Price for Sulphides of Non-Metals; Commercial Phosphorus Trisulphide in Nigeria - 2022

Contents:

  1. Price for Sulphides of Non-Metals; Commercial Phosphorus Trisulphide in Nigeria (FOB) - 2022
  2. Price for Sulphides of Non-Metals; Commercial Phosphorus Trisulphide in Nigeria (CIF) - 2022
  3. Exports of Sulphides of Non-Metals; Commercial Phosphorus Trisulphide in Nigeria
  4. Imports of Sulphides of Non-Metals; Commercial Phosphorus Trisulphide in Nigeria

Price for Sulphides of Non-Metals; Commercial Phosphorus Trisulphide in Nigeria (FOB) - 2022

In 2022, the average export price for sulphides of non-metals; commercial phosphorus trisulphides amounted to $12,651 per ton, surging by 1,530% against the previous year. Over the period under review, the export price recorded a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($16,514 per ton), while the average price for exports to Niger stood at $748 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (-20.2%).

Price for Sulphides of Non-Metals; Commercial Phosphorus Trisulphide in Nigeria (CIF) - 2022

In 2022, the average import price for sulphides of non-metals; commercial phosphorus trisulphides amounted to $6,959 per ton, reducing by -6.9% against the previous year. Overall, the import price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 134% against the previous year. The import price peaked at $8,508 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($10,200 per ton), while the price for the United States ($6,815 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Sulphides of Non-Metals; Commercial Phosphorus Trisulphide in Nigeria

In 2022, overseas shipments of sulphides of non-metals; commercial phosphorus trisulphides decreased by -93.9% to 3 tons, falling for the second year in a row after two years of growth. In general, exports saw a significant contraction. The growth pace was the most rapid in 2020 with an increase of 474%. As a result, the exports attained the peak of 96 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of sulphides of non-metals; commercial phosphorus trisulphides declined slightly to $38K in 2022. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 637%.

Export of Sulphides of Non-Metals; Commercial Phosphorus Trisulphide in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
NetherlandsN/AN/AN/A18.50%
Niger5.00.438.00.5-53.6%
FranceN/A36.7N/AN/A0%
OthersN/AN/AN/A18.50%
Total5.037.138.037.595.7%

Top Export Markets for Sulphides of Non-Metals; Commercial Phosphorus Trisulphide from Nigeria in 2022:

  1. Netherlands (1120.0 kg)
  2. Niger (727.0 kg)

Imports of Sulphides of Non-Metals; Commercial Phosphorus Trisulphide in Nigeria

After two years of decline, overseas purchases of sulphides of non-metals; commercial phosphorus trisulphides increased by 459% to 3.8 tons in 2022. Overall, imports, however, continue to indicate a sharp reduction.

In value terms, imports of sulphides of non-metals; commercial phosphorus trisulphides soared to $26K in 2022. Over the period under review, imports, however, continue to indicate a precipitous curtailment.

Import of Sulphides of Non-Metals; Commercial Phosphorus Trisulphide in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States14045.94.925.4-43.4%
China4.71.30.10.5-52.6%
Others1.00.40.10.5-20.6%
Total14647.65.126.4-43.5%

Top Suppliers of Sulphides of Non-Metals; Commercial Phosphorus Trisulphide to Nigeria in 2022:

  1. United States (3.7 tons)
  2. China (0.1 tons)

Source: IndexBox Market Intelligence Platform

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