Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Nigeria - 2023
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Nigeria (CIF) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Nigeria
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Nigeria (CIF) - 2022
The average import price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $951 per ton in 2022, picking up by 14% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 213%. As a result, import price attained the peak level of $1,412 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($989 per ton), while the price for the UK ($533 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Nigeria
In 2022, the amount of borates; disodium tetraborate (refined borax), other than anhydroi imported into Nigeria skyrocketed to 96 tons, growing by 22% compared with the previous year's figure. Overall, imports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 82%.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi skyrocketed to $91K in 2022. Over the period under review, imports, however, saw a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 65% against the previous year.
| Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 26.3 | N/A | 38.3 | 67.3 | 36.8% |
| United States | 10.8 | 39.5 | N/A | 19.5 | 21.8% |
| China | N/A | N/A | 1.7 | 3.3 | 94.1% |
| United Kingdom | N/A | N/A | 1.5 | 0.9 | -40.0% |
| Spain | 15.5 | N/A | N/A | N/A | 0% |
| Argentina | N/A | N/A | 23.8 | N/A | 0% |
| Netherlands | 24.0 | N/A | N/A | N/A | 0% |
| Others | 34.1 | N/A | N/A | N/A | 0% |
| Total | 111 | 39.5 | 65.2 | 90.9 | -6.4% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to Nigeria in 2022:
- Turkey (68.0 tons)
- United States (21.5 tons)
- China (4.5 tons)
- United Kingdom (1.6 tons)
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