Price for Chlorates and Perchlorates; Bromates and Perbromates; Iodates and Periodates in Nigeria - 2022

Contents:

1. Price for Chlorates and Perchlorates; Bromates and Perbromates; Iodates and Periodates in Nigeria (CIF) - 2022
2. Price for Chlorates and Perchlorates; Bromates and Perbromates; Iodates and Periodates in Nigeria (FOB) - 2022
3. Imports of Chlorates and Perchlorates; Bromates and Perbromates; Iodates and Periodates in Nigeria
4. Exports of Chlorates and Perchlorates; Bromates and Perbromates; Iodates and Periodates in Nigeria

Price for Chlorates and Perchlorates; Bromates and Perbromates; Iodates and Periodates in Nigeria (CIF) - 2022

In 2022, the average import price for chlorates and perchlorates; bromates and perbromates; iodates and periodateses amounted to $20,019 per ton, picking up by 181% against the previous year. Over the period under review, the import price enjoyed a temperate increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 430%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($34,383 per ton), while the price for Israel ($4,883 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+128.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chlorates and Perchlorates; Bromates and Perbromates; Iodates and Periodates in Nigeria (FOB) - 2022

In 2022, the average export price for chlorates and perchlorates; bromates and perbromates; iodates and periodateses amounted to $2,969 per ton, growing by 93% against the previous year. Overall, the export price showed a pronounced expansion. The growth pace was the most rapid in 2014 when the average export price increased by 112%. Over the period under review, the average export prices attained the maximum at $12,909 per ton in 2017; however, from 2018 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 Benin ($3,467 per ton), while the average price for exports to Niger stood at $1,448 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (-5.0%).

Imports of Chlorates and Perchlorates; Bromates and Perbromates; Iodates and Periodates in Nigeria

In 2022, overseas purchases of chlorates and perchlorates; bromates and perbromates; iodates and periodateses decreased by -29.8% to 248 tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 76% against the previous year. As a result, imports attained the peak of 615 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of chlorates and perchlorates; bromates and perbromates; iodates and periodateses surged to $5M in 2022. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 287% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

Top Suppliers of Chlorates and Perchlorates; Bromates and Perbromates; Iodates and Periodates to Nigeria in 2022:

1. India (200.6 tons)
2. Chile (41.9 tons)
3. Israel (4.9 tons)

Exports of Chlorates and Perchlorates; Bromates and Perbromates; Iodates and Periodates in Nigeria

In 2022, after three years of growth, there was significant decline in overseas shipments of chlorates and perchlorates; bromates and perbromates; iodates and periodateses, when their volume decreased by -34.7% to 426 kg. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 1,490% against the previous year.

In value terms, exports of chlorates and perchlorates; bromates and perbromates; iodates and periodateses skyrocketed to $1.3K in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 484% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Top Export Markets for Chlorates and Perchlorates; Bromates and Perbromates; Iodates and Periodates from Nigeria in 2022:

1. Benin (321.0 kg)
2. Niger (105.0 kg)

Source: IndexBox Market Intelligence Platform