Salts; Molybdates Price in Nigeria - 2022
Contents:
Salts; Molybdates Price in Nigeria (CIF) - 2022
The average salts; molybdates import price stood at $28,872 per ton in 2022, with a decrease of -34% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 56% against the previous year. As a result, import price attained the peak level of $57,281 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($71,652 per ton), while the price for Spain ($15,761 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.6%).
Salts; Molybdates Imports in Nigeria
In 2022, after two years of decline, there was significant growth in overseas purchases of salts; molybdateses, when their volume increased by 122% to 273 kg. Overall, imports, however, continue to indicate a drastic downturn.
In value terms, salts; molybdates imports skyrocketed to $7.9K in 2022. Over the period under review, imports, however, continue to indicate a significant decline.
| Import of Salts; Molybdates in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 1.8 | 3.4 | 2.1 | 3.3 | 22.4% |
| India | 15.9 | 7.0 | 3.0 | 1.8 | -51.6% |
| Spain | N/A | N/A | N/A | 1.4 | 0% |
| Others | 1.8 | N/A | 0.3 | 1.4 | -8.0% |
| Total | 19.5 | 10.4 | 5.4 | 7.9 | -26.0% |
Top Suppliers of Salts; Molybdates to Nigeria in 2022:
- Spain (88.0 kg)
- India (51.0 kg)
- United Kingdom (46.0 kg)
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