Price for Silver Compounds; Excluding Silver Nitrates in Nigeria - 2022
Contents:
- Price for Silver Compounds; Excluding Silver Nitrates in Nigeria (CIF) - 2022
- Imports of Silver Compounds; Excluding Silver Nitrates in Nigeria
Price for Silver Compounds; Excluding Silver Nitrates in Nigeria (CIF) - 2022
The average import price for silver compounds; excluding silver nitrateses stood at $142,088 per ton in 2022, reducing by -1.6% against the previous year. Overall, the import price, however, enjoyed perceptible growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 66%. The import price peaked at $246,412 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
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 ($1,203,870 per ton), while the price for India ($70,415 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Silver Compounds; Excluding Silver Nitrates in Nigeria
Silver compounds; excluding silver nitrates imports into Nigeria skyrocketed to 10 kg in 2022, growing by 233% against the previous year's figure. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 433% against the previous year. As a result, imports reached the peak of 16 kg. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, silver compounds; excluding silver nitrates imports soared to $1.4K in 2022. In general, imports recorded significant growth. The growth pace was the most rapid in 2020 when imports increased by 270% against the previous year. As a result, imports attained the peak of $2.4K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Silver Compounds; Excluding Silver Nitrates in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 427 | 1,697 | 182 | 641 | 14.5% |
| Others | 225 | 716 | 252 | 783 | 51.5% |
| Total | 652 | 2,413 | 434 | 1,424 | 29.7% |
Top Suppliers of Silver Compounds; Excluding Silver Nitrates to Nigeria in 2022:
- India (9.0 kg)
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