Price for Sodium Sulphates; Other than Disodium Sulphate in Nigeria - 2022
Contents:
- Price for Sodium Sulphates; Other than Disodium Sulphate in Nigeria (CIF) - 2022
- Imports of Sodium Sulphates; Other than Disodium Sulphate in Nigeria
Price for Sodium Sulphates; Other than Disodium Sulphate in Nigeria (CIF) - 2022
The average import price for sodium sulphates; other than disodium sulphates stood at $472 per ton in 2022, jumping by 32% against the previous year. Overall, the import price, however, continues to indicate a mild decline. The growth pace was the most rapid in 2014 an increase of 33% against the previous year. The import price peaked at $797 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($801 per ton), while the price for Belgium ($92 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.7%), while the prices for the other major suppliers experienced a decline.
Imports of Sodium Sulphates; Other than Disodium Sulphate in Nigeria
In 2022, imports of sodium sulphates; other than disodium sulphates into Nigeria surged to 18K tons, jumping by 36% compared with the previous year. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 62%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, imports of sodium sulphates; other than disodium sulphates soared to $8.5M in 2022. Over the period under review, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sodium Sulphates; Other than Disodium Sulphate in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,119 | 3,189 | 3,272 | 5,948 | 74.5% |
| Turkey | 64.3 | 36.0 | 28.1 | 2,031 | 216.1% |
| India | 74.6 | 155 | 56.6 | 295 | 58.1% |
| South Korea | 318 | 175 | 121 | 109 | -30.0% |
| Spain | 188 | 48.0 | 825 | 18.0 | -54.3% |
| Belgium | 385 | 46.8 | 39.7 | 2.6 | -81.1% |
| Others | 369 | 710 | 403 | 65.3 | -43.9% |
| Total | 2,516 | 4,360 | 4,745 | 8,469 | 49.9% |
Top Suppliers of Sodium Sulphates; Other than Disodium Sulphate to Nigeria in 2022:
- China (14.7K tons)
- Turkey (2.5K tons)
- India (0.4K tons)
- South Korea (0.1K tons)
- Spain (0.1K tons)
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