Price for Lustres; Liquid Lustres and Similar Preparations in Nigeria - 2022
Contents:
- Price for Lustres; Liquid Lustres and Similar Preparations in Nigeria (CIF) - 2022
- Price for Lustres; Liquid Lustres and Similar Preparations in Nigeria (FOB) - 2022
- Imports of Lustres; Liquid Lustres and Similar Preparations in Nigeria
- Exports of Lustres; Liquid Lustres and Similar Preparations in Nigeria
Price for Lustres; Liquid Lustres and Similar Preparations in Nigeria (CIF) - 2022
The average import price for lustres; liquid lustres and similar preparationses stood at $8,366 per ton in 2022, with a decrease of -50% against the previous year. Overall, the import price recorded a abrupt descent. The growth pace was the most rapid in 2021 an increase of 81%. Over the period under review, average import prices attained the maximum at $40,898 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for Egypt amounted to +10.3% per year.
Price for Lustres; Liquid Lustres and Similar Preparations in Nigeria (FOB) - 2022
In 2021, the average export price for lustres; liquid lustres and similar preparationses amounted to $80,000 per ton, stabilizing at the previous year. Over the period under review, the export price faced a dramatic slump. The growth pace was the most rapid in 2020 a decrease of 99.9%. The export price peaked at $205,500 per ton in 2017; however, from 2018 to 2021, 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 the Netherlands.
From 2017 to 2021, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.
Imports of Lustres; Liquid Lustres and Similar Preparations in Nigeria
In 2022, approx. 689 kg of lustres; liquid lustres and similar preparationses were imported into Nigeria; which is down by -83.6% compared with 2021. In general, imports faced a dramatic decline. The smallest decline of -13.9% was in 2020.
In value terms, imports of lustres; liquid lustres and similar preparationses dropped markedly to $5.8K in 2022. Over the period under review, imports continue to indicate a precipitous setback. The smallest decline of -51.1% was in 2020.
| Import of Lustres; Liquid Lustres and Similar Preparations in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 30.5 | 6.3 | 4.9 | 5.8 | -42.5% |
| Spain | 138 | 35.6 | 13.1 | N/A | -69.2% |
| South Korea | 8.9 | 4.6 | 1.7 | N/A | -56.3% |
| China | 45.8 | 46.0 | 0.6 | N/A | -88.6% |
| Egypt | 169 | 101 | 44.8 | N/A | -48.5% |
| South Africa | 19.9 | 11.0 | 4.5 | N/A | -52.4% |
| Italy | 2.6 | 1.1 | 0.3 | N/A | -66.0% |
| Others | 11.2 | 2.5 | 0.3 | N/A | -83.6% |
| Total | 426 | 208 | 70.1 | 5.8 | -76.1% |
Top Suppliers of Lustres; Liquid Lustres and Similar Preparations to Nigeria in 2022:
- Turkey (689.0 kg)
Exports of Lustres; Liquid Lustres and Similar Preparations in Nigeria
In 2021, exports of lustres; liquid lustres and similar preparationses from Nigeria stood at 1 kg, approximately mirroring 2020. Overall, exports saw a relatively flat trend pattern. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are likely to see gradual growth in years to come.
In value terms, exports of lustres; liquid lustres and similar preparationses totaled $80 in 2021. Over the period under review, exports enjoyed a remarkable increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are expected to retain growth in the near future.
| Export of Lustres; Liquid Lustres and Similar Preparations in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Netherlands | N/A | N/A | 80.0 | 0% | |
| Gambia | 59.0 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 59.0 | N/A | 80.0 | 16.4% | |
Top Export Markets for Lustres; Liquid Lustres and Similar Preparations from Nigeria in 2022:
- Netherlands (1.0 kg)
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