Nigeria - Alums - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAlums Price in Nigeria - 2021
Contents:
- Alums Price in Nigeria (CIF) - 2022
- Alums Price in Nigeria (FOB) - 2022
- Alums Imports in Nigeria
- Alums Exports in Nigeria
Alums Price in Nigeria (CIF) - 2022
The average alums import price stood at $485 per ton in 2022, falling by -6.5% against the previous year. In general, the import price saw a abrupt curtailment. The pace of growth was the most pronounced in 2017 an increase of 52%. The import price peaked at $1,138 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 Italy ($5,516 per ton), while the price for the UK ($303 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+21.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Alums Price in Nigeria (FOB) - 2022
In 2022, the average alums export price amounted to $626 per ton, declining by -46.9% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 61%. Over the period under review, the average export prices reached the peak figure at $1,181 per ton in 2021, and then fell notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($7,000 per ton), while the average price for exports to Benin totaled $591 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+24.6%).
Alums Imports in Nigeria
In 2022, approx. 84 tons of alums were imported into Nigeria; jumping by 16% compared with the previous year's figure. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 805% against the previous year. As a result, imports reached the peak of 96 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, alums imports rose rapidly to $41K in 2022. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 435%. As a result, imports attained the peak of $44K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Alums in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 6.1 | 31.1 | 31.9 | 36.9 | 82.2% |
China | 0.2 | 4.1 | 4.3 | 2.5 | 132.1% |
United Kingdom | 0.1 | 0.5 | 0.4 | 0.5 | 71.0% |
Sweden | 0.5 | 6.8 | N/A | N/A | 1260.0% |
Others | 1.3 | 1.4 | 0.8 | 0.8 | -14.9% |
Total | 8.2 | 44.0 | 37.4 | 40.7 | 70.6% |
Top Suppliers of Alums to Nigeria in 2022:
- Turkey (80.1 tons)
- China (2.1 tons)
- United Kingdom (1.7 tons)
Alums Exports in Nigeria
In 2022, approx. 182 kg of alums were exported from Nigeria; picking up by 17% on the previous year's figure. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 281%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, alums exports contracted significantly to $114 in 2022. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 350%.
Export of Alums in Nigeria (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Benin | 9.0 | 35.0 | 90.0 | 107 | 128.2% |
Others | 1.0 | 10.0 | 93.0 | 7.0 | 91.3% |
Total | 10.0 | 45.0 | 183 | 114 | 125.1% |
Top Export Markets for Alums from Nigeria in 2022:
- Benin (181.0 kg)
This report provides an in-depth analysis of the alums market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20134173 - Alums
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In value terms, sulphates, alums and peroxosulphates imports totaled $X in 2016. In general, sulphates, alums and peroxosulphates imports continue to indicate a relatively flat trend pattern. Globa...
In value terms, sulphates, alums and peroxosulphates exports amounted to $X in 2016. Overall, sulphates, alums and peroxosulphates exports continue to indicate a relatively flat trend pattern. Over...
In value terms, sulphates, alums and peroxosulphates imports totaled $X in 2016. In general, sulphates, alums and peroxosulphates imports continue to indicate a relatively flat trend pattern. Globa...
In value terms, sulphates, alums and peroxosulphates exports amounted to $X in 2016. Overall, sulphates, alums and peroxosulphates exports continue to indicate a relatively flat trend pattern. Over...