Quartzite Price in Nigeria - 2022
Contents:
- Quartzite Price in Nigeria (CIF) - 2022
- Quartzite Price in Nigeria (FOB) - 2022
- Quartzite Imports in Nigeria
- Quartzite Exports in Nigeria
Quartzite Price in Nigeria (CIF) - 2022
The average quartzite import price stood at $1,275 per ton in 2022, declining by -5.7% against the previous year. In general, the import price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 63% against the previous year. The import price peaked at $1,353 per ton in 2021, and then contracted in the following year.
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 the United Arab Emirates ($1,798 per ton), while the price for India ($334 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Quartzite Price in Nigeria (FOB) - 2022
In 2022, the average quartzite export price amounted to $102 per ton, waning by -61.8% against the previous year. In general, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 an increase of 157% against the previous year. The export price peaked at $313 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, 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 -9.2% per year.
Quartzite Imports in Nigeria
In 2022, after two years of decline, there was growth in purchases abroad of quartzite, when their volume increased by 3.9% to 9.9 tons. Over the period under review, imports, however, saw a significant decline.
In value terms, quartzite imports reduced modestly to $13K in 2022. In general, imports, however, continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 4.3% against the previous year.
Import of Quartzite in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 26.2 | 11.7 | 12.6 | 12.3 | -22.3% |
Italy | 0.5 | 0.1 | N/A | 0.1 | -41.5% |
India | 0.8 | 0.4 | N/A | 0.1 | -50.0% |
Others | 3.1 | 0.1 | 0.2 | 0.1 | -68.2% |
Total | 30.5 | 12.3 | 12.8 | 12.6 | -25.5% |
Top Suppliers of Quartzite to Nigeria in 2022:
- China (9.3 tons)
- India (0.3 tons)
- Italy (0.2 tons)
Quartzite Exports in Nigeria
In 2022, the amount of quartzite exported from Nigeria soared to 852 tons, rising by 14,955% compared with the year before. Over the period under review, exports, however, saw a relatively flat trend pattern.
In value terms, quartzite exports surged to $87K in 2022. Overall, exports, however, recorded a deep setback.
Export of Quartzite in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 104 | 172 | 0.4 | 86.9 | -5.8% |
Others | 0.2 | 0.9 | 1.1 | N/A | 134.5% |
Total | 104 | 172 | 1.5 | 86.9 | -5.8% |
Top Export Markets for Quartzite from Nigeria in 2022:
- China (852.3 tons)
This report provides an in-depth analysis of the market for porphyry, basalt and quartzites in Nigeria.
This report provides an in-depth analysis of the natural quartz crystal market in Nigeria.
This report provides an in-depth analysis of the global market for porphyry, basalt and quartzites.
This report provides an in-depth analysis of the global natural quartz crystal market.
This report provides an in-depth analysis of the market for porphyry, basalt and quartzites in Nigeria.
This report provides an in-depth analysis of the natural quartz crystal market in Nigeria.
This report provides an in-depth analysis of the global market for porphyry, basalt and quartzites.
This report provides an in-depth analysis of the global natural quartz crystal market.
Explore the top import markets for natural quartz crystal in the world. Learn about the key countries driving the demand for this valuable mineral.
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Explore the top import markets for natural quartz crystal in the world. Learn about the key countries driving the demand for this valuable mineral.
In 2016, approx. X tons of quartz were imported worldwide- dropping by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
In 2016, approx. X tons of quartz were imported worldwide- dropping by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>