Price for Bituminous or Oil Shale and Tar Sands in Nigeria - 2022
Contents:
- Price for Bituminous or Oil Shale and Tar Sands in Nigeria (CIF) - 2022
- Imports of Bituminous or Oil Shale and Tar Sands in Nigeria
Price for Bituminous or Oil Shale and Tar Sands in Nigeria (CIF) - 2022
The average import price for bituminous or oil shale and tar sandses stood at $550 per ton in 2022, rising by 5.7% against the previous year. In general, the import price, however, saw a pronounced setback. The growth pace was the most rapid in 2014 when the average import price increased by 83%. As a result, import price reached the peak level of $993 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Italy.
From 2012 to 2022, the rate of growth in terms of prices for Luxembourg amounted to +184.1% per year.
Imports of Bituminous or Oil Shale and Tar Sands in Nigeria
In 2022, overseas purchases of bituminous or oil shale and tar sandses decreased by -4.9% to 3.7K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 3,932%.
In value terms, imports of bituminous or oil shale and tar sandses amounted to $2M in 2022. In general, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 4,382% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Bituminous or Oil Shale and Tar Sands in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | 1.0 | 2.0 | 2.0 | 41.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | N/A | 1.0 | 2.0 | 2.0 | 41.4% |
Top Suppliers of Bituminous or Oil Shale and Tar Sands to Nigeria in 2022:
- Italy (3.7K tons)
6360
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This report provides an in-depth analysis of the market for natural bitumen and asphalt in Nigeria.
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