Nigeria - Hydrogen Chloride (Hydrochloric Acid) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHydrogen Chloride Price in Nigeria - 2022
Contents:
- Hydrogen Chloride Price in Nigeria (CIF) - 2022
- Hydrogen Chloride Price in Nigeria (FOB) - 2022
- Hydrogen Chloride Imports in Nigeria
- Hydrogen Chloride Exports in Nigeria
Hydrogen Chloride Price in Nigeria (CIF) - 2022
The average hydrogen chloride import price stood at $667 per ton in June 2022, with an increase of 66% against the previous month. Overall, the import price recorded a strong expansion. The most prominent rate of growth was recorded in April 2022 when the average import price increased by 82% m-o-m. As a result, import price attained the peak level of $742 per ton. From May 2022 to June 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2022, the country with the highest price was Pakistan ($806 per ton), while the price for India stood at $530 per ton.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+11.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Hydrogen Chloride Price in Nigeria (FOB) - 2022
The average hydrogen chloride export price stood at $284 per ton in 2022, approximately equating the previous year. Over the period under review, the export price, however, showed a deep reduction. The pace of growth was the most pronounced in 2016 an increase of 91%. Over the period under review, the average export prices hit record highs at $992 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Niger ($209 per ton), while the average price for exports to Benin totaled $47 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (-9.7%).
Hydrogen Chloride Imports in Nigeria
In 2022, overseas purchases of hydrogen chloride (hydrochloric acid) decreased by -6.7% to 10K tons, falling for the second year in a row after two years of growth. Over the period under review, total imports indicated a measured expansion from 2019 to 2022: its volume increased at an average annual rate of +2.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 51% against the previous year. As a result, imports reached the peak of 15K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, hydrogen chloride imports skyrocketed to $4.9M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +24.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 91%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Import of Hydrogen Chloride in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 1.0 | 2.7 | 2.2 | 3.3 | 48.9% |
| India | 1.1 | 1.6 | 0.8 | 1.2 | 2.9% |
| South Africa | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Egypt | N/A | N/A | 0.4 | N/A | 0% |
| Others | 0.3 | 0.4 | 0.4 | 0.2 | -12.6% |
| Total | 2.6 | 4.9 | 3.9 | 4.9 | 23.5% |
Top Suppliers of Hydrogen Chloride to Nigeria in 2022:
- Pakistan (11.1K tons)
- India (4.1K tons)
- South Africa (0.4K tons)
Hydrogen Chloride Exports in Nigeria
In 2022, exports of hydrogen chloride (hydrochloric acid) from Nigeria soared to 13 tons, rising by 49% against the year before. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 433% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, hydrogen chloride exports soared to $3.8K in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 234% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Hydrogen Chloride in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | 68.0 | 535 | 9.0 | 770 | 124.6% |
| Niger | 341 | 224 | 3.0 | 63.0 | -43.0% |
| Ghana | N/A | N/A | 895 | N/A | 0% |
| Others | 1.0 | N/A | 1,628 | 2,987 | 1340.2% |
| Total | 410 | 759 | 2,535 | 3,820 | 110.4% |
Top Export Markets for Hydrogen Chloride from Nigeria in 2022:
- Benin (16.4 tons)
- Niger (0.3 tons)
This report provides an in-depth analysis of the hydrogen chloride market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20132413 - Hydrogen chloride (hydrochloric acid)
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In value terms, hydrogen, rare gases and other non-metals imports amounted to $X in 2016. Overall, it indicated a modest increase from 2007 to 2016: the total imports value increased at an average a...
930
In value terms, hydrogen peroxide imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern remained relatively stable...
695
In value terms, hydrogen, rare gases and other non-metals exports totaled $X in 2016. Overall, it indicated a pronounced growth from 2007 to 2016: the total exports value increased at an average ann...
2155
In value terms, hydrogen peroxide exports totaled $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some notice...
