Nigeria - Phenols - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPhenols Price in Nigeria - 2022
Contents:
- Phenols Price in Nigeria (CIF) - 2022
- Phenols Price in Nigeria (FOB) - 2022
- Phenols Imports in Nigeria
- Phenols Exports in Nigeria
Phenols Price in Nigeria (CIF) - 2022
In 2022, the average phenols import price amounted to $4,422 per ton, shrinking by -11.7% against the previous year. In general, the import price recorded a slight slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by 77% against the previous year. The import price peaked at $5,949 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($7,881 per ton), while the price for the Netherlands ($1,089 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+47.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Phenols Price in Nigeria (FOB) - 2022
The average phenols export price stood at $127,978 per ton in 2021, increasing by 38% against the previous year. In general, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 an increase of 74%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in years to come.
As there is only one major export destination, the average price level is determined by prices for South Korea.
From 2012 to 2021, the rate of growth in terms of prices for Ghana amounted to +62.2% per year.
Phenols Imports in Nigeria
In 2022, purchases abroad of phenols decreased by -34.6% to 1.4K tons, falling for the second consecutive year after two years of growth. In general, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of 43% against the previous year. As a result, imports attained the peak of 2.9K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, phenols imports contracted sharply to $6.3M in 2022. Over the period under review, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 124%. As a result, imports attained the peak of $17M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Phenols in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,589 | 5,573 | 3,491 | 2,992 | 23.5% |
| United Kingdom | 1,355 | 3,151 | 2,224 | 1,422 | 1.6% |
| South Korea | N/A | N/A | N/A | 340 | 0% |
| Thailand | N/A | 101 | N/A | 309 | 74.9% |
| Germany | 58.8 | 184 | 171 | 250 | 62.0% |
| India | 2,252 | 5,747 | 3,290 | 208 | -54.8% |
| Italy | 26.1 | 38.9 | 30.2 | 145 | 77.1% |
| United States | 46.5 | 63.0 | 26.0 | 137 | 43.4% |
| Belgium | 849 | 78.0 | 142 | 113 | -48.9% |
| Spain | 0.3 | 8.0 | 13.9 | 113 | 622.2% |
| Czech Republic | 96.3 | 634 | 140 | 110 | 4.5% |
| Netherlands | 136 | 337 | 258 | 1.0 | -80.6% |
| Others | 1,274 | 1,295 | 1,158 | 178 | -48.1% |
| Total | 7,683 | 17,211 | 10,943 | 6,318 | -6.3% |
Top Suppliers of Phenols to Nigeria in 2022:
- China (454.3 tons)
- Germany (190.1 tons)
- South Korea (181.2 tons)
- United Kingdom (180.4 tons)
- Thailand (172.6 tons)
- Italy (99.0 tons)
- Spain (75.3 tons)
- United States (58.9 tons)
- India (49.0 tons)
- Czech Republic (35.9 tons)
- Belgium (25.2 tons)
- Netherlands (0.9 tons)
Phenols Exports in Nigeria
In 2022, overseas shipments of phenols decreased by 0% to 12 tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year. As a result, the exports attained the peak of 14 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, phenols exports skyrocketed to $1.9M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +19.9% 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 +72.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 21%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Phenols in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| South Korea | N/A | N/A | 1,576 | 0% | |
| Cote d'Ivoire | N/A | 17.0 | N/A | 0% | |
| Ghana | 1,095 | N/A | N/A | 0% | |
| Others | 3.3 | 1,317 | 2.4 | -14.7% | |
| Total | 1,098 | 1,334 | 1,578 | 19.9% | |
Top Export Markets for Phenols from Nigeria in 2022:
- South Korea (11.9 tons)
This report provides an in-depth analysis of the phenols 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 20142410 - Monophenols
- Prodcom 20142433 - 4,4-Isopropylidenediphenol (bisphenol A, diphenylolpropane) a nd its salts
- Prodcom 20142439 - Polyphenols (including salts, excluding 4,4 isopropylidenediphenol) and phenol-alcohols
- Prodcom 20142450 - Halogenated, sulphonated, nitrated or nitrosated derivatives of phenols or phenol-alcohols
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
- 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
438
This report provides an in-depth analysis of the phenols market in Nigeria.
290
This report provides an in-depth analysis of the monophenols market in Nigeria.
355
This report provides an in-depth analysis of the polyphenols and phenol-alcohols market in Nigeria.
899
This report provides an in-depth analysis of the global phenols market.
458
This report provides an in-depth analysis of the global monophenols market.
723
This report provides an in-depth analysis of the global polyphenols and phenol-alcohols market.
438
This report provides an in-depth analysis of the phenols market in Nigeria.
290
This report provides an in-depth analysis of the monophenols market in Nigeria.
355
This report provides an in-depth analysis of the polyphenols and phenol-alcohols market in Nigeria.
899
This report provides an in-depth analysis of the global phenols market.
217
Explore the top import markets for phenols, including China, India, Germany, and more. Key statistics and data from the IndexBox market intelligence platform.
733
In value terms, phenols and phenol-alcohols imports totaled $X in 2016. Overall, phenols and phenol-alcohols imports continue to indicate a relatively flat trend pattern. Global phenols and phenol-...
1522
In value terms, phenols and phenol-alcohols exports stood at $X in 2016. In general, phenols and phenol-alcohols exports continue to indicate a relatively flat trend pattern. Over the period under ...
1105
Global phenol imports amounted to X tons in 2016, picking up by X% against the previous year figure. Overall, phenol imports continue to indicate a relatively flat trend pattern. The pace of grow...
948
Global phenol imports amounted to X tons in 2016, picking up by X% against the previous year figure. Overall, phenol imports continue to indicate a relatively flat trend pattern. The pace of grow...
57
Explore the top import markets for monophenols worldwide, with key statistics and numbers provided for each country. Discover the trends in the global market for monophenols.
217
Explore the top import markets for phenols, including China, India, Germany, and more. Key statistics and data from the IndexBox market intelligence platform.
733
In value terms, phenols and phenol-alcohols imports totaled $X in 2016. Overall, phenols and phenol-alcohols imports continue to indicate a relatively flat trend pattern. Global phenols and phenol-...
1522
In value terms, phenols and phenol-alcohols exports stood at $X in 2016. In general, phenols and phenol-alcohols exports continue to indicate a relatively flat trend pattern. Over the period under ...
1105
Global phenol imports amounted to X tons in 2016, picking up by X% against the previous year figure. Overall, phenol imports continue to indicate a relatively flat trend pattern. The pace of grow...
