Salts; Sodium Dichromate Price in Nigeria - 2022
Contents:
Salts; Sodium Dichromate Price in Nigeria (CIF) - 2022
The average salts; sodium dichromate import price stood at $2,842 per ton in 2022, standing approx. at the previous year. In general, the import price, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 0.2%. Over the period under review, average import prices hit record highs at $8,474 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the Netherlands.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +28.6% per year.
Salts; Sodium Dichromate Imports in Nigeria
In 2022, approx. 5.6 tons of salts; sodium dichromate were imported into Nigeria; with a decrease of -43.5% on the previous year's figure. In general, imports, however, posted a noticeable increase. The pace of growth appeared the most rapid in 2021 with an increase of 675% against the previous year. As a result, imports reached the peak of 10 tons, and then fell sharply in the following year.
In value terms, salts; sodium dichromate imports dropped sharply to $16K in 2022. Overall, imports, however, saw perceptible growth. The most prominent rate of growth was recorded in 2021 when imports increased by 662% against the previous year. As a result, imports reached the peak of $28K, and then reduced markedly in the following year.
Import of Salts; Sodium Dichromate in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 13.6 | 3.7 | 13.9 | 16.0 | 5.6% |
Others | 1.2 | N/A | 14.5 | N/A | 247.6% |
Total | 14.9 | 3.7 | 28.4 | 16.0 | 2.4% |
Top Suppliers of Salts; Sodium Dichromate to Nigeria in 2022:
- Netherlands (5.6 tons)
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