Price for Fluorspar; Containing by Weight More than 97% of Calcium Fluoride in Nigeria - 2023
Contents:
- Price for Fluorspar; Containing by Weight More than 97% of Calcium Fluoride in Nigeria (FOB) - 2022
- Price for Fluorspar; Containing by Weight More than 97% of Calcium Fluoride in Nigeria (CIF) - 2022
- Exports of Fluorspar; Containing by Weight More than 97% of Calcium Fluoride in Nigeria
- Imports of Fluorspar; Containing by Weight More than 97% of Calcium Fluoride in Nigeria
Price for Fluorspar; Containing by Weight More than 97% of Calcium Fluoride in Nigeria (FOB) - 2022
The average export price for fluorspar; containing by weight more than 97% of calcium fluorides stood at $216 per ton in 2022, shrinking by -31.9% against the previous year. Over the period under review, the export price, however, recorded a significant expansion. The export price peaked at $318 per ton in 2021, and then contracted remarkably in the following year.
As there is only one major export destination, the average price level is determined by prices for China.
From 2019 to 2022, the rate of growth in terms of prices for China amounted to -32.1% per year.
Price for Fluorspar; Containing by Weight More than 97% of Calcium Fluoride in Nigeria (CIF) - 2022
The average import price for fluorspar; containing by weight more than 97% of calcium fluorides stood at $1,008 per ton in 2021, jumping by 74% against the previous year. In general, the import price posted significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($1,215 per ton), while the price for China amounted to $970 per ton.
From 2016 to 2021, the most notable rate of growth in terms of prices was attained by India (+28.9%).
Exports of Fluorspar; Containing by Weight More than 97% of Calcium Fluoride in Nigeria
In 2022, the amount of fluorspar; containing by weight more than 97% of calcium fluorides exported from Nigeria skyrocketed to 1.3K tons, growing by 211% compared with 2021 figures. Over the period under review, exports, however, faced a drastic downturn.
In value terms, exports of fluorspar; containing by weight more than 97% of calcium fluorides surged to $276K in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Fluorspar; Containing by Weight More than 97% of Calcium Fluoride in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 130 | 276 | 112.3% |
| Togo | 111 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 111 | N/A | 130 | 276 | 35.5% |
Top Export Markets for Fluorspar; Containing by Weight More than 97% of Calcium Fluoride from Nigeria in 2022:
- China (1275.3 tons)
Imports of Fluorspar; Containing by Weight More than 97% of Calcium Fluoride in Nigeria
In 2021, approx. 15 tons of fluorspar; containing by weight more than 97% of calcium fluorides were imported into Nigeria; with a decrease of -86.2% compared with 2020. Over the period under review, imports recorded a dramatic curtailment.
In value terms, imports of fluorspar; containing by weight more than 97% of calcium fluorides shrank markedly to $15K in 2021. In general, imports continue to indicate a precipitous slump.
| Import of Fluorspar; Containing by Weight More than 97% of Calcium Fluoride in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| China | 49.8 | 12.3 | -75.3% | ||
| India | 12.9 | 2.8 | -78.3% | ||
| Others | N/A | N/A | 0% | ||
| Total | 62.7 | 15.1 | -75.9% | ||
Top Suppliers of Fluorspar; Containing by Weight More than 97% of Calcium Fluoride to Nigeria in 2022:
- China (12.7 tons)
- India (2.3 tons)
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