Price for Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in Nigeria - 2022
Contents:
- Price for Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in Nigeria (CIF) - 2022
- Imports of Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in Nigeria
Price for Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in Nigeria (CIF) - 2022
The average import price for acids; acyclic polycarboxylic acids; azelaic acid, sebacic acid, their salts and esterses stood at $187,500 per ton in 2022, growing by 3,202% against the previous year. Over the period under review, the import price posted a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +298.5% per year.
Imports of Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in Nigeria
In 2022, supplies from abroad of acids; acyclic polycarboxylic acids; azelaic acid, sebacic acid, their salts and esterses decreased by 99.9% to 2 kg for the first time since 2018, thus ending a three-year rising trend. Overall, imports faced a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of 174%.
In value terms, imports of acids; acyclic polycarboxylic acids; azelaic acid, sebacic acid, their salts and esterses fell dramatically to $375 in 2022. Over the period under review, imports recorded a sharp setback. The most prominent rate of growth was recorded in 2020 when imports increased by 127% against the previous year.
| Import of Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.4 | N/A | 2.6 | 0.4 | -63.8% |
| South Korea | N/A | N/A | 48.9 | N/A | 0% |
| Vietnam | N/A | 45.1 | N/A | N/A | 0% |
| United Kingdom | 17.2 | 37.2 | 53.7 | N/A | 76.7% |
| Italy | 11.9 | 3.1 | 5.7 | N/A | -30.8% |
| Others | 0.1 | N/A | 0.2 | N/A | 41.4% |
| Total | 37.7 | 85.5 | 111 | 0.4 | -78.0% |
Top Suppliers of Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters to Nigeria in 2022:
- China (2.0 kg)
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