Sulphides; of Sodium Price in Nigeria - 2022
Contents:
Sulphides; of Sodium Price in Nigeria (CIF) - 2022
In 2022, the average sulphides; of sodium import price amounted to $693 per ton, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 42%. As a result, import price attained the peak level of $797 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,876 per ton), while the price for Italy ($204 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphides; of Sodium Imports in Nigeria
In 2022, supplies from abroad of sulphides; of sodia was finally on the rise to reach 1.8K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a abrupt downturn.
In value terms, sulphides; of sodium imports surged to $1.3M in 2022. Over the period under review, imports, however, recorded a abrupt downturn.
| Import of Sulphides; of Sodium in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 540 | 786 | 159 | 491 | -3.1% |
| China | 406 | 324 | 204 | 144 | -29.2% |
| United States | 98.6 | 72.8 | 79.6 | 119 | 6.5% |
| Spain | 98.7 | 61.9 | 57.4 | 72.1 | -9.9% |
| Germany | 99.0 | 56.2 | 47.3 | 54.5 | -18.0% |
| United Arab Emirates | 32.1 | 20.2 | 18.9 | 24.1 | -9.1% |
| India | 37.0 | 34.4 | 37.7 | 16.5 | -23.6% |
| Italy | 18.6 | 9.5 | 7.2 | 7.4 | -26.5% |
| Others | 631 | 359 | 218 | 347 | -18.1% |
| Total | 1,962 | 1,724 | 829 | 1,276 | -13.4% |
Top Suppliers of Sulphides; of Sodium to Nigeria in 2022:
- Belgium (690.6 tons)
- China (316.0 tons)
- Spain (95.2 tons)
- United States (63.6 tons)
- Germany (57.8 tons)
- Italy (36.4 tons)
- India (26.1 tons)
- United Arab Emirates (25.9 tons)
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