria
Price for Sodium Sulphates; Disodium Sulphate in Nigeria (CIF) - 2022
The average sodium sulphates; disodium sulphate import price stood at $325 per ton in 2022, rising by 59% against the previous year. Overall, the import price, however, continues to indicate a noticeable setback. The import price peaked at $435 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($361 per ton), while the price for Spain totaled $128 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.3%).
Price for Sodium Sulphates; Disodium Sulphate in Nigeria (FOB) - 2022
In 2022, the average sodium sulphates; disodium sulphate export price amounted to $864 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2016 an increase of 44% against the previous year. Over the period under review, the average export prices hit record highs at $865 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to +12.0% per year.
Imports of Sodium Sulphates; Disodium Sulphate in Nigeria
For the fourth consecutive year, Nigeria recorded growth in supplies from abroad of sodium sulphates; disodium sulphates, which increased by 1.2% to 209K tons in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 52% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, sodium sulphates; disodium sulphate imports soared to $68M in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 68% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Sodium Sulphates; Disodium Sulphate in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.5 | 34.0 | 36.3 | 55.7 | 41.9% |
| Spain | 0.1 | 0.1 | 2.4 | 4.9 | 265.9% |
| Others | 1.3 | 1.1 | 3.6 | 7.3 | 77.7% |
| Total | 20.9 | 35.2 | 42.3 | 67.9 | 48.1% |
Top Suppliers of Sodium Sulphates; Disodium Sulphate to Nigeria in 2022:
- China (154.4K tons)
- Spain (37.9K tons)
Exports of Sodium Sulphates; Disodium Sulphate in Nigeria
In 2022, after three years of growth, there was significant decline in shipments abroad of sodium sulphates; disodium sulphates, when their volume decreased by -8.3% to 3.8 tons. The total export volume increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 20%.
In value terms, sodium sulphates; disodium sulphate exports contracted to $3.3K in 2022. The total export value increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 20%.
| Export of Sodium Sulphates; Disodium Sulphate in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 2.5 | 3.0 | 3.6 | 3.3 | 9.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.5 | 3.0 | 3.6 | 3.3 | 9.7% |
Top Export Markets for Sodium Sulphates; Disodium Sulphate from Nigeria in 2022:
- Niger (3.8 tons)
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