Chlorates; of Sodium Price in Nigeria - 2023
Contents:
Chlorates; of Sodium Price in Nigeria (CIF) - 2022
The average chlorates; of sodium import price stood at $853 per ton in 2022, reducing by -17.1% against the previous year. Overall, the import price saw a pronounced downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by 92%. Over the period under review, average import prices hit record highs at $1,685 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 India ($1,888 per ton), while the price for Belgium ($691 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.1%), while the prices for the other major suppliers experienced a decline.
Chlorates; of Sodium Imports in Nigeria
In 2022, after three years of growth, there was significant decline in overseas purchases of chlorates; of sodia, when their volume decreased by -32.8% to 160 tons. In general, imports, however, showed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 235%.
In value terms, chlorates; of sodium imports contracted markedly to $137K in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 124%.
| Import of Chlorates; of Sodium in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.7 | 72.4 | 217 | 108 | 141.2% |
| Belgium | 6.5 | 12.8 | 21.1 | 20.0 | 45.4% |
| Netherlands | N/A | 52.5 | N/A | N/A | 0% |
| Others | 56.2 | 20.2 | 7.1 | 8.6 | -46.5% |
| Total | 70.4 | 158 | 245 | 137 | 24.8% |
Top Suppliers of Chlorates; of Sodium to Nigeria in 2022:
- China (130.4 tons)
- Belgium (29.0 tons)
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