Sulphites; of Sodium Price in Nigeria - 2022

Contents:

1. Sulphites; of Sodium Price in Nigeria (CIF) - 2022
2. Sulphites; of Sodium Imports in Nigeria

Sulphites; of Sodium Price in Nigeria (CIF) - 2022

The average sulphites; of sodium import price stood at $582 per ton in 2022, waning by -5.8% against the previous year. Over the period under review, the import price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 77%. Over the period under review, average import prices attained the peak figure at $991 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($1,171 per ton), while the price for Turkey ($409 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphites; of Sodium Imports in Nigeria

Sulphites; of sodium imports into Nigeria surged to 4.1K tons in 2022, growing by 102% compared with the previous year. In general, imports, however, recorded a deep setback.

In value terms, sulphites; of sodium imports soared to $2.4M in 2022. Overall, imports, however, continue to indicate a precipitous curtailment.

Top Suppliers of Sulphites; of Sodium to Nigeria in 2022:

1. China (2407.3 tons)
2. Germany (847.5 tons)
3. Italy (427.6 tons)
4. Turkey (179.8 tons)
5. Belgium (132.2 tons)

Source: IndexBox Market Intelligence Platform