Mica; Powder Price in Nigeria - 2022
Contents:
- Mica; Powder Price in Nigeria (FOB) - 2022
- Mica; Powder Price in Nigeria (CIF) - 2022
- Mica; Powder Exports in Nigeria
- Mica; Powder Imports in Nigeria
Mica; Powder Price in Nigeria (FOB) - 2022
The average mica; powder export price stood at $230 per ton in 2022, waning by -14.7% against the previous year. Overall, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 an increase of 17% against the previous year. The export price peaked at $990 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Niger ($526 per ton), while the average price for exports to China totaled $226 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (-5.3%).
Mica; Powder Price in Nigeria (CIF) - 2022
The average mica; powder import price stood at $1,016 per ton in 2022, rising by 6% against the previous year. Over the period under review, the import price posted a notable expansion. The growth pace was the most rapid in 2020 an increase of 63% against the previous year. The import price peaked at $1,285 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($994 per ton), while the price for China ($500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Mica; Powder Exports in Nigeria
In 2022, the amount of mica; powders exported from Nigeria shrank remarkably to 487 tons, which is down by -26% compared with the previous year's figure. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 236% against the previous year. As a result, the exports attained the peak of 658 tons, and then dropped notably in the following year.
In value terms, mica; powder exports shrank markedly to $112K in 2022. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 281%. As a result, the exports reached the peak of $178K, and then declined dramatically in the following year.
| Export of Mica; Powder in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 40.6 | 43.2 | 172 | 109 | 39.0% |
| Niger | 0.3 | 3.5 | 5.3 | 3.3 | 122.4% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 40.9 | 46.6 | 178 | 112 | 39.9% |
Top Export Markets for Mica; Powder from Nigeria in 2022:
- China (480.8 tons)
- Niger (6.3 tons)
Mica; Powder Imports in Nigeria
In 2022, after three years of growth, there was significant decline in purchases abroad of mica; powders, when their volume decreased by -26.7% to 146 tons. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 141% against the previous year.
In value terms, mica; powder imports shrank rapidly to $148K in 2022. Overall, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 294% against the previous year.
| Import of Mica; Powder in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 23.3 | 81.2 | 170 | 135 | 79.6% |
| India | 0.6 | 7.1 | 0.9 | 5.5 | 109.3% |
| United Kingdom | 1.7 | 4.7 | 7.8 | 5.0 | 43.3% |
| China | 0.4 | 2.3 | 1.6 | 1.2 | 44.2% |
| Others | 0.8 | 10.3 | 10.3 | 1.2 | 14.5% |
| Total | 26.8 | 106 | 191 | 148 | 76.8% |
Top Suppliers of Mica; Powder to Nigeria in 2022:
- Egypt (136.1 tons)
- India (5.6 tons)
- China (2.4 tons)
- United Kingdom (1.0 tons)
3056
This report provides an in-depth analysis of the mica market in Nigeria.
1746
This report provides an in-depth analysis of the global mica market.
3056
This report provides an in-depth analysis of the mica market in Nigeria.
1746
This report provides an in-depth analysis of the global mica market.
1953
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In value terms, mica and mica waste exports totaled $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total exports value increased at an average annual rate of +X% over...
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Global exports of mica fluctuated over the period under review. 2009 saw the largest drop of X%, followed by a steep increase in 2010. Exports slightly declined the year after that, switching to a growth trend in 2012 and 2013. After a slight decline
1953
In value terms, mica and mica waste imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some not...
1007
In value terms, mica and mica waste exports totaled $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total exports value increased at an average annual rate of +X% over...
1963
Global exports of mica fluctuated over the period under review. 2009 saw the largest drop of X%, followed by a steep increase in 2010. Exports slightly declined the year after that, switching to a growth trend in 2012 and 2013. After a slight decline
