Silicates; Sodium Metasilicates Price in Nigeria - 2022
Contents:
- Silicates; Sodium Metasilicates Price in Nigeria (CIF) - 2022
- Silicates; Sodium Metasilicates Imports in Nigeria
Silicates; Sodium Metasilicates Price in Nigeria (CIF) - 2022
In 2022, the average silicates; sodium metasilicates import price amounted to $808 per ton, increasing by 2.1% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, silicates; sodium metasilicates import price decreased by -10.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 67%. As a result, import price reached the peak level of $899 per ton. From 2021 to 2022, the average import prices remained at a somewhat 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 Netherlands ($1,696 per ton), while the price for Belgium ($490 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Silicates; Sodium Metasilicates Imports in Nigeria
In 2022, imports of silicates; sodium metasilicateses into Nigeria declined notably to 80 tons, with a decrease of -38.5% against the previous year's figure. In general, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 345%. As a result, imports reached the peak of 130 tons, and then dropped dramatically in the following year.
In value terms, silicates; sodium metasilicates imports fell rapidly to $64K in 2022. Overall, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 292%. As a result, imports attained the peak of $103K, and then reduced notably in the following year.
| Import of Silicates; Sodium Metasilicates in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 19.8 | 14.9 | 59.8 | 41.5 | 28.0% |
| China | 1.5 | 2.0 | 11.4 | 7.5 | 71.0% |
| Switzerland | 4.1 | 2.9 | 11.2 | 7.4 | 21.8% |
| Netherlands | 1.7 | 1.6 | 7.2 | 4.7 | 40.4% |
| South Africa | 1.9 | 3.0 | 4.3 | 0.9 | -22.0% |
| United States | 0.9 | 0.5 | 1.6 | 0.9 | 0.0% |
| Belgium | 0.8 | 0.5 | 1.4 | 0.7 | -4.4% |
| Others | 0.9 | 0.9 | 5.7 | 0.8 | -3.9% |
| Total | 31.6 | 26.2 | 103 | 64.4 | 26.8% |
Top Suppliers of Silicates; Sodium Metasilicates to Nigeria in 2022:
- Romania (48.3 tons)
- Switzerland (12.9 tons)
- China (11.2 tons)
- Netherlands (2.8 tons)
- United States (1.5 tons)
- Belgium (1.5 tons)
- South Africa (1.0 tons)
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