Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Nigeria - 2022
Contents:
- Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Nigeria (CIF) - 2022
- Imports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Nigeria
Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Nigeria (CIF) - 2022
The average import price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses stood at $764 per ton in 2022, shrinking by -30.3% against the previous year. In general, the import price continues to indicate a deep downturn. The growth pace was the most rapid in 2018 an increase of 36% against the previous year. The import price peaked at $1,490 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 ($1,992 per ton), while the price for China ($675 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.9%), while the prices for the other major suppliers experienced a decline.
Imports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Nigeria
In 2022, approx. 13K tons of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses were imported into Nigeria; rising by 1,587% against the previous year's figure. Over the period under review, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses soared to $9.6M in 2022. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,276 | 4,626 | 212 | 7,841 | 83.2% |
| India | 59.4 | 126 | 125 | 670 | 124.3% |
| Belgium | 365 | 960 | 85.2 | 389 | 2.1% |
| Vietnam | N/A | 235 | 99.8 | 68.2 | -46.1% |
| Brazil | 219 | 545 | 1.0 | N/A | -93.2% |
| Others | 234 | 300 | 292 | 611 | 37.7% |
| Total | 2,154 | 6,791 | 814 | 9,579 | 64.4% |
Top Suppliers of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids to Nigeria in 2022:
- China (11.6K tons)
- Belgium (0.3K tons)
- India (0.3K tons)
- Vietnam (0.1K tons)
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