Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Nigeria - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Nigeria (CIF) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Nigeria
Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Nigeria (CIF) - 2022
In 2022, the average import price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses amounted to $1,403 per ton, waning by -23.9% against the previous year. Over the period under review, the import price continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2019 an increase of 75% against the previous year. The import price peaked at $2,171 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 Belgium ($6,802 per ton), while the price for Taiwan (Chinese) ($1,106 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+26.6%), while the prices for the other major suppliers experienced a decline.
Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Nigeria
In 2022, imports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses into Nigeria skyrocketed to 89 tons, rising by 67% on 2021. In general, imports saw a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 77% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses soared to $126K in 2022. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 120%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 5.7 | 16.1 | 27.0 | 48.7 | 104.4% |
| India | 8.7 | 20.0 | 23.0 | 32.9 | 55.8% |
| China | 0.9 | 9.9 | 32.1 | 27.1 | 211.1% |
| Taiwan (Chinese) | 1.8 | 4.8 | 7.7 | 13.3 | 94.8% |
| Belgium | 11.7 | 12.3 | 7.8 | 1.7 | -47.4% |
| Others | 0.3 | 0.6 | 1.0 | 1.8 | 81.7% |
| Total | 29.1 | 63.8 | 98.5 | 126 | 63.0% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids to Nigeria in 2022:
- South Korea (31.4 tons)
- India (23.1 tons)
- China (21.9 tons)
- Taiwan (Chinese) (12.0 tons)
- Belgium (0.3 tons)
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