Report Update: Apr 10, 2024

Nigeria - Compound Plasticisers For Rubber Or Plastics - Market Analysis, Forecast, Size, Trends And Insights

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Compound Plasticisers Price in Nigeria - 2022

Compound Plasticisers Price in Nigeria (CIF) - 2022

The average compound plasticisers import price stood at $1,860 per ton in 2022, with a decrease of -3.4% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, compound plasticisers import price increased by +33.6% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 42% against the previous year. As a result, import price attained the peak level of $2,614 per ton. From 2015 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 Taiwan (Chinese) ($2,136 per ton), while the price for the United States ($942 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Compound Plasticisers Price in Nigeria (FOB) - 2022

In 2022, the average compound plasticisers export price amounted to $1,904 per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price recorded a abrupt decrease. The growth pace was the most rapid in 2015 an increase of 8.9%. Over the period under review, the average export prices attained the peak figure at $6,496 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($2,648 per ton), while the average price for exports to Ghana stood at $1,480 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (-4.1%), while the prices for the other major destinations experienced a decline.

Compound Plasticisers Imports in Nigeria

In 2022, overseas purchases of compound plasticisers for rubber or plastics decreased by -1.5% to 2.2K tons, falling for the second year in a row after two years of growth. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 450% against the previous year. As a result, imports reached the peak of 3.3K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, compound plasticisers imports declined slightly to $4M in 2022. Overall, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 494%. As a result, imports reached the peak of $5M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Compound Plasticisers in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	149	829	1,421	1,416	111.8%
India	33.4	1,778	1,054	1,050	215.6%
Malaysia	297	878	486	632	28.6%
South Korea	134	509	147	295	30.1%
China	47.5	124	120	129	39.5%
Austria	19.0	99.1	89.3	89.0	67.3%
United States	1.3	4.6	89.0	88.7	308.6%
Hong Kong SAR	N/A	323	N/A	N/A	0%
Others	155	419	822	324	27.9%
Total	836	4,964	4,228	4,023	68.8%

Top Suppliers of Compound Plasticisers to Nigeria in 2022:

Taiwan (Chinese) (662.7 tons)
India (497.4 tons)
Malaysia (385.9 tons)
South Korea (242.4 tons)
China (134.6 tons)
United States (94.2 tons)
Austria (62.3 tons)

Compound Plasticisers Exports in Nigeria

In 2022, overseas shipments of compound plasticisers for rubber or plastics were finally on the rise to reach 39 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a deep slump.

In value terms, compound plasticisers exports rose remarkably to $75K in 2022. In general, exports, however, saw a deep reduction.

Export of Compound Plasticisers in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Africa	71.0	51.6	37.6	37.6	-19.1%
Ghana	32.6	30.5	28.7	36.9	4.2%
Others	N/A	0.7	N/A	N/A	0%
Total	104	82.9	66.3	74.6	-10.5%

Top Export Markets for Compound Plasticisers from Nigeria in 2022:

Ghana (25.0 tons)
South Africa (14.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the compound plasticisers 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 20595640 - Compound plasticisers for rubber or plastics

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