Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Nigeria - 2023
Contents:
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Nigeria (CIF) - 2022
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Nigeria (FOB) - 2022
- Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Nigeria
- Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Nigeria
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Nigeria (CIF) - 2022
The average import price for fertilizers, mineral or chemical stood at $251 per ton in 2022, with a decrease of -53.8% against the previous year. In general, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the average import price increased by 564%. As a result, import price reached the peak level of $4,528 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($465 per ton), while the price for the UK ($187 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+4.0%), while the prices for the other major suppliers experienced a decline.
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Nigeria (FOB) - 2022
The average export price for fertilizers, mineral or chemical stood at $202 per ton in 2022, shrinking by -7.5% against the previous year. Overall, the export price saw a abrupt decline. The growth pace was the most rapid in 2019 an increase of 89%. The export price peaked at $603 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($212 per ton), while the average price for exports to Malaysia stood at $201 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (-9.9%).
Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Nigeria
In 2022, imports of fertilizers, mineral or chemical into Nigeria skyrocketed to 564 tons, picking up by 234% compared with the year before. Over the period under review, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of fertilizers, mineral or chemical skyrocketed to $141K in 2022. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 123 | 0% |
| China | 37.3 | 47.5 | 57.4 | 10.5 | -34.5% |
| India | 18.3 | 20.9 | 24.7 | 4.4 | -37.8% |
| United Kingdom | 3.8 | 5.5 | 8.2 | 1.9 | -20.6% |
| Others | N/A | N/A | 1.3 | 1.7 | 30.8% |
| Total | 59.4 | 73.8 | 91.7 | 141 | 33.4% |
Top Suppliers of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate to Nigeria in 2022:
- Germany (514.9 tons)
- China (22.6 tons)
- India (12.0 tons)
- United Kingdom (10.1 tons)
Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Nigeria
After three years of growth, shipments abroad of fertilizers, mineral or chemical decreased by -10% to 44 tons in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 662%.
In value terms, exports of fertilizers, mineral or chemical contracted significantly to $8.8K in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,021% against the previous year.
| Export of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | N/A | N/A | N/A | 8.7 | 0% |
| Niger | 0.9 | 9.8 | 10.6 | 0.1 | -51.9% |
| Others | 0.1 | 0.6 | N/A | N/A | 500.0% |
| Total | 0.9 | 10.4 | 10.6 | 8.8 | 113.8% |
Top Export Markets for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate from Nigeria in 2022:
- Malaysia (43.3 tons)
- Niger (0.6 tons)
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