Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Nigeria - 2022
Contents:
- Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Nigeria (CIF) - 2022
- Imports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Nigeria
Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Nigeria (CIF) - 2022
The average import price for magnesium; raspings, turnings and granules, graded according to size, powderses stood at $2,077 per ton in 2022, with an increase of 11% against the previous year. Overall, the import price, however, continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 26%. Over the period under review, average import prices attained the peak figure at $15,591 per ton 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 the UK ($2,864 per ton), while the price for Germany totaled $150 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-6.5%).
Imports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Nigeria
In 2022, the amount of magnesium; raspings, turnings and granules, graded according to size, powderses imported into Nigeria reduced notably to 5.6 tons, shrinking by -37.2% on 2021 figures. In general, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 1,531%. As a result, imports attained the peak of 9 tons, and then reduced dramatically in the following year.
In value terms, imports of magnesium; raspings, turnings and granules, graded according to size, powderses declined rapidly to $12K in 2022. Overall, imports, however, posted a mild increase. The pace of growth appeared the most rapid in 2021 with an increase of 510% against the previous year. As a result, imports attained the peak of $17K, and then reduced sharply in the following year.
Import of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 11.0 | 2.8 | 2.2 | 11.5 | 1.5% |
Germany | N/A | N/A | N/A | 0.2 | 0% |
Hong Kong SAR | N/A | N/A | 14.7 | N/A | 0% |
Kenya | 0.2 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 11.2 | 2.8 | 16.9 | 11.7 | 1.5% |
Top Suppliers of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders to Nigeria in 2022:
- United Kingdom (4.0 tons)
- Germany (1.6 tons)
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