Sulphates; of Barium Price in Nigeria - 2022
Contents:
Sulphates; of Barium Price in Nigeria (CIF) - 2022
The average sulphates; of barium import price stood at $688 per ton in 2022, waning by -33.9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 32% against the previous year. As a result, import price attained the peak level of $1,156 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +10.5% per year.
Sulphates; of Barium Imports in Nigeria
In 2022, overseas purchases of sulphates; of baria decreased by -91.7% to 10 tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a significant contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 6.9% against the previous year. As a result, imports reached the peak of 122 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, sulphates; of barium imports reduced rapidly to $6.9K in 2022. In general, imports faced a dramatic contraction. The growth pace was the most rapid in 2020 with an increase of 28% against the previous year.
| Import of Sulphates; of Barium in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.6 | 0.9 | 3.9 | 6.9 | 125.7% |
| China | 49.8 | 39.2 | 87.2 | N/A | 32.3% |
| United States | 27.8 | 57.4 | 32.4 | N/A | 8.0% |
| Turkey | N/A | 1.1 | N/A | N/A | 0% |
| Others | 2.0 | 4.4 | 2.5 | N/A | 11.8% |
| Total | 80.2 | 103 | 126 | 6.9 | -55.9% |
Top Suppliers of Sulphates; of Barium to Nigeria in 2022:
- India (10.0 tons)
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