Nigeria: Market for Sulphides, Polysulphides, Dithionites And Sulphoxylates 2023

Market Size for Sulphides, Polysulphides, Dithionites And Sulphoxylates in Nigeria

The Nigerien sulphides, dithionites and sulphoxylates market dropped markedly to $X in 2021, with a decrease of -63.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a abrupt decrease. As a result, consumption reached the peak level of $X, and then dropped dramatically in the following year.

Exports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Exports from Nigeria

In 2018, overseas shipments of sulphides, polysulphides, dithionites and sulphoxylates decreased by 0% to X kg, falling for the second year in a row after two years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The smallest decline of 99.9% was in 2017. Over the period under review, the exports attained the peak figure at X kg in 2016; however, from 2017 to 2018, the exports failed to regain momentum.

In value terms, sulphides, dithionites and sulphoxylates exports totaled $X in 2018. In general, exports posted a resilient increase. The smallest decline of 99.9% was in 2017. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2018, the exports remained at a lower figure.

Exports by Country

Ghana (X kg) was the main destination for sulphides, dithionites and sulphoxylates exports from Nigeria, with a approx. 100% share of total exports.

From 2014 to 2018, the average annual rate of growth in terms of volume to Ghana was relatively modest.

From 2014 to 2018, the average annual rate of growth in terms of value to Ghana was relatively modest.

Export Prices by Country

In 2018, the average sulphides, dithionites and sulphoxylates export price amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price enjoyed a strong increase. The growth pace was the most rapid in 2017 a decrease of 99.9%. The export price peaked in 2018 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2014 to 2018, the rate of growth in terms of prices for Ghana amounted to 0.0% per year.

Imports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Imports into Nigeria

Sulphides, dithionites and sulphoxylates imports into Nigeria declined remarkably to X tons in 2021, waning by -71.1% against the previous year's figure. Over the period under review, imports recorded a perceptible decline. The pace of growth was the most pronounced in 2020 when imports increased by 270% against the previous year. As a result, imports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, sulphides, dithionites and sulphoxylates imports declined sharply to $X in 2021. In general, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 when imports increased by 164% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of sulphides, dithionites and sulphoxylates to Nigeria, accounting for a 65% share of total imports. Moreover, sulphides, dithionites and sulphoxylates imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fivefold. The third position in this ranking was held by India (X tons), with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-11.3% per year) and India (+5.8% per year).

In value terms, China ($X) constituted the largest supplier of sulphides, polysulphides, dithionites and sulphoxylates to Nigeria, comprising 43% of total imports. The second position in the ranking was taken by Belgium ($X), with a 14% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-12.9% per year) and the United States (+28.1% per year).

Import Prices by Country

The average sulphides, dithionites and sulphoxylates import price stood at $X per ton in 2021, growing by 53% against the previous year. Over the period under review, the import price, however, saw a deep contraction. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+12.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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