Nigeria - Oxides Of Boron and Boric Acids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Boron Oxide and Boric Acid in Nigeria - 2022
Contents:
- Price for Boron Oxide and Boric Acid in Nigeria (CIF) - 2022
- Price for Boron Oxide and Boric Acid in Nigeria (FOB) - 2022
- Imports of Boron Oxide and Boric Acid in Nigeria
- Exports of Boron Oxide and Boric Acid in Nigeria
Price for Boron Oxide and Boric Acid in Nigeria (CIF) - 2022
The average import price for oxides of boron and boric acids stood at $991 per ton in 2022, falling by -4.2% against the previous year. Over the period under review, the import price showed a noticeable slump. The pace of growth was the most pronounced in 2018 when the average import price increased by 43% against the previous year. Over the period under review, average import prices hit record highs at $1,498 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 India ($1,581 per ton), while the price for China ($382 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 (+1.7%), while the prices for the other major suppliers experienced a decline.
Price for Boron Oxide and Boric Acid in Nigeria (FOB) - 2022
The average export price for oxides of boron and boric acids stood at $313 per ton in 2022, with an increase of 55% against the previous year. Overall, the export price, however, showed a abrupt decrease. Over the period under review, the average export prices attained the maximum at $453 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for South Africa.
From 2020 to 2022, the rate of growth in terms of prices for China amounted to 0.0% per year.
Imports of Boron Oxide and Boric Acid in Nigeria
In 2022, approx. 1.8K tons of oxides of boron and boric acids were imported into Nigeria; rising by 152% compared with the previous year's figure. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, boron oxide and boric acid imports soared to $1.7M in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Boron Oxide and Boric Acid in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 68.0 | 151 | 232 | 833 | 130.5% |
Turkey | 11.4 | 56.3 | 143 | 352 | 213.7% |
United States | 31.6 | 55.0 | 104 | 256 | 100.8% |
Spain | 32.4 | 8.6 | 53.1 | 131 | 59.3% |
Netherlands | 16.3 | 18.1 | 25.3 | 62.3 | 56.4% |
China | 36.1 | 21.1 | 1.4 | 61.2 | 19.2% |
Chile | N/A | 41.2 | 48.1 | N/A | 16.7% |
Singapore | N/A | N/A | 82.4 | N/A | 0% |
Others | 9.7 | 9.9 | 31.6 | 48.9 | 71.5% |
Total | 205 | 361 | 721 | 1,744 | 104.1% |
Top Suppliers of Boron Oxide and Boric Acid to Nigeria in 2022:
- India (526.8 tons)
- Turkey (466.7 tons)
- United States (284.1 tons)
- Spain (196.0 tons)
- China (160.2 tons)
- Netherlands (96.0 tons)
Exports of Boron Oxide and Boric Acid in Nigeria
After two years of growth, shipments abroad of oxides of boron and boric acids decreased by -10% to 113 tons in 2022. The total export volume increased at an average annual rate of +6.1% over the period from 2020 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, the exports reached the peak of 125 tons, and then shrank in the following year.
In value terms, boron oxide and boric acid exports skyrocketed to $35K in 2022. Overall, exports showed a deep reduction.
Export of Boron Oxide and Boric Acid in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
South Africa | N/A | N/A | 35.2 | 0% | |
China | N/A | 25.2 | N/A | 0% | |
Kuwait | 45.3 | N/A | N/A | 0% | |
Others | N/A | N/A | N/A | 0% | |
Total | 45.3 | 25.2 | 35.2 | -11.9% |
Top Export Markets for Boron Oxide and Boric Acid from Nigeria in 2022:
- South Africa (112.5 tons)
This report provides an in-depth analysis of the market for boron oxide and boric acid 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 20132462 -
- Prodcom 20132465 -
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
-
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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