Price for Hydrogen, Rare Gases and Other Non-Metals in Nigeria - 2022
Contents:
- Price for Hydrogen, Rare Gases and Other Non-Metals in Nigeria (CIF) - 2022
- Imports of Hydrogen, Rare Gases and Other Non-Metals in Nigeria
Price for Hydrogen, Rare Gases and Other Non-Metals in Nigeria (CIF) - 2022
The average import price for hydrogen, rare gases and other non-metalses stood at $1.7 per cubic meter in 2022, falling by -4.9% against the previous year. In general, the import price saw a mild contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 40%. Over the period under review, average import prices reached the peak figure at $2 per cubic meter in 2012; however, from 2013 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 ($2.5 per cubic meter), while the price for France ($0.7 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.4%), while the prices for the other major suppliers experienced a decline.
Imports of Hydrogen, Rare Gases and Other Non-Metals in Nigeria
In 2022, imports of hydrogen, rare gases and other non-metalses into Nigeria expanded modestly to 4.3M cubic meters, surging by 2.7% on the previous year's figure. Over the period under review, imports, however, faced a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 33%. As a result, imports attained the peak of 7.9M cubic meters. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of hydrogen, rare gases and other non-metalses reduced to $7.5M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +6.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 67%. As a result, imports attained the peak of $10M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Hydrogen, Rare Gases and Other Non-Metals in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,681 | 3,273 | 3,355 | 2,807 | 18.6% |
| Singapore | 35.2 | 681 | 809 | 1,996 | 284.2% |
| United Arab Emirates | 588 | 981 | 151 | 785 | 10.1% |
| Belgium | 1,354 | 1,773 | 600 | 486 | -28.9% |
| India | 67.7 | 96.3 | 752 | 386 | 78.6% |
| France | 640 | 572 | 146 | 160 | -37.0% |
| Hong Kong SAR | 150 | 228 | 154 | N/A | 1.3% |
| Bolivia | N/A | 833 | N/A | N/A | 0% |
| Netherlands | 533 | 1,115 | 238 | N/A | -33.2% |
| Others | 1,205 | 870 | 1,452 | 861 | -10.6% |
| Total | 6,255 | 10,421 | 7,655 | 7,481 | 6.1% |
Top Suppliers of Hydrogen, Rare Gases and Other Non-Metals to Nigeria in 2022:
- Singapore (1243.0K cubic meters)
- China (1126.5K cubic meters)
- United Arab Emirates (889.0K cubic meters)
- Belgium (334.3K cubic meters)
- India (249.4K cubic meters)
- France (234.4K cubic meters)
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