Sulphides; Polysulphides Price in Nigeria - 2022
Contents:
Sulphides; Polysulphides Price in Nigeria (CIF) - 2022
The average sulphides; polysulphides import price stood at $678 per ton in 2022, with an increase of 1.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2013 when the average import price increased by 41% against the previous year. The import price peaked at $839 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
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 ($1,000 per ton), while the price for Italy ($203 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphides; Polysulphides Imports in Nigeria
Sulphides; polysulphides imports into Nigeria reduced slightly to 2.5K tons in 2022, flattening at 2021 figures. Overall, imports showed a noticeable setback. The growth pace was the most rapid in 2021 when imports increased by 4.9%.
In value terms, sulphides; polysulphides imports stood at $1.7M in 2022. Over the period under review, imports continue to indicate a pronounced decrease.
| Import of Sulphides; Polysulphides in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 545 | 777 | 278 | 662 | 6.7% |
| China | 410 | 353 | 623 | 214 | -19.5% |
| Spain | 99.6 | 61.2 | 100 | 97.3 | -0.8% |
| Germany | 106 | 59.3 | 88.5 | 79.2 | -9.3% |
| United Arab Emirates | 32.3 | 20.0 | 32.9 | 32.6 | 0.3% |
| India | 37.7 | 34.0 | 65.9 | 28.4 | -9.0% |
| Italy | 18.7 | 9.4 | 12.5 | 10.0 | -18.8% |
| Others | 713 | 410 | 505 | 591 | -6.1% |
| Total | 1,962 | 1,724 | 1,706 | 1,715 | -4.4% |
Top Suppliers of Sulphides; Polysulphides to Nigeria in 2022:
- Belgium (934.5 tons)
- China (461.4 tons)
- Spain (128.7 tons)
- United Arab Emirates (118.5 tons)
- Germany (79.2 tons)
- Italy (49.3 tons)
- India (37.2 tons)
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