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Nigeria - Sodium Carbonate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSodium Carbonate Price in Nigeria - 2022
Contents:
- Sodium Carbonate Price in Nigeria (CIF) - 2022
- Sodium Carbonate Price in Nigeria (FOB) - 2022
- Sodium Carbonate Imports in Nigeria
- Sodium Carbonate Exports in Nigeria
Sodium Carbonate Price in Nigeria (CIF) - 2022
In June 2022, the average sodium carbonate import price amounted to $733 per ton, which is down by -9.1% against the previous month. Overall, the import price, however, recorded a resilient increase. The pace of growth appeared the most rapid in April 2022 when the average import price increased by 665% month-to-month. As a result, import price attained the peak level of $5,441 per ton. From May 2022 to June 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2022, the country with the highest price was Bulgaria ($376 per ton), while the price for Turkey amounted to $318 per ton.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by Russia (+37.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Sodium Carbonate Price in Nigeria (FOB) - 2022
In 2022, the average sodium carbonate export price amounted to $366 per ton, increasing by 11% against the previous year. Overall, the export price, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2013 an increase of 11%. As a result, the export price attained the peak level of $845 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
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 -8.9% per year.
Sodium Carbonate Imports in Nigeria
In 2022, approx. 99K tons of sodium carbonate were imported into Nigeria; with an increase of 11% compared with the previous year's figure. In general, imports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 91%. As a result, imports attained the peak of 276K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, sodium carbonate imports skyrocketed to $94M in 2022. Overall, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 96% against the previous year. As a result, imports reached the peak of $127M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Sodium Carbonate in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 31.1 | 81.5 | 16.6 | 40.2 | 8.9% |
Spain | 1.4 | 1.2 | 10.6 | 11.7 | 102.9% |
Austria | 6.2 | 8.1 | 7.8 | 8.6 | 11.5% |
Indonesia | 5.6 | 17.6 | 8.2 | 8.3 | 14.0% |
Turkey | 1.2 | 3.1 | 7.0 | 7.2 | 81.7% |
United States | 8.2 | 2.0 | 6.0 | 5.5 | -12.5% |
Romania | 3.5 | 3.8 | 3.0 | 2.7 | -8.3% |
Russia | 0.7 | 1.2 | 1.3 | 2.2 | 46.5% |
Germany | 1.6 | 1.4 | N/A | N/A | -12.5% |
Others | 5.3 | 6.9 | 6.7 | 7.4 | 11.8% |
Total | 64.8 | 127 | 67.0 | 93.8 | 13.1% |
Top Suppliers of Sodium Carbonate to Nigeria in 2022:
- Germany (undefinedK tons)
- Turkey (29.1K tons)
- China (20.4K tons)
- United States (13.3K tons)
- Spain (9.8K tons)
- Indonesia (7.2K tons)
- Russia (6.7K tons)
- Austria (5.0K tons)
- Romania (2.6K tons)
Sodium Carbonate Exports in Nigeria
In 2022, after two years of decline, there was growth in overseas shipments of sodium carbonate, when their volume increased by 1.3% to 66 tons. Over the period under review, exports, however, recorded a slight slump.
In value terms, sodium carbonate exports expanded notably to $24K in 2022. Overall, exports, however, faced a deep setback.
Export of Sodium Carbonate in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Niger | 33.4 | 26.7 | 21.4 | 24.1 | -10.3% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 33.4 | 26.7 | 21.4 | 24.1 | -10.3% |
Top Export Markets for Sodium Carbonate from Nigeria in 2022:
- Niger (65.8 tons)
This report provides an in-depth analysis of the sodium carbonate market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20134310 - Disodium carbonate
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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