Fluorides; of Aluminium Price in Nigeria - 2022
Contents:
- Fluorides; of Aluminium Price in Nigeria (FOB) - 2022
- Fluorides; of Aluminium Price in Nigeria (CIF) - 2022
- Fluorides; of Aluminium Exports in Nigeria
- Fluorides; of Aluminium Imports in Nigeria
Fluorides; of Aluminium Price in Nigeria (FOB) - 2022
In June 2022, the average fluorides; of aluminium export price amounted to $99.3 per ton, therefore, remained relatively stable against the previous month. Over the period under review, the export price continues to indicate a noticeable decline. As a result, the export price attained the peak level of $139 per ton. From July 2021 to June 2022, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From June 2021 to June 2022, the rate of growth in terms of prices for China amounted to -2.8% per month.
Fluorides; of Aluminium Price in Nigeria (CIF) - 2022
In 2022, the average fluorides; of aluminium import price amounted to $4,799 per ton, reducing by -2.7% against the previous year. In general, the import price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 284%. As a result, import price attained the peak level of $5,014 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($33,140 per ton), while the price for India amounted to $3,564 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+65.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Fluorides; of Aluminium Exports in Nigeria
In 2021, approx. 383 tons of fluorides; of aluminia were exported from Nigeria; declining by -71% against 2020 figures. Over the period under review, exports saw a dramatic downturn.
In value terms, fluorides; of aluminium exports reduced rapidly to $28K in 2021. Overall, exports recorded a sharp setback.
| Export of Fluorides; of Aluminium in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| China | 191 | 28.5 | -85.1% | ||
| Others | N/A | N/A | 0% | ||
| Total | 191 | 28.5 | -85.1% | ||
Top Export Markets for Fluorides; of Aluminium from Nigeria in 2022:
- China (383.0 tons)
Fluorides; of Aluminium Imports in Nigeria
In 2022, after two years of decline, there was significant growth in purchases abroad of fluorides; of aluminia, when their volume increased by 12% to 3.1 tons. Over the period under review, imports, however, continue to indicate a abrupt contraction.
In value terms, fluorides; of aluminium imports rose markedly to $15K in 2022. Overall, imports, however, recorded a noticeable descent.
| Import of Fluorides; of Aluminium in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 15.8 | 9.8 | 7.5 | 10.6 | -12.5% |
| South Africa | N/A | N/A | N/A | 4.3 | 0% |
| Belgium | N/A | N/A | 2.7 | N/A | 0% |
| United Arab Emirates | N/A | 6.3 | 2.1 | N/A | -66.7% |
| Others | N/A | N/A | 1.4 | 0.1 | -92.9% |
| Total | 15.8 | 16.1 | 13.7 | 14.9 | -1.9% |
Top Suppliers of Fluorides; of Aluminium to Nigeria in 2022:
- India (3.0 tons)
- South Africa (0.1 tons)
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In value terms, fluorides exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuation...
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