Price for Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Nigeria - 2023
Contents:
- Price for Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Nigeria (CIF) - 2022
- Imports of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Nigeria
Price for Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Nigeria (CIF) - 2022
The average import price for colouring matter; pigments and preparations based on chromium compoundses stood at $2,244 per ton in 2022, with an increase of 3.8% against the previous year. In general, the import price, however, showed a pronounced decline. The pace of growth was the most pronounced in 2016 when the average import price increased by 26%. Over the period under review, average import prices hit record highs at $4,750 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($4,804 per ton), while the price for South Korea ($1,659 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Nigeria
For the fourth consecutive year, Nigeria recorded growth in supplies from abroad of colouring matter; pigments and preparations based on chromium compoundses, which increased by 19% to 2.1K tons in 2022. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 116%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of colouring matter; pigments and preparations based on chromium compoundses soared to $4.7M in 2022. In general, imports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 51% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 546 | 1,106 | 2,100 | 2,778 | 72.0% |
| India | 1,186 | 1,506 | 1,455 | 1,759 | 14.0% |
| China | 33.6 | N/A | 30.9 | 96.5 | 42.1% |
| Canada | 199 | 158 | 215 | 70.4 | -29.3% |
| Egypt | N/A | 139 | N/A | N/A | 0% |
| Others | 109 | 219 | 7.3 | N/A | -74.1% |
| Total | 2,073 | 3,129 | 3,809 | 4,703 | 31.4% |
Top Suppliers of Colouring Matter; Pigments and Preparations Based On Chromium Compounds to Nigeria in 2022:
- South Korea (1674.3 tons)
- India (366.1 tons)
- China (36.6 tons)
- Canada (18.5 tons)
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