Liquefied Butanes Price in Nigeria - 2022

Contents:

1. Liquefied Butanes Price in Nigeria (CIF) - 2022
2. Liquefied Butanes Price in Nigeria (FOB) - 2021
3. Liquefied Butanes Imports in Nigeria
4. Liquefied Butanes Exports in Nigeria

Liquefied Butanes Price in Nigeria (CIF) - 2022

The average liquefied butanes import price stood at $1,388 per ton in 2022, declining by -29.7% against the previous year. Over the period under review, the import price, however, recorded resilient growth. The most prominent rate of growth was recorded in 2019 an increase of 71%. Over the period under review, average import prices attained the peak figure at $1,975 per ton in 2021, and then shrank notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,388 per ton), while the price for Niger totaled $242 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+12.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Liquefied Butanes Price in Nigeria (FOB) - 2021

In October 2021, the average liquefied butanes export price amounted to $786K per ton, rising by 182% against the previous month. Overall, the export price showed a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for China.

From January 2021 to October 2021, the rate of growth in terms of prices for China amounted to +5.9% per month.

Liquefied Butanes Imports in Nigeria

In 2022, liquefied butanes imports into Nigeria surged to 65K tons, rising by 95% compared with 2021. Over the period under review, imports, however, continue to indicate a deep downturn.

In value terms, liquefied butanes imports skyrocketed to $90M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +8.2% 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 -21.3% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 61% against the previous year. As a result, imports attained the peak of $115M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Liquefied Butanes to Nigeria in 2022:

1. United States (64.9K tons)

Liquefied Butanes Exports in Nigeria

In 2022, after two years of decline, there was significant growth in shipments abroad of liquefied butaneses, when their volume increased by 60% to 134K tons. Over the period under review, exports, however, saw a dramatic decline.

In value terms, liquefied butanes exports surged to $53M in 2022. In general, exports, however, recorded a sharp downturn.

Top Export Markets for Liquefied Butanes from Nigeria in 2022:

1. Niger (106.8K tons)
2. South Africa (19.8K tons)
3. Rwanda (7.3K tons)

Source: IndexBox Market Intelligence Platform