Borates; Peroxoborates (Perborates) Price in Nigeria - 2022
Contents:
- Borates; Peroxoborates (Perborates) Price in Nigeria (CIF) - 2022
- Borates; Peroxoborates (Perborates) Imports in Nigeria
Borates; Peroxoborates (Perborates) Price in Nigeria (CIF) - 2022
In 2022, the average borates; peroxoborates (perborates) import price amounted to $948 per ton, leveling off at the previous year. In general, the import price, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2015 an increase of 25%. The import price peaked at $1,209 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($1,808 per ton), while the price for Turkey ($676 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Borates; Peroxoborates (Perborates) Imports in Nigeria
In 2022, approx. 1.4K tons of borates; peroxoborates (perborates)s were imported into Nigeria; picking up by 87% compared with 2021. In general, imports recorded a remarkable increase.
In value terms, borates; peroxoborates (perborates) imports skyrocketed to $1.4M in 2022. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Borates; Peroxoborates (Perborates) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | 383 | 769 | 296 | 677 | 20.9% |
| China | 30.1 | 115 | 115 | 182 | 82.2% |
| Turkey | 24.7 | 116 | 73.4 | 116 | 67.5% |
| India | 8.3 | 18.0 | 41.7 | 65.8 | 99.4% |
| United Arab Emirates | 24.8 | 26.0 | 25.3 | 43.9 | 21.0% |
| Spain | 14.6 | 26.9 | 12.3 | 22.4 | 15.3% |
| Others | 161 | 126 | 156 | 257 | 16.9% |
| Total | 647 | 1,197 | 721 | 1,364 | 28.2% |
Top Suppliers of Borates; Peroxoborates (Perborates) to Nigeria in 2022:
- Slovenia (903.3 tons)
- Turkey (171.3 tons)
- China (149.4 tons)
- United Arab Emirates (36.4 tons)
- India (36.4 tons)
- Spain (26.7 tons)
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