Price for Briquettes, Ovoids and Similar Solid Fuels; Manufactured from Coal in Nigeria - 2023
Contents:
- Price for Briquettes, Ovoids and Similar Solid Fuels; Manufactured from Coal in Nigeria (FOB) - 2022
- Price for Briquettes, Ovoids and Similar Solid Fuels; Manufactured from Coal in Nigeria (CIF) - 2022
- Exports of Briquettes, Ovoids and Similar Solid Fuels; Manufactured from Coal in Nigeria
- Imports of Briquettes, Ovoids and Similar Solid Fuels; Manufactured from Coal in Nigeria
Price for Briquettes, Ovoids and Similar Solid Fuels; Manufactured from Coal in Nigeria (FOB) - 2022
In 2022, the average export price for briquettes, ovoids and similar solid fuels; manufactured from coals amounted to $71 per ton, with a decrease of -51.5% against the previous year. In general, the export price saw a precipitous setback. The export price peaked at $146 per ton in 2021, and then reduced notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($221 per ton), while the average price for exports to Togo ($70 per ton) was amongst the lowest.
From 2021 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+51.4%).
Price for Briquettes, Ovoids and Similar Solid Fuels; Manufactured from Coal in Nigeria (CIF) - 2022
The average import price for briquettes, ovoids and similar solid fuels; manufactured from coals stood at $635 per ton in 2022, leveling off at the previous year. In general, the import price posted a buoyant expansion. The growth pace was the most rapid in 2018 an increase of 149% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2013 to 2022, the rate of growth in terms of prices for India amounted to +64.6% per year.
Exports of Briquettes, Ovoids and Similar Solid Fuels; Manufactured from Coal in Nigeria
In 2022, exports of briquettes, ovoids and similar solid fuels; manufactured from coals from Nigeria skyrocketed to 145K tons, increasing by 850% compared with the previous year. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of briquettes, ovoids and similar solid fuels; manufactured from coals soared to $10M in 2022. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Briquettes, Ovoids and Similar Solid Fuels; Manufactured from Coal in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Togo | N/A | 8.7 | 0% | ||
| Benin | N/A | 1.4 | 0% | ||
| Saudi Arabia | 2.2 | N/A | 0% | ||
| Others | N/A | 0.2 | 0% | ||
| Total | 2.2 | 10.3 | 368.2% | ||
Top Export Markets for Briquettes, Ovoids and Similar Solid Fuels; Manufactured from Coal from Nigeria in 2022:
- Togo (125.3K tons)
- Benin (19.3K tons)
- Saudi Arabia (0.1K tons)
Imports of Briquettes, Ovoids and Similar Solid Fuels; Manufactured from Coal in Nigeria
In 2022, supplies from abroad of briquettes, ovoids and similar solid fuels; manufactured from coals decreased by 0% to 72 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports posted strong growth. The pace of growth was the most pronounced in 2020 when imports increased by 91%. As a result, imports reached the peak of 88 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of briquettes, ovoids and similar solid fuels; manufactured from coals stood at $46K in 2022. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 117%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Briquettes, Ovoids and Similar Solid Fuels; Manufactured from Coal in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.9 | 17.2 | N/A | 45.9 | 42.4% |
| India | N/A | 17.0 | N/A | N/A | 0% |
| Others | N/A | 0.2 | N/A | N/A | 0% |
| Total | 15.9 | 34.4 | N/A | 45.9 | 42.4% |
Top Suppliers of Briquettes, Ovoids and Similar Solid Fuels; Manufactured from Coal to Nigeria in 2022:
- China (72.2 tons)
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