Cerium Compounds Price in Nigeria - 2022
Contents:
Cerium Compounds Price in Nigeria (CIF) - 2022
In 2022, the average cerium compounds import price amounted to $15,846 per ton, dropping by -10.5% against the previous year. Overall, the import price showed a drastic downturn. The pace of growth was the most pronounced in 2018 an increase of 118%. Over the period under review, average import prices reached the maximum at $64,182 per ton in 2013; however, from 2014 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 ($17,083 per ton), while the price for Germany amounted to $1,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+13.7%), while the prices for the other major suppliers experienced a decline.
Cerium Compounds Imports in Nigeria
In 2022, overseas purchases of cerium compoundses were finally on the rise to reach 13 kg after two years of decline. Overall, imports, however, recorded a sharp curtailment.
In value terms, cerium compounds imports skyrocketed to $206 in 2022. In general, imports, however, continue to indicate a sharp decrease.
| Import of Cerium Compounds in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 187 | 264 | 120 | 205 | 3.1% |
| Germany | 25.0 | 24.0 | 1.0 | 1.0 | -65.8% |
| Spain | N/A | N/A | 3.0 | N/A | 0% |
| United Kingdom | 774 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 986 | 288 | 124 | 206 | -40.7% |
Top Suppliers of Cerium Compounds to Nigeria in 2022:
- India (12.0 kg)
- Germany (1.0 kg)
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