Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Nigeria - 2022
Contents:
- Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Nigeria (CIF) - 2022
- Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Nigeria (FOB) - 2022
- Imports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Nigeria
- Exports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Nigeria
Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Nigeria (CIF) - 2022
In 2022, the average import price for phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses amounted to $1,868 per ton, surging by 35% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses increased by +44.4% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Antigua and Barbuda ($12,839 per ton), while the price for Vietnam ($636 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Nigeria (FOB) - 2022
In 2022, the average export price for phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses amounted to $3,324 per ton, which is down by -4.2% against the previous year. In general, the export price recorded a slight reduction. The pace of growth appeared the most rapid in 2019 an increase of 51% against the previous year. Over the period under review, the average export prices reached the peak figure at $3,783 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($4,333 per ton), while the average price for exports to Benin ($364 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+6.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Nigeria
In 2022, overseas purchases of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses decreased by -12.9% to 10K tons, falling for the second consecutive year after two years of growth. In general, imports saw a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 54% against the previous year. As a result, imports attained the peak of 26K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses soared to $19M in 2022. Over the period under review, total imports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +2.2% 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 -32.2% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 57% against the previous year. As a result, imports attained the peak of $29M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.4 | 9.8 | 5.3 | 5.7 | -3.8% |
| Antigua and Barbuda | 2.9 | 3.8 | 3.7 | 5.1 | 20.7% |
| India | 0.6 | 1.7 | 1.8 | 1.4 | 32.6% |
| Tunisia | 0.5 | 1.4 | 0.2 | 0.7 | 11.9% |
| Vietnam | 0.2 | 1.4 | 0.4 | 0.7 | 51.8% |
| Belgium | 0.7 | 1.2 | 0.2 | 0.7 | 0.0% |
| Russia | 1.8 | 0.3 | 0.1 | 0.7 | -27.0% |
| Germany | 3.4 | 6.4 | 1.6 | 0.5 | -47.2% |
| Turkey | 0.1 | 0.4 | 0.5 | 0.3 | 44.2% |
| Spain | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Others | 1.6 | 2.1 | 2.5 | 3.2 | 26.0% |
| Total | 18.2 | 28.6 | 16.5 | 19.4 | 2.2% |
Top Suppliers of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates to Nigeria in 2022:
- China (4049.6 tons)
- Vietnam (1039.9 tons)
- Tunisia (882.0 tons)
- Belgium (871.9 tons)
- Russia (790.1 tons)
- India (631.5 tons)
- Antigua and Barbuda (395.7 tons)
- Turkey (226.8 tons)
- Spain (174.8 tons)
- Germany (90.5 tons)
Exports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Nigeria
In 2022, overseas shipments of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses were finally on the rise to reach 216 kg after two years of decline. In general, exports, however, showed a abrupt contraction.
In value terms, exports of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses expanded remarkably to $718 in 2022. The total export value increased at an average annual rate of +5.2% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 28% against the previous year. As a result, the exports attained the peak of $789. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 585 | 753 | 613 | 686 | 5.5% |
| Ghana | 6.0 | 6.0 | 4.0 | 4.0 | -12.6% |
| Benin | 8.0 | 8.0 | 5.0 | 4.0 | -20.6% |
| Others | 17.0 | 22.0 | 27.0 | 24.0 | 12.2% |
| Total | 616 | 789 | 649 | 718 | 5.2% |
Top Export Markets for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates from Nigeria in 2022:
- Niger (196.0 kg)
- Benin (11.0 kg)
- Ghana (3.0 kg)
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In value terms, phosphinates imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuat...
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