Carbonates; Strontium Carbonate Price in Nigeria - 2022
Contents:
- Carbonates; Strontium Carbonate Price in Nigeria (CIF) - 2022
- Carbonates; Strontium Carbonate Imports in Nigeria
Carbonates; Strontium Carbonate Price in Nigeria (CIF) - 2022
The average carbonates; strontium carbonate import price stood at $1,062 per ton in 2022, picking up by 54% against the previous year. Over the period under review, the import price, however, continues to indicate a deep slump. The import price peaked at $16,490 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 -18.6% per year.
Carbonates; Strontium Carbonate Imports in Nigeria
In 2022, imports of carbonates; strontium carbonates into Nigeria reached 2 tons, stabilizing at the year before. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 120% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, carbonates; strontium carbonate imports surged to $2.1K in 2022. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 55% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Carbonates; Strontium Carbonate in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.6 | 0.9 | 1.4 | 2.1 | 51.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.6 | 0.9 | 1.4 | 2.1 | 51.8% |
Top Suppliers of Carbonates; Strontium Carbonate to Nigeria in 2022:
- China (2.0 tons)
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