Price for Fluorspar; Containing by Weight 97% or Less of Calcium Fluoride in Nigeria - 2023
Contents:
- Price for Fluorspar; Containing by Weight 97% or Less of Calcium Fluoride in Nigeria (FOB) - 2022
- Price for Fluorspar; Containing by Weight 97% or Less of Calcium Fluoride in Nigeria (CIF) - 2022
- Exports of Fluorspar; Containing by Weight 97% or Less of Calcium Fluoride in Nigeria
- Imports of Fluorspar; Containing by Weight 97% or Less of Calcium Fluoride in Nigeria
Price for Fluorspar; Containing by Weight 97% or Less of Calcium Fluoride in Nigeria (FOB) - 2022
In 2022, the average export price for fluorspar; containing by weight 97% or less of calcium fluorides amounted to $131 per ton, waning by -8.8% against the previous year. In general, the export price saw a deep setback. The export price peaked at $316 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($251 per ton), while the average price for exports to Niger ($92 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (-14.3%).
Price for Fluorspar; Containing by Weight 97% or Less of Calcium Fluoride in Nigeria (CIF) - 2022
The average import price for fluorspar; containing by weight 97% or less of calcium fluorides stood at $260 per ton in 2022, approximately mirroring the previous year. Over the period under review, the import price recorded a noticeable descent. The pace of growth was the most pronounced in 2015 an increase of 46% against the previous year. Over the period under review, average import prices hit record highs at $884 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
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 China ($690 per ton), while the price for Pakistan ($164 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+58.0%).
Exports of Fluorspar; Containing by Weight 97% or Less of Calcium Fluoride in Nigeria
For the third consecutive year, Nigeria recorded growth in shipments abroad of fluorspar; containing by weight 97% or less of calcium fluorides, which increased by 168% to 11K tons in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 1,298% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of fluorspar; containing by weight 97% or less of calcium fluorides skyrocketed to $1.4M in 2022. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 918%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Fluorspar; Containing by Weight 97% or Less of Calcium Fluoride in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| India | 20.7 | 481 | 965 | 582.8% | |
| Turkey | N/A | N/A | 470 | 0% | |
| Indonesia | N/A | 106 | N/A | 0% | |
| Others | 37.1 | 0.5 | 4.0 | -67.2% | |
| Total | 57.7 | 588 | 1,438 | 399.2% | |
Top Export Markets for Fluorspar; Containing by Weight 97% or Less of Calcium Fluoride from Nigeria in 2022:
- India (9.1K tons)
- Turkey (1.9K tons)
Imports of Fluorspar; Containing by Weight 97% or Less of Calcium Fluoride in Nigeria
Imports of fluorspar; containing by weight 97% or less of calcium fluorides into Nigeria stood at 115 tons in 2022, almost unchanged from 2021 figures. Over the period under review, imports posted significant growth. The smallest decline of 99.9% was in 2021. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of fluorspar; containing by weight 97% or less of calcium fluorides totaled $30K in 2022. In general, imports showed mild growth. The smallest decline of 99.9% was in 2021. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Fluorspar; Containing by Weight 97% or Less of Calcium Fluoride in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United Arab Emirates | N/A | N/A | 15.7 | 0% | |
| Pakistan | N/A | N/A | 10.6 | 0% | |
| China | 29.2 | N/A | 3.6 | -64.9% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 29.2 | N/A | 29.9 | 1.2% | |
Top Suppliers of Fluorspar; Containing by Weight 97% or Less of Calcium Fluoride to Nigeria in 2022:
- Pakistan (64.4 tons)
- United Arab Emirates (45.4 tons)
- China (5.3 tons)
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