Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Nigeria - 2022
Contents:
- Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Nigeria (CIF) - 2022
- Imports of Silicon; Containing by Weight Less than 99.99% of Silicon in Nigeria
Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Nigeria (CIF) - 2022
In 2022, the average import price for silicon; containing by weight less than 99.99% of silica amounted to $3,325 per ton, growing by 78% against the previous year. In general, the import price saw a remarkable increase. 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 China ($3,338 per ton), while the price for India ($776 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.1%).
Imports of Silicon; Containing by Weight Less than 99.99% of Silicon in Nigeria
In 2022, supplies from abroad of silicon; containing by weight less than 99.99% of silica decreased by -59.7% to 465 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of 130%. As a result, imports reached the peak of 1.5K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of silicon; containing by weight less than 99.99% of silica declined dramatically to $1.5M in 2022. In general, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 192%. As a result, imports attained the peak of $2.3M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Silicon; Containing by Weight Less than 99.99% of Silicon in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.8 | 2.3 | 2.1 | 1.4 | 20.5% |
| Marshall Islands | N/A | N/A | N/A | 0.2 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.8 | 2.3 | 2.2 | 1.5 | 23.3% |
Top Suppliers of Silicon; Containing by Weight Less than 99.99% of Silicon to Nigeria in 2022:
- China (411.7 tons)
- Marshall Islands (50.1 tons)
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