Price for Ammonia; Anhydrous or in Aqueous Solution in Nigeria - 2023
Contents:
- Price for Ammonia; Anhydrous or in Aqueous Solution in Nigeria (CIF) - 2022
- Price for Ammonia; Anhydrous or in Aqueous Solution in Nigeria (FOB) - 2022
- Imports of Ammonia; Anhydrous or in Aqueous Solution in Nigeria
- Exports of Ammonia; Anhydrous or in Aqueous Solution in Nigeria
Price for Ammonia; Anhydrous or in Aqueous Solution in Nigeria (CIF) - 2022
The average import price for ammonia; anhydrous or in aqueous solutia stood at $690 per ton in 2022, growing by 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2014 an increase of 25%. The import price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Turkey ($778 per ton) and India ($745 per ton), while the price for Belgium ($599 per ton) and China ($626 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Ammonia; Anhydrous or in Aqueous Solution in Nigeria (FOB) - 2022
The average export price for ammonia; anhydrous or in aqueous solutia stood at $158 per ton in 2022, declining by -19.7% against the previous year. Overall, the export price saw a abrupt downturn. The pace of growth was the most pronounced in 2017 an increase of 79% against the previous year. Over the period under review, the average export prices hit record highs at $571 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Benin.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to -16.8% per year.
Imports of Ammonia; Anhydrous or in Aqueous Solution in Nigeria
In 2022, purchases abroad of ammonia; anhydrous or in aqueous solutia decreased by -19.1% to 2K tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, posted a temperate expansion. The growth pace was the most rapid in 2020 with an increase of 96% against the previous year. As a result, imports attained the peak of 3.5K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of ammonia; anhydrous or in aqueous solutia shrank to $1.4M in 2022. In general, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 137%. As a result, imports reached the peak of $2.1M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Ammonia; Anhydrous or in Aqueous Solution in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 389 | 235 | 165 | 496 | 8.4% |
| China | 297 | 1,491 | 1,001 | 430 | 13.1% |
| Belgium | 184 | 408 | 362 | 352 | 24.1% |
| Turkey | N/A | N/A | N/A | 32.5 | 0% |
| Others | 36.5 | 14.5 | 10.5 | 69.1 | 23.7% |
| Total | 907 | 2,149 | 1,539 | 1,380 | 15.0% |
Top Suppliers of Ammonia; Anhydrous or in Aqueous Solution to Nigeria in 2022:
- China (686.7 tons)
- India (665.8 tons)
- Belgium (587.1 tons)
- Turkey (41.8 tons)
Exports of Ammonia; Anhydrous or in Aqueous Solution in Nigeria
In 2022, shipments abroad of ammonia; anhydrous or in aqueous solutia decreased by -96.2% to 1.4 tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 23,842% against the previous year. As a result, the exports attained the peak of 38 tons, and then shrank significantly in the following year.
In value terms, exports of ammonia; anhydrous or in aqueous solutia fell markedly to $226 in 2022. Overall, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 14,476%. As a result, the exports attained the peak of $7.4K, and then dropped dramatically in the following year.
| Export of Ammonia; Anhydrous or in Aqueous Solution in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Benin | 0.1 | 6.6 | 0.2 | 41.4% | |
| Cameroon | N/A | 0.8 | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 0.1 | 7.4 | 0.2 | 41.4% | |
Top Export Markets for Ammonia; Anhydrous or in Aqueous Solution from Nigeria in 2022:
- Benin (1.4 tons)
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