Price for Polyvinyl Acetate; in Aqueous Dispersion, in Primary Forms in Nigeria - 2023

Contents:

  1. Price for Polyvinyl Acetate; in Aqueous Dispersion, in Primary Forms in Nigeria (CIF) - 2022
  2. Imports of Polyvinyl Acetate; in Aqueous Dispersion, in Primary Forms in Nigeria

Price for Polyvinyl Acetate; in Aqueous Dispersion, in Primary Forms in Nigeria (CIF) - 2022

In 2022, the average import price for polyvinyl acetate; in aqueous dispersion, in primary formses amounted to $1,548 per ton, growing by 62% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $1,615 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($7,694 per ton), while the price for India ($1,546 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+23.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Polyvinyl Acetate; in Aqueous Dispersion, in Primary Forms in Nigeria

In 2022, purchases abroad of polyvinyl acetate; in aqueous dispersion, in primary formses decreased by -5.4% to 3.7K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 254% against the previous year. As a result, imports reached the peak of 3.9K tons, and then contracted in the following year.

In value terms, imports of polyvinyl acetate; in aqueous dispersion, in primary formses skyrocketed to $5.7M in 2022. Overall, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 323% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Import of Polyvinyl Acetate; in Aqueous Dispersion, in Primary Forms in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India1104523,1085,676272.3%
United Arab Emirates40.943.367.417.2-25.1%
Tunisia69.083.5102N/A21.6%
Turkey49.6154202N/A101.8%
Others1421462386.3-64.6%
Total4128783,7175,699140.0%

Top Suppliers of Polyvinyl Acetate; in Aqueous Dispersion, in Primary Forms to Nigeria in 2022:

  1. India (3.7K tons)

Source: IndexBox Market Intelligence Platform

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