Price for Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in Nigeria - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in Nigeria (CIF) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in Nigeria
Price for Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in Nigeria (CIF) - 2022
In 2022, the average import price for acids; aromatic polycarboxylic acids; dioctyl orthophthalateses amounted to $2,038 per ton, jumping by 25% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; aromatic polycarboxylic acids; dioctyl orthophthalateses increased by +103.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 48%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
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 United States ($2,484 per ton), while the price for Vietnam ($976 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in Nigeria
In 2022, overseas purchases of acids; aromatic polycarboxylic acids; dioctyl orthophthalateses decreased by -11.5% to 12K tons, falling for the second year in a row after two years of growth. In general, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 21% against the previous year. As a result, imports attained the peak of 22K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of acids; aromatic polycarboxylic acids; dioctyl orthophthalateses rose remarkably to $24M in 2022. The total import value increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 32%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
Import of Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 15.5 | 18.0 | 16.1 | 17.5 | 4.1% |
Democratic People's Republic of Korea | 0.1 | 0.8 | 0.6 | 0.6 | 81.7% |
China | 0.1 | 1.0 | 0.3 | 0.6 | 81.7% |
India | N/A | 0.3 | 0.4 | 0.5 | 29.1% |
Vietnam | 0.3 | 0.5 | 0.4 | 0.5 | 18.6% |
Others | 1.9 | 3.1 | 3.4 | 4.0 | 28.2% |
Total | 17.9 | 23.6 | 21.3 | 23.6 | 9.7% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates to Nigeria in 2022:
- South Korea (9.2K tons)
- Democratic People's Republic of Korea (0.5K tons)
- Vietnam (0.5K tons)
- China (0.4K tons)
- India (0.3K tons)
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