Complex Cyanides Price in Nigeria - 2021

Contents:

  1. Complex Cyanides Price in Nigeria (CIF) - 2022
  2. Complex Cyanides Imports in Nigeria

Complex Cyanides Price in Nigeria (CIF) - 2022

The average complex cyanides import price stood at $2,564 per ton in 2022, dropping by -2.3% against the previous year. In general, the import price faced a drastic downturn. The pace of growth was the most pronounced in 2014 when the average import price increased by 45%. As a result, import price reached the peak level of $32,813 per ton. From 2015 to 2022, the average 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 the UK ($72,266 per ton), while the price for China ($2,205 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Complex Cyanides Imports in Nigeria

In 2022, the amount of complex cyanideses imported into Nigeria soared to 2.5 tons, rising by 26% against the previous year's figure. The total import volume increased at an average annual rate of +1.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.

In value terms, complex cyanides imports skyrocketed to $6.4K in 2022. Overall, imports, however, saw a abrupt decrease.

Import of Complex Cyanides in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China6.76.44.55.4-6.9%
Others1.41.30.71.0-10.6%
Total8.07.65.26.4-7.2%

Top Suppliers of Complex Cyanides to Nigeria in 2022:

  1. China (2.5 tons)

Source: IndexBox Market Intelligence Platform

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