Nigeria: Sulphur Market 2022

Sulphur Market Size in Nigeria

After three years of decline, the Nigerien sulphur market increased by X% to $X in 2020. In general, consumption recorded a buoyant increase. Sulphur consumption peaked at $X in 2016; however, from 2017 to 2020, consumption failed to regain the momentum.

Sulphur Exports

Exports from Nigeria

In 2020, sulphur exports from Nigeria stood at X kg, approximately reflecting the year before. Overall, exports posted a significant increase. Exports peaked at X kg in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

In value terms, sulphur exports totaled $X in 2020. Over the period under review, exports posted a significant expansion. Exports peaked at $X in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Niger (X kg) was the main destination for sulphur exports from Nigeria, with a approx. X% share of total exports.

From 2007 to 2016, the average annual growth rate of volume to Niger totaled +X%.

From 2007 to 2016, the average annual rate of growth in terms of value to Niger stood at +X%.

Export Prices by Country

The average sulphur export price stood at $X per tonne in 2016, stabilizing at the previous year. Over the period under review, the export price saw a mild descent. Over the period under review, average export prices hit record highs at $X per tonne in 2011; however, from 2012 to 2016, export prices failed to regain the momentum.

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

From 2007 to 2016, the rate of growth in terms of prices for Niger amounted to -X% per year.

Sulphur Imports

Imports into Nigeria

In 2020, after three years of decline, there was significant growth in purchases abroad of sulphur (sublimed or precipitated) and colloidal sulphur, when their volume increased by X% to X tonnes. In general, imports enjoyed a strong expansion. Imports peaked at X tonnes in 2016; however, from 2017 to 2020, imports remained at a lower figure.

In value terms, sulphur imports skyrocketed to $X in 2020. Overall, imports showed a resilient expansion. Imports peaked at $X in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

Imports by Country

Turkey (X tonnes), Russia (X tonnes) and Spain (X tonnes) were the main suppliers of sulphur imports to Nigeria, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of sulphur to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Russia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and China (+X% per year).

Import Prices by Country

In 2020, the average sulphur import price amounted to $X per tonne, falling by -X% against the previous year. In general, the import price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2012 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Russia ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform