Nigeria: Peroxides Of Sodium Market 2025

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

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