Manganese Oxides Price in Nigeria - 2022
Contents:
Manganese Oxides Price in Nigeria (CIF) - 2022
The average manganese oxides import price stood at $2,060 per ton in 2022, with an increase of 42% against the previous year. Over the period under review, the import price posted a strong increase. The growth pace was the most rapid in 2018 an increase of 108%. The import price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($14,446 per ton), while the price for Georgia ($1,297 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+29.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Manganese Oxides Imports in Nigeria
Manganese oxides imports into Nigeria skyrocketed to 2.3K tons in 2022, picking up by 40% on the previous year's figure. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, manganese oxides imports surged to $4.7M in 2022. Overall, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Manganese Oxides in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,083 | 1,628 | 1,555 | 3,479 | 47.6% |
| Germany | 38.2 | 135 | 143 | 319 | 102.9% |
| China | 145 | 196 | 79.5 | 219 | 14.7% |
| Georgia | 63.1 | 66.5 | 1.1 | 107 | 19.2% |
| Spain | 39.8 | 38.5 | 31.3 | 87.3 | 29.9% |
| United Kingdom | 280 | 134 | 13.8 | 29.8 | -52.6% |
| Zambia | N/A | N/A | 331 | N/A | 0% |
| Others | 211 | 293 | 219 | 462 | 29.9% |
| Total | 1,860 | 2,490 | 2,372 | 4,704 | 36.2% |
Top Suppliers of Manganese Oxides to Nigeria in 2022:
- India (1916.6 tons)
- China (88.0 tons)
- Georgia (82.3 tons)
- Germany (47.6 tons)
- Spain (36.0 tons)
- United Kingdom (20.1 tons)
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