Gold Compounds Price in Nigeria - 2022
Contents:
Gold Compounds Price in Nigeria (CIF) - 2022
In 2022, the average gold compounds import price amounted to $1,233,000 per ton, leveling off at the previous year. In general, the import price, however, recorded a slight expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by 206%. Over the period under review, average import prices attained the maximum at $3,040,000 per ton in 2016; however, from 2017 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 Germany.
From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +1.9% per year.
Gold Compounds Imports in Nigeria
In 2022, imports of gold compoundses into Nigeria totaled 1 kg, approximately equating the previous year. Overall, imports saw a relatively flat trend pattern. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, gold compounds imports reduced slightly to $1.2K in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 1.8%.
Import of Gold Compounds in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 1.2 | 1.2 | 1.2 | 1.2 | 0.0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 1.2 | 1.2 | 1.2 | 1.2 | 0.0% |
Top Suppliers of Gold Compounds to Nigeria in 2022:
- Germany (1.0 kg)
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