Sulphates; of Aluminium Price in Nigeria - 2022
Contents:
- Sulphates; of Aluminium Price in Nigeria (CIF) - 2022
- Sulphates; of Aluminium Price in Nigeria (FOB) - 2022
- Sulphates; of Aluminium Imports in Nigeria
- Sulphates; of Aluminium Exports in Nigeria
Sulphates; of Aluminium Price in Nigeria (CIF) - 2022
The average sulphates; of aluminium import price stood at $394 per ton in 2022, with an increase of 48% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphates; of aluminium import price increased by +49.6% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($7,163 per ton), while the price for China ($34 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Aluminium Price in Nigeria (FOB) - 2022
In 2022, the average sulphates; of aluminium export price amounted to $1,019 per ton, almost unchanged from the previous year. Overall, the export price posted strong growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 152%. Over the period under review, the average export prices attained the maximum at $1,020 per ton in 2020; afterwards, it flattened through to 2022.
As there is only one major export destination, the average price level is determined by prices for Benin.
From 2012 to 2022, the rate of growth in terms of prices for Benin amounted to +9.0% per year.
Sulphates; of Aluminium Imports in Nigeria
In 2022, overseas purchases of sulphates; of aluminia decreased by -56.7% to 787 tons, falling for the second year in a row after two years of growth. Overall, imports saw a sharp descent. The most prominent rate of growth was recorded in 2020 with an increase of 84% against the previous year. As a result, imports attained the peak of 5.4K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, sulphates; of aluminium imports dropped dramatically to $310K in 2022. In general, imports faced a precipitous descent. The growth pace was the most rapid in 2020 when imports increased by 97% against the previous year. As a result, imports reached the peak of $1.2M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Sulphates; of Aluminium in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 269 | 424 | 280 | 162 | -15.6% |
| Turkey | 187 | 521 | 107 | 102 | -18.3% |
| Romania | 24.0 | 27.5 | 32.2 | 15.6 | -13.4% |
| Ukraine | 31.9 | 39.2 | 20.1 | 9.1 | -34.2% |
| United States | 46.1 | 48.8 | 21.6 | 8.4 | -43.3% |
| Germany | 9.9 | 13.7 | 7.9 | 4.0 | -26.1% |
| China | 20.5 | 85.3 | 2.7 | 1.3 | -60.1% |
| Others | 21.6 | 42.7 | 10.6 | 6.9 | -31.6% |
| Total | 610 | 1,202 | 483 | 310 | -20.2% |
Top Suppliers of Sulphates; of Aluminium to Nigeria in 2022:
- Turkey (507.2 tons)
- Ukraine (94.7 tons)
- Romania (49.1 tons)
- China (38.3 tons)
- United States (37.7 tons)
- Singapore (22.7 tons)
- Germany (17.6 tons)
Sulphates; of Aluminium Exports in Nigeria
In 2022, shipments abroad of sulphates; of aluminia increased by 12% to 310 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a abrupt curtailment.
In value terms, sulphates; of aluminium exports expanded sharply to $316 in 2022. Overall, exports, however, faced a abrupt decrease.
| Export of Sulphates; of Aluminium in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | 438 | 351 | 281 | 316 | -10.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 438 | 351 | 281 | 316 | -10.3% |
Top Export Markets for Sulphates; of Aluminium from Nigeria in 2022:
- Benin (310.0 kg)
403
This report provides an in-depth analysis of the market for barium or aluminium sulphates in Nigeria.
404
This report provides an in-depth analysis of the alums market in Nigeria.
404
This report provides an in-depth analysis of the peroxosulphates market in Nigeria.
105
This report provides an in-depth analysis of the sulphates market in Nigeria.
418
This report provides an in-depth analysis of the market for belt type continuous-action elevator and conveyor in Nigeria.
550
This report provides an in-depth analysis of the global market for barium or aluminium sulphates.
439
This report provides an in-depth analysis of the global alums market.
448
This report provides an in-depth analysis of the global peroxosulphates market.
90
This report provides an in-depth analysis of the global sulphates market.
458
This report provides an in-depth analysis of the global market for belt type continuous-action elevator and conveyor.
1078
In value terms, sulphates, alums and peroxosulphates imports totaled $X in 2016. In general, sulphates, alums and peroxosulphates imports continue to indicate a relatively flat trend pattern. Globa...
752
In value terms, sulphates, alums and peroxosulphates exports amounted to $X in 2016. Overall, sulphates, alums and peroxosulphates exports continue to indicate a relatively flat trend pattern. Over...
1078
In value terms, sulphates, alums and peroxosulphates imports totaled $X in 2016. In general, sulphates, alums and peroxosulphates imports continue to indicate a relatively flat trend pattern. Globa...
752
In value terms, sulphates, alums and peroxosulphates exports amounted to $X in 2016. Overall, sulphates, alums and peroxosulphates exports continue to indicate a relatively flat trend pattern. Over...
