Price for Colouring Matter; Lithopone and Other Pigments and Preparations Based On Zinc Sulphide in Nigeria - 2022
Contents:
- Price for Colouring Matter; Lithopone and Other Pigments and Preparations Based On Zinc Sulphide in Nigeria (CIF) - 2022
- Price for Colouring Matter; Lithopone and Other Pigments and Preparations Based On Zinc Sulphide in Nigeria (FOB) - 2022
- Imports of Colouring Matter; Lithopone and Other Pigments and Preparations Based On Zinc Sulphide in Nigeria
- Exports of Colouring Matter; Lithopone and Other Pigments and Preparations Based On Zinc Sulphide in Nigeria
Price for Colouring Matter; Lithopone and Other Pigments and Preparations Based On Zinc Sulphide in Nigeria (CIF) - 2022
The average import price for colouring matter; lithopone and other pigments and preparations based on zinc sulphides stood at $2,576 per ton in 2022, waning by -41.8% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 75% against the previous year. Over the period under review, average import prices attained the maximum at $4,425 per ton in 2021, and then dropped notably in the following year.
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 ($2,924 per ton), while the price for the Netherlands ($1,184 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Colouring Matter; Lithopone and Other Pigments and Preparations Based On Zinc Sulphide in Nigeria (FOB) - 2022
In 2021, the average export price for colouring matter; lithopone and other pigments and preparations based on zinc sulphides amounted to $3,389 per ton, leveling off at the previous year. Over the period under review, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of 51% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.
From 2012 to 2021, the rate of growth in terms of prices for Ghana amounted to +22.5% per year.
Imports of Colouring Matter; Lithopone and Other Pigments and Preparations Based On Zinc Sulphide in Nigeria
For the fourth year in a row, Nigeria recorded growth in supplies from abroad of colouring matter; lithopone and other pigments and preparations based on zinc sulphides, which increased by 311% to 31 tons in 2022. In general, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of colouring matter; lithopone and other pigments and preparations based on zinc sulphides skyrocketed to $81K in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 332%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Colouring Matter; Lithopone and Other Pigments and Preparations Based On Zinc Sulphide in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.7 | 6.1 | 14.0 | 64.9 | 236.7% |
| China | N/A | 0.2 | 2.0 | 14.8 | 760.2% |
| Netherlands | N/A | N/A | N/A | 1.2 | 0% |
| Belgium | 0.5 | 2.7 | 15.1 | N/A | 449.5% |
| United Kingdom | 0.1 | 0.7 | 1.2 | N/A | 246.4% |
| France | N/A | N/A | 0.8 | N/A | 0% |
| Others | N/A | 0.1 | 0.6 | N/A | 500.0% |
| Total | 2.3 | 9.8 | 33.8 | 80.8 | 227.5% |
Top Suppliers of Colouring Matter; Lithopone and Other Pigments and Preparations Based On Zinc Sulphide to Nigeria in 2022:
- India (22.2 tons)
- China (8.2 tons)
- Netherlands (1.0 tons)
Exports of Colouring Matter; Lithopone and Other Pigments and Preparations Based On Zinc Sulphide in Nigeria
Exports of colouring matter; lithopone and other pigments and preparations based on zinc sulphides from Nigeria contracted rapidly to 13 tons in 2021, falling by -24% on the previous year's figure. Over the period under review, exports continue to indicate a sharp decline.
In value terms, exports of colouring matter; lithopone and other pigments and preparations based on zinc sulphides dropped dramatically to $43K in 2021. In general, exports continue to indicate a sharp slump.
| Export of Colouring Matter; Lithopone and Other Pigments and Preparations Based On Zinc Sulphide in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| Cote d'Ivoire | 56.4 | 43.0 | -23.8% | ||
| Others | N/A | N/A | 0% | ||
| Total | 56.4 | 43.0 | -23.8% | ||
Top Export Markets for Colouring Matter; Lithopone and Other Pigments and Preparations Based On Zinc Sulphide from Nigeria in 2022:
- Cote d'Ivoire (12.7 tons)
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