Nigeria - Dichloromethane (Methylene Chloride) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingDichloromethane Price in Nigeria - 2022
Contents:
- Dichloromethane Price in Nigeria (CIF) - 2022
- Dichloromethane Price in Nigeria (FOB) - 2022
- Dichloromethane Imports in Nigeria
- Dichloromethane Exports in Nigeria
Dichloromethane Price in Nigeria (CIF) - 2022
In June 2022, the average dichloromethane import price amounted to $1,245 per ton, growing by 8.9% against the previous month. Overall, import price indicated pronounced growth from June 2021 to June 2022: its price increased at an average monthly rate of +3.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2022 figures, dichloromethane import price increased by +27.1% against April 2022 indices. The pace of growth appeared the most rapid in January 2022 when the average import price increased by 62% against the previous month. As a result, import price reached the peak level of $1,917 per ton. From February 2022 to June 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($1,721 per ton), while the price for China ($1,128 per ton) was amongst the lowest.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Dichloromethane Price in Nigeria (FOB) - 2022
In 2022, the average dichloromethane export price amounted to $1,076 per ton, declining by -4% against the previous year. In general, the export price continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2021 an increase of 10% against the previous year. The export price peaked at $1,366 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to -2.4% per year.
Dichloromethane Imports in Nigeria
In 2022, the amount of dichloromethane (methylene chloride) imported into Nigeria surged to 14K tons, jumping by 21% compared with 2021. In general, total imports indicated a notable expansion from 2019 to 2022: its volume increased at an average annual rate of +2.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -32.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 60% against the previous year. As a result, imports attained the peak of 21K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, dichloromethane imports surged to $22M in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Dichloromethane in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.7 | 8.3 | 4.6 | 12.0 | 48.0% |
| Germany | 0.3 | 0.5 | 2.1 | 3.7 | 131.0% |
| South Korea | 1.4 | 1.5 | 1.6 | 2.6 | 22.9% |
| Russia | 0.1 | 0.3 | 0.6 | 1.5 | 146.6% |
| France | 0.3 | 0.7 | 0.1 | 0.8 | 38.7% |
| United Kingdom | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Others | 1.3 | 1.1 | 2.4 | 1.3 | 0.0% |
| Total | 7.3 | 12.6 | 11.6 | 22.0 | 44.4% |
Top Suppliers of Dichloromethane to Nigeria in 2022:
- China (8.2K tons)
- South Korea (1.7K tons)
- Germany (1.6K tons)
- Russia (1.4K tons)
- France (0.5K tons)
- United Kingdom (0.2K tons)
Dichloromethane Exports in Nigeria
After three years of growth, shipments abroad of dichloromethane (methylene chloride) decreased by -13.6% to 864 kg in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +11.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 37%. As a result, the exports reached the peak of 1 tons, and then shrank in the following year.
In value terms, dichloromethane exports shrank sharply to $930 in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 52% against the previous year. As a result, the exports attained the peak of $1.1K, and then dropped dramatically in the following year.
| Export of Dichloromethane in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 600 | 739 | 1,121 | 930 | 15.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 600 | 739 | 1,121 | 930 | 15.7% |
Top Export Markets for Dichloromethane from Nigeria in 2022:
- Niger (864.0 kg)
This report provides an in-depth analysis of the dichloromethane 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 20141315 - Dichloromethane (methylene chloride)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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