Price for Asbestos, Other than Crocidolite in Nigeria - 2022

Price for Asbestos, Other than Crocidolite in Nigeria (CIF) - 2022

In 2022, the average asbestos, other than crocidolite import price amounted to $282 per ton, which is down by -64.1% against the previous year. Overall, the import price continues to indicate a deep contraction. The growth pace was the most rapid in 2020 when the average import price increased by 32%. As a result, import price attained the peak level of $1,082 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +12.2% per year.

Imports of Asbestos, Other than Crocidolite in Nigeria

Asbestos, other than crocidolite imports into Nigeria reduced to 64 tons in 2022, with a decrease of -5.7% against 2021. Over the period under review, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 35%.

In value terms, asbestos, other than crocidolite imports fell remarkably to $18K in 2022. In general, imports saw a precipitous shrinkage. The smallest decline of -2% was in 2021.

Import of Asbestos, Other than Crocidolite in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	4.6	8.0	8.5	18.0	57.6%
Russia	36.6	19.9	19.3	N/A	-27.4%
India	0.6	0.1	0.4	N/A	-18.4%
Brazil	49.3	26.2	24.9	N/A	-28.9%
Others	N/A	N/A	N/A	N/A	0%
Total	91.0	54.2	53.1	18.0	-41.7%