Price for Lead Oxides; Red Lead and Orange Lead in Nigeria - 2022

Contents:

1. Price for Lead Oxides; Red Lead and Orange Lead in Nigeria (CIF) - 2022
2. Price for Lead Oxides; Red Lead and Orange Lead in Nigeria (FOB) - 2022
3. Imports of Lead Oxides; Red Lead and Orange Lead in Nigeria
4. Exports of Lead Oxides; Red Lead and Orange Lead in Nigeria

Price for Lead Oxides; Red Lead and Orange Lead in Nigeria (CIF) - 2022

In 2022, the average import price for lead oxides; red lead and orange leads amounted to $1,271 per ton, picking up by 4.2% against the previous year. In general, the import price, however, continues to indicate a slight decline. The growth pace was the most rapid in 2014 when the average import price increased by 37% against the previous year. The import price peaked at $2,280 per ton in 2016; however, from 2017 to 2022, import prices remained at a 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 the UK ($4,774 per ton), while the price for India ($1,006 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Lead Oxides; Red Lead and Orange Lead in Nigeria (FOB) - 2022

In 2022, the average export price for lead oxides; red lead and orange leads amounted to $365 per ton, which is down by -8.2% against the previous year. Over the period under review, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 22%. As a result, the export price reached the peak level of $3,444 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to -18.5% per year.

Imports of Lead Oxides; Red Lead and Orange Lead in Nigeria

Imports of lead oxides; red lead and orange leads into Nigeria soared to 465 tons in 2022, growing by 56% compared with the previous year's figure. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 123%. As a result, imports attained the peak of 750 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of lead oxides; red lead and orange leads surged to $591K in 2022. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 150% against the previous year. As a result, imports reached the peak of $763K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Lead Oxides; Red Lead and Orange Lead to Nigeria in 2022:

1. China (268.3 tons)
2. India (182.9 tons)
3. United Kingdom (8.9 tons)

Exports of Lead Oxides; Red Lead and Orange Lead in Nigeria

In 2022, exports of lead oxides; red lead and orange leads from Nigeria surged to 505 tons, picking up by 193% against the previous year's figure. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of lead oxides; red lead and orange leads soared to $184K in 2022. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Lead Oxides; Red Lead and Orange Lead from Nigeria in 2022:

1. China (505.0 tons)

Source: IndexBox Market Intelligence Platform