Price for Optical Elements; Polarising Material, Sheets and Plates Thereof in Nigeria - 2022
Contents:
- Price for Optical Elements; Polarising Material, Sheets and Plates Thereof in Nigeria (CIF) - 2022
- Price for Optical Elements; Polarising Material, Sheets and Plates Thereof in Nigeria (FOB) - 2022
- Imports of Optical Elements; Polarising Material, Sheets and Plates Thereof in Nigeria
- Exports of Optical Elements; Polarising Material, Sheets and Plates Thereof in Nigeria
Price for Optical Elements; Polarising Material, Sheets and Plates Thereof in Nigeria (CIF) - 2022
In 2022, the average import price for optical elements; polarising material, sheets and plates thereoves amounted to $33,632 per ton, declining by -67.8% against the previous year. Overall, the import price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 29%. Over the period under review, average import prices reached the maximum at $122,389 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +10.9% per year.
Price for Optical Elements; Polarising Material, Sheets and Plates Thereof in Nigeria (FOB) - 2022
In 2022, the average export price for optical elements; polarising material, sheets and plates thereoves amounted to $72,933 per ton, standing approx. at the previous year. Over the period under review, the export price, however, continues to indicate a noticeable decrease. Over the period under review, the average export prices attained the peak figure at $97,524 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.
From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to -1.1% per year.
Imports of Optical Elements; Polarising Material, Sheets and Plates Thereof in Nigeria
In 2022, supplies from abroad of optical elements; polarising material, sheets and plates thereoves decreased by -86.2% to 19 kg for the first time since 2018, thus ending a three-year rising trend. In general, imports faced a significant contraction. The most prominent rate of growth was recorded in 2020 with an increase of 94% against the previous year.
In value terms, imports of optical elements; polarising material, sheets and plates thereoves reduced dramatically to $639 in 2022. Over the period under review, imports saw a sharp slump. The pace of growth was the most pronounced in 2020 with an increase of 125%.
| Import of Optical Elements; Polarising Material, Sheets and Plates Thereof in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 0.6 | 0% |
| India | 3.9 | 8.5 | 13.7 | N/A | 87.4% |
| Turkey | 0.1 | 0.1 | 0.3 | N/A | 73.2% |
| Others | 0.1 | 0.7 | 0.4 | N/A | 100.0% |
| Total | 4.1 | 9.3 | 14.4 | 0.6 | -47.3% |
Top Suppliers of Optical Elements; Polarising Material, Sheets and Plates Thereof to Nigeria in 2022:
- United States (19.0 kg)
Exports of Optical Elements; Polarising Material, Sheets and Plates Thereof in Nigeria
After three years of growth, overseas shipments of optical elements; polarising material, sheets and plates thereoves decreased by -2.4% to 120 kg in 2022. The total export volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 5.1% against the previous year. As a result, the exports attained the peak of 123 kg, and then contracted slightly in the following year.
In value terms, exports of optical elements; polarising material, sheets and plates thereoves fell modestly to $8.8K in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 2.5%.
| Export of Optical Elements; Polarising Material, Sheets and Plates Thereof in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 8.4 | 8.6 | 8.9 | 8.8 | 1.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.4 | 8.6 | 8.9 | 8.8 | 1.6% |
Top Export Markets for Optical Elements; Polarising Material, Sheets and Plates Thereof from Nigeria in 2022:
- Cote d'Ivoire (120.0 kg)
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