Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in Nigeria - 2022
Contents:
- Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in Nigeria (CIF) - 2022
- Imports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in Nigeria
Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in Nigeria (CIF) - 2022
In 2022, the average sodium hexafluoroaluminate (synthetic cryolite) import price amounted to $1,624 per ton, waning by -8.4% against the previous year. In general, the import price, however, recorded buoyant growth. The growth pace was the most rapid in 2019 an increase of 62% against the previous year. Over the period under review, average import prices hit record highs at $1,774 per ton in 2021, and then shrank in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,976 per ton), while the price for China ($1,108 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in Nigeria
In 2022, overseas purchases of sodium hexafluoroaluminate (synthetic cryolite)s decreased by -21.1% to 34 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 84% against the previous year. As a result, imports attained the peak of 44 tons, and then dropped significantly in the following year.
In value terms, sodium hexafluoroaluminate (synthetic cryolite) imports fell remarkably to $56K in 2022. Over the period under review, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 125% against the previous year. As a result, imports attained the peak of $77K, and then declined sharply in the following year.
| Import of Sodium Hexafluoroaluminate (Synthetic Cryolite) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 9.9 | 12.1 | 27.3 | 22.8 | 32.1% |
| China | 2.6 | 6.3 | 28.0 | 16.9 | 86.6% |
| India | 3.2 | 3.1 | 4.4 | 6.0 | 23.3% |
| United Kingdom | 1.9 | 2.8 | 9.2 | 5.5 | 42.5% |
| Poland | N/A | 8.2 | N/A | N/A | 0% |
| Others | 1.3 | 1.9 | 8.4 | 4.6 | 52.4% |
| Total | 19.0 | 34.5 | 77.4 | 55.9 | 43.3% |
Top Suppliers of Sodium Hexafluoroaluminate (Synthetic Cryolite) to Nigeria in 2022:
- China (15.3 tons)
- Germany (11.5 tons)
- United Kingdom (4.2 tons)
- India (3.0 tons)
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