Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Nigeria - 2022
Contents:
- Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Nigeria (CIF) - 2022
- Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Nigeria (FOB) - 2022
- Imports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Nigeria
- Exports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Nigeria
Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Nigeria (CIF) - 2022
The average import price for polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s stood at $2,725 per ton in 2022, with a decrease of -27.6% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 121% against the previous year. The import price peaked at $4,538 per ton in 2020; however, from 2021 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 Germany ($7,373 per ton), while the price for China ($1,042 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Nigeria (FOB) - 2022
In 2022, the average export price for polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s amounted to $3,518 per ton, almost unchanged from the previous year. In general, the export price saw a noticeable decrease. The pace of growth was the most pronounced in 2021 when the average export price decreased by 99.9%. The export price peaked at $4,514 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2016 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -55.8% per year.
Imports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Nigeria
In 2022, purchases abroad of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s decreased by -51.9% to 540 tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a deep reduction. The growth pace was the most rapid in 2020 when imports increased by 87%. As a result, imports attained the peak of 1.8K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s reduced notably to $1.5M in 2022. Over the period under review, imports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 91% against the previous year. As a result, imports attained the peak of $8.3M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2,060 | 4,577 | 1,193 | 675 | -31.1% |
| China | 90.0 | 89.0 | 313 | 312 | 51.3% |
| India | 40.8 | 565 | 349 | 149 | 54.0% |
| Malaysia | 63.8 | 192 | 313 | 139 | 29.6% |
| Spain | 4.6 | 8.7 | 2.8 | 97.1 | 176.4% |
| Thailand | N/A | N/A | 24.2 | 69.6 | 187.6% |
| France | 9.2 | 6.8 | 1.6 | 30.7 | 49.4% |
| South Africa | 35.9 | 109 | 11.1 | N/A | -44.4% |
| Singapore | 132 | 183 | 208 | N/A | 25.5% |
| Canada | 70.3 | 239 | 161 | N/A | 51.3% |
| Others | 1,833 | 2,334 | 1,645 | N/A | -5.3% |
| Total | 4,339 | 8,302 | 4,222 | 1,472 | -30.3% |
Top Suppliers of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) to Nigeria in 2022:
- China (299.1 tons)
- Germany (91.5 tons)
- India (47.6 tons)
- Malaysia (41.4 tons)
- Thailand (20.5 tons)
- Spain (20.4 tons)
- France (19.7 tons)
Exports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Nigeria
Exports of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s from Nigeria totaled 220 kg in 2022, approximately equating the previous year. Overall, exports continue to indicate a precipitous decrease. The smallest decline of 99.9% was in 2021.
In value terms, exports of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s totaled $774 in 2022. In general, exports posted a slight increase. The smallest decline of 99.9% was in 2021. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United Arab Emirates | 144 | N/A | 774 | 131.8% | |
| Cameroon | 611 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 755 | N/A | 774 | 1.3% | |
Top Export Markets for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) from Nigeria in 2022:
- United Arab Emirates (220.0 kg)
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