Carbonates; Barium Carbonate Price in Nigeria - 2022
Contents:
- Carbonates; Barium Carbonate Price in Nigeria (CIF) - 2022
- Carbonates; Barium Carbonate Imports in Nigeria
Carbonates; Barium Carbonate Price in Nigeria (CIF) - 2022
In 2022, the average carbonates; barium carbonate import price amounted to $1,626 per ton, picking up by 51% against the previous year. In general, the import price showed a prominent increase. The growth pace was the most rapid in 2016 when the average import price increased by 140% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($2,065 per ton), while the price for Spain ($871 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Carbonates; Barium Carbonate Imports in Nigeria
Carbonates; barium carbonate imports into Nigeria soared to 1.5K tons in 2022, increasing by 54% compared with the previous year's figure. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 391%. As a result, imports attained the peak of 2.3K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, carbonates; barium carbonate imports skyrocketed to $2.5M in 2022. In general, imports recorded significant growth. The growth pace was the most rapid in 2020 when imports increased by 611% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.
| Import of Carbonates; Barium Carbonate in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 90.2 | 1,300 | 979 | 1,440 | 151.8% |
| China | 4.1 | 79.9 | 50.3 | 876 | 497.8% |
| Spain | 175 | 534 | 16.9 | 143 | -6.5% |
| Others | 0.5 | 2.4 | 15.6 | 0.4 | -7.2% |
| Total | 270 | 1,917 | 1,062 | 2,459 | 108.8% |
Top Suppliers of Carbonates; Barium Carbonate to Nigeria in 2022:
- India (697.3 tons)
- China (651.4 tons)
- Spain (163.6 tons)
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