Nigeria - Oxides Of Boron, Boric Acids And Inorganic Acids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingOxides of Boron Price in Nigeria - 2022
Contents:
- Oxides of Boron Price in Nigeria (CIF) - 2022
- Oxides of Boron Price in Nigeria (FOB) - 2022
- Oxides of Boron Imports in Nigeria
- Oxides of Boron Exports in Nigeria
Oxides of Boron Price in Nigeria (CIF) - 2022
In 2022, the average oxides of boron import price amounted to $1,795 per ton, rising by 47% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $1,825 per ton in 2012; afterwards, it flattened through to 2022.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($2,425 per ton), while the price for the Netherlands ($924 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Oxides of Boron Price in Nigeria (FOB) - 2022
In 2022, the average oxides of boron export price amounted to $227 per ton, growing by 160% against the previous year. In general, the export price, however, saw a deep contraction. The export price peaked at $529 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($227 per ton), while the average price for exports to Niger totaled $227 per ton.
From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+10.7%), while the prices for the other major destinations experienced a decline.
Oxides of Boron Imports in Nigeria
In 2022, purchases abroad of oxides of boron, boric acids and inorganic acids decreased by -67.1% to 250 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 69% against the previous year. As a result, imports reached the peak of 758 tons, and then declined markedly in the following year.
In value terms, oxides of boron imports declined remarkably to $448K in 2022. Overall, imports, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 57%.
Import of Oxides of Boron in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 74.1 | 211 | 236 | 136 | 22.4% |
South Korea | 97.3 | 126 | 177 | 107 | 3.2% |
Turkey | 7.8 | 47.2 | 101 | 50.9 | 86.9% |
United States | 21.7 | 46.2 | 73.6 | 37.1 | 19.6% |
China | 44.8 | 43.3 | 31.3 | 24.1 | -18.7% |
Spain | 22.3 | 7.4 | 37.7 | 19.0 | -5.2% |
Netherlands | 13.2 | 15.4 | 18.5 | 9.2 | -11.3% |
Chile | N/A | 34.5 | 34.0 | N/A | -1.4% |
Singapore | N/A | N/A | 58.3 | N/A | 0% |
Others | 117 | 93.8 | 154 | 65.4 | -17.6% |
Total | 398 | 625 | 922 | 448 | 4.0% |
Top Suppliers of Oxides of Boron to Nigeria in 2022:
- India (55.9 tons)
- Turkey (48.5 tons)
- South Korea (45.5 tons)
- United States (29.6 tons)
- China (21.9 tons)
- Spain (20.4 tons)
- Netherlands (10.0 tons)
Oxides of Boron Exports in Nigeria
In 2022, overseas shipments of oxides of boron, boric acids and inorganic acids decreased by -98.3% to 137 tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports faced a sharp curtailment. The growth pace was the most rapid in 2021 with an increase of 815% against the previous year. As a result, the exports reached the peak of 8.3K tons, and then shrank dramatically in the following year.
In value terms, oxides of boron exports dropped dramatically to $31K in 2022. In general, exports showed a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 57%. As a result, the exports attained the peak of $722K, and then contracted notably in the following year.
Export of Oxides of Boron in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
Benin | 0.2 | 0.6 | 15.9 | 791.6% | |
Niger | 0.1 | 0.5 | 15.2 | 1132.9% | |
Spain | 272 | 31.5 | N/A | -88.4% | |
China | 88.4 | 84.5 | N/A | -4.4% | |
Germany | N/A | 216 | N/A | 0% | |
Vietnam | N/A | 50.0 | N/A | 0% | |
United Kingdom | N/A | 14.3 | N/A | 0% | |
Portugal | N/A | 8.8 | N/A | 0% | |
Turkey | N/A | 28.1 | N/A | 0% | |
Others | 99.8 | 287 | 0.1 | -96.8% | |
Total | 460 | 722 | 31.2 | -74.0% |
Top Export Markets for Oxides of Boron from Nigeria in 2022:
- Benin (70.1 tons)
- Niger (66.8 tons)
This report provides an in-depth analysis of the oxides of boron 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 20132460 - Oxides of boron, boric acids, inorganic acids (excluding hydrogen fluoride)
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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