Price for Cement of Hydraulic Kinds in Nigeria - 2022
Contents:
- Price for Cement of Hydraulic Kinds in Nigeria (CIF) - 2022
- Imports of Cement of Hydraulic Kinds in Nigeria
Price for Cement of Hydraulic Kinds in Nigeria (CIF) - 2022
The average cement of hydraulic kinds import price stood at $300 per ton in 2022, picking up by 48% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cement of hydraulic kinds import price increased by +100.8% against 2020 indices. Over the period under review, average import prices hit record highs at $310 per ton in 2018; however, from 2019 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 ($478 per ton), while the price for Germany stood at $288 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+15.7%).
Imports of Cement of Hydraulic Kinds in Nigeria
In 2022, imports of cement of hydraulic kindses into Nigeria fell significantly to 14K tons, with a decrease of -16.6% against the previous year's figure. Overall, imports recorded a drastic downturn. The smallest decline of -0.4% was in 2021.
In value terms, cement of hydraulic kinds imports skyrocketed to $4.3M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +8.6% 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 +66.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 35% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Cement of Hydraulic Kinds in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.9 | 1.6 | 3.1 | 3.9 | 10.4% |
| India | N/A | 0.9 | 0.2 | 0.1 | -66.7% |
| Others | 0.4 | N/A | 0.1 | 0.3 | -9.1% |
| Total | 3.3 | 2.6 | 3.5 | 4.3 | 9.2% |
Top Suppliers of Cement of Hydraulic Kinds to Nigeria in 2022:
- Germany (13.4K tons)
- India (0.3K tons)
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