Price for Felspar; Leucite; Nepheline and Nepheline Syenite; Fluorspar in Nigeria - 2023
Contents:
- Price for Felspar; Leucite; Nepheline and Nepheline Syenite; Fluorspar in Nigeria (FOB) - 2022
- Price for Felspar; Leucite; Nepheline and Nepheline Syenite; Fluorspar in Nigeria (CIF) - 2022
- Exports of Felspar; Leucite; Nepheline and Nepheline Syenite; Fluorspar in Nigeria
- Imports of Felspar; Leucite; Nepheline and Nepheline Syenite; Fluorspar in Nigeria
Price for Felspar; Leucite; Nepheline and Nepheline Syenite; Fluorspar in Nigeria (FOB) - 2022
In 2022, the average export price for felspar; leucite; nepheline and nepheline syenite; fluorspars amounted to $143 per ton, increasing by 36% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 an increase of 55%. The export price peaked at $316 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($199 per ton), while the average price for exports to China totaled $141 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+37.7%).
Price for Felspar; Leucite; Nepheline and Nepheline Syenite; Fluorspar in Nigeria (CIF) - 2022
The average import price for felspar; leucite; nepheline and nepheline syenite; fluorspars stood at $422 per ton in 2022, which is down by -9.7% against the previous year. In general, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of 110% against the previous year. The import price peaked at $1,904 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($1,058 per ton), while the price for India ($142 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-2.9%), while the prices for the other major suppliers experienced a decline.
Exports of Felspar; Leucite; Nepheline and Nepheline Syenite; Fluorspar in Nigeria
In 2022, the amount of felspar; leucite; nepheline and nepheline syenite; fluorspars exported from Nigeria soared to 13K tons, rising by 90% against 2021. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 781%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of felspar; leucite; nepheline and nepheline syenite; fluorspars skyrocketed to $1.9M in 2022. Overall, exports saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 1,149% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Felspar; Leucite; Nepheline and Nepheline Syenite; Fluorspar in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 103 | 56.5 | 571 | 1,752 | 157.2% |
| India | N/A | 1.2 | 123 | 90.8 | 769.9% |
| Togo | 8.3 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | 26.6 | 16.4 | 447.4% |
| Total | 111 | 57.7 | 721 | 1,859 | 155.9% |
Top Export Markets for Felspar; Leucite; Nepheline and Nepheline Syenite; Fluorspar from Nigeria in 2022:
- China (12.4K tons)
- India (0.5K tons)
Imports of Felspar; Leucite; Nepheline and Nepheline Syenite; Fluorspar in Nigeria
In 2022, the amount of felspar; leucite; nepheline and nepheline syenite; fluorspars imported into Nigeria surged to 217 tons, picking up by 36% on 2021 figures. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 119%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of felspar; leucite; nepheline and nepheline syenite; fluorspars soared to $92K in 2022. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 266%. As a result, imports attained the peak of $126K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Felspar; Leucite; Nepheline and Nepheline Syenite; Fluorspar in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 26.0 | 0% |
| Pakistan | N/A | N/A | N/A | 17.6 | 0% |
| Netherlands | 12.2 | 24.4 | 20.2 | 16.0 | 9.5% |
| Norway | N/A | N/A | 0.5 | 13.7 | 2640.0% |
| China | 12.5 | 95.2 | 39.5 | 13.6 | 2.9% |
| India | 7.0 | 0.4 | 10.5 | 1.8 | -36.4% |
| Others | 2.9 | 6.4 | 3.9 | 2.9 | 0.0% |
| Total | 34.5 | 126 | 74.5 | 91.6 | 38.5% |
Top Suppliers of Felspar; Leucite; Nepheline and Nepheline Syenite; Fluorspar to Nigeria in 2022:
- Pakistan (67.3 tons)
- China (49.4 tons)
- United Arab Emirates (47.5 tons)
- Netherlands (24.0 tons)
- Norway (13.0 tons)
- India (12.7 tons)
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