Report Update Nov 1, 2024

Nigeria - Peroxides of Sodium or Potassium - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Peroxides Of Sodium Market 2024

Peroxides Of Sodium Market Size in Nigeria

The Nigerien peroxides of sodium market declined rapidly to $X in 2021, with a decrease of -99.8% against the previous year. Overall, consumption continues to indicate a significant decrease. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Peroxides Of Sodium Production in Nigeria

In value terms, peroxides of sodium production contracted modestly to $X in 2021 estimated in export price. Over the period under review, production recorded a mild downturn. The growth pace was the most rapid in 2013 when the production volume increased by 71% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Peroxides Of Sodium Exports

Exports from Nigeria

After three years of growth, shipments abroad of peroxides of sodium or potassium decreased by -87.6% to X kg in 2018. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 85% against the previous year. As a result, the exports attained the peak of X kg, and then fell significantly in the following year.

In value terms, peroxides of sodium exports reduced sharply to $X in 2018. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2017 when exports increased by 57% against the previous year. As a result, the exports attained the peak of $X, and then fell rapidly in the following year.

Exports by Country

Benin (X kg) was the main destination for peroxides of sodium exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2013 to 2018, the average annual rate of growth in terms of volume to Benin amounted to +41.4%.

In value terms, Benin ($X) emerged as the key foreign market for peroxides of sodium or potassium exports from Nigeria.

From 2013 to 2018, the average annual growth rate of value to Benin totaled -45.7%.

Export Prices by Country

In 2018, the average peroxides of sodium export price amounted to $X per ton, waning by -7.8% against the previous year. Over the period under review, the export price recorded a significant decline. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2018, 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 Benin.

From 2013 to 2018, the rate of growth in terms of prices for Benin amounted to -61.8% per year.

Peroxides Of Sodium Imports

Imports into Nigeria

In 2021, the amount of peroxides of sodium or potassium imported into Nigeria reduced rapidly to X kg, with a decrease of -99.8% against 2020 figures. Over the period under review, imports saw a sharp descent. The pace of growth was the most pronounced in 2019 with an increase of 278% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, peroxides of sodium imports shrank sharply to $X in 2021. Overall, imports saw a sharp curtailment. The pace of growth was the most pronounced in 2014 with an increase of 415% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The UK (X kg), Italy (X kg) and the United States (X kg) were the main suppliers of peroxides of sodium imports to Nigeria, together comprising 91% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of -13.7%), while purchases for the other leaders experienced a decline.

In value terms, Italy ($X), the UK ($X) and South Africa ($X) appeared to be the largest peroxides of sodium suppliers to Nigeria, with a combined 83% share of total imports.

Among the main suppliers, South Africa, with a CAGR of -12.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average peroxides of sodium import price amounted to $X per ton, which is down by -31.9% against the previous year. Overall, the import price saw a perceptible decrease. The most prominent rate of growth was recorded in 2014 an increase of 208%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Africa ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peroxides of sodium or potassium in the world?

Taiwan Chinese) constituted the country with the largest volume of peroxides of sodium consumption, comprising approx. 29% of total volume. Moreover, peroxides of sodium consumption in Taiwan Chinese) exceeded the figures recorded by the second-largest consumer, the United States, threefold. Russia ranked third in terms of total consumption with a 9.5% share.

What are the largest producers of peroxides of sodium or potassium in the world?

The countries with the highest volumes of peroxides of sodium production in 2020 were Taiwan Chinese), the United States and Russia, with a combined 48% share of global production. These countries were followed by South Africa, Kuwait, Malaysia, Oman, Singapore, France, Jordan, Thailand, Belgium and Saudi Arabia, which together accounted for a further 40%.

What are the leading suppliers of peroxides of sodium or potassium to Nigeria?

In value terms, China constituted the largest supplier of peroxides of sodium to Nigeria.

What are the leading importers of peroxides of sodium or potassium from Nigeria?

In value terms, Benin $352) remains the key foreign market for peroxides of sodium exports from Nigeria.

What is the average export price for peroxides of sodium or potassium in Nigeria?

The average peroxides of sodium export price stood at $1,473 per ton in 2018, which is down by -23.4% against the previous year.

What is the average import price for peroxides of sodium or potassium in Nigeria?

The average peroxides of sodium import price stood at $4,823 per ton in 2020, falling by -27.6% against the previous year.

This report provides an in-depth analysis of the peroxides of sodium market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20132550 - Peroxides of sodium or potassium

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023