Cyclic Hydrocarbons; M-Xylene Price in Nigeria - 2022
Contents:
- Cyclic Hydrocarbons; M-Xylene Price in Nigeria (CIF) - 2022
- Cyclic Hydrocarbons; M-Xylene Imports in Nigeria
Cyclic Hydrocarbons; M-Xylene Price in Nigeria (CIF) - 2022
In 2022, the average cyclic hydrocarbons; m-xylene import price amounted to $1,284 per ton, falling by -11.6% against the previous year. Over the period under review, the import price saw a noticeable reduction. The pace of growth appeared the most rapid in 2017 an increase of 87%. Over the period under review, average import prices reached the peak figure at $2,153 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Belgium.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +16.5% per year.
Cyclic Hydrocarbons; M-Xylene Imports in Nigeria
In 2022, overseas purchases of cyclic hydrocarbons; m-xylenes decreased by -0.5% to 39 tons, falling for the second year in a row after two years of growth. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +7.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -25.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 65%. As a result, imports reached the peak of 51 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, cyclic hydrocarbons; m-xylene imports dropped to $50K in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +17.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 41%.
| Import of Cyclic Hydrocarbons; M-Xylene in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 17.2 | 20.1 | 22.0 | 49.1 | 41.9% |
| South Korea | N/A | 22.5 | N/A | N/A | 0% |
| Thailand | 13.0 | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | N/A | 8.3 | N/A | 0% |
| Netherlands | N/A | N/A | 25.8 | N/A | 0% |
| Others | 0.1 | 0.1 | 0.2 | 0.4 | 58.7% |
| Total | 30.4 | 42.8 | 56.3 | 49.5 | 17.6% |
Top Suppliers of Cyclic Hydrocarbons; M-Xylene to Nigeria in 2022:
- Belgium (38.6 tons)
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