Salts; Tungstates (Wolframates) Price in Nigeria - 2022
Contents:
- Salts; Tungstates (Wolframates) Price in Nigeria (CIF) - 2022
- Salts; Tungstates (Wolframates) Imports in Nigeria
Salts; Tungstates (Wolframates) Price in Nigeria (CIF) - 2022
The average salts; tungstates (wolframates) import price stood at $29,200 per ton in 2022, jumping by 20% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the average import price increased by 88% against the previous year. The import price peaked at $32,366 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
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 UK ($33,250 per ton), while the price for India amounted to $13,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.5%).
Salts; Tungstates (Wolframates) Imports in Nigeria
For the third year in a row, Nigeria recorded decline in supplies from abroad of salts; tungstates (wolframates), which decreased by 0% to 5 kg in 2022. Over the period under review, imports saw a significant decrease. The smallest decline of -20% was in 2020.
In value terms, salts; tungstates (wolframates) imports skyrocketed to $146 in 2022. Overall, imports faced a significant decline.
| Import of Salts; Tungstates (Wolframates) in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 274 | 213 | 114 | 133 | -21.4% |
| India | 33.0 | 1.0 | 8.0 | 13.0 | -26.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 307 | 214 | 122 | 146 | -21.9% |
Top Suppliers of Salts; Tungstates (Wolframates) to Nigeria in 2022:
- United Kingdom (4.0 kg)
- India (1.0 kg)
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