Nigeria: Chlorine Market 2024

Chlorine Market Size in Nigeria

In 2022, the Nigerien chlorine market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption saw a perceptible downturn. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Chlorine Exports

Exports from Nigeria

In 2022, the amount of chlorine exported from Nigeria dropped remarkably to X tons, waning by X% against the previous year's figure. Overall, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, chlorine exports shrank notably to $X in 2022. In general, exports, however, continue to indicate a moderate expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Togo (X tons) was the main destination for chlorine exports from Nigeria, accounting for a X% share of total exports. Moreover, chlorine exports to Togo exceeded the volume sent to the second major destination, Niger (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Togo totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (X% per year) and Benin (X% per year).

In value terms, Togo ($X) emerged as the key foreign market for chlorine exports from Nigeria, comprising X% of total exports. The second position in the ranking was held by Benin ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Togo amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (X% per year) and Niger (X% per year).

Export Prices by Country

The average chlorine export price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chlorine export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($X per ton), while the average price for exports to Niger ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (X%), while the prices for the other major destinations experienced a decline.

Chlorine Imports

Imports into Nigeria

In 2022, purchases abroad of chlorine decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a deep setback. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, chlorine imports dropped significantly to $X in 2022. Overall, imports recorded a mild setback. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest chlorine supplier to Nigeria, with a X% share of total imports. Moreover, chlorine imports from India exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by Singapore (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Singapore (X% per year).

In value terms, Singapore ($X), India ($X) and Germany ($X) were the largest chlorine suppliers to Nigeria, together accounting for X% of total imports.

Singapore, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average chlorine import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chlorine import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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