Nigeria - Ammonium Sulphate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAmmonium Sulphate Price in Nigeria - 2022
Contents:
- Ammonium Sulphate Price in Nigeria (CIF) - 2022
- Ammonium Sulphate Price in Nigeria (FOB) - 2022
- Ammonium Sulphate Imports in Nigeria
- Ammonium Sulphate Exports in Nigeria
Ammonium Sulphate Price in Nigeria (CIF) - 2022
In 2022, the average ammonium sulphate import price amounted to $601 per ton, growing by 53% against the previous year. In general, the import price enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 91% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +13.0% per year.
Ammonium Sulphate Price in Nigeria (FOB) - 2022
The average ammonium sulphate export price stood at $880 per ton in 2021, picking up by 267% against the previous year. Overall, the export price, however, showed a precipitous decrease. The export price peaked at $241,936 per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Brazil.
From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to +268.2% per year.
Ammonium Sulphate Imports in Nigeria
Ammonium sulphate imports into Nigeria soared to 139K tons in 2022, jumping by 40% against the previous year's figure. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 199% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, ammonium sulphate imports skyrocketed to $83M in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 329%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.
Import of Ammonium Sulphate in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.5 | 7.9 | 34.0 | 83.3 | 221.8% |
Netherlands | 1.8 | 1.0 | 4.2 | N/A | 52.8% |
Others | 1.6 | 0.2 | 0.8 | N/A | -29.3% |
Total | 5.9 | 9.1 | 38.9 | 83.3 | 141.7% |
Top Suppliers of Ammonium Sulphate to Nigeria in 2022:
- China (138.6K tons)
Ammonium Sulphate Exports in Nigeria
In 2021, approx. 40K tons of ammonium sulphate were exported from Nigeria; surging by 3.7% against 2020 figures. The total export volume increased at an average annual rate of +3.7% over the period from 2020 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, ammonium sulphate exports skyrocketed to $35M in 2021. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Ammonium Sulphate in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
Brazil | 9.2 | 35.2 | 282.6% | ||
Others | N/A | N/A | 0% | ||
Total | 9.2 | 35.2 | 282.6% |
Top Export Markets for Ammonium Sulphate from Nigeria in 2022:
- Brazil (40.0K tons)
This report provides an in-depth analysis of the ammonium sulphate market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 4002 - Ammonium sulphate
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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