Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Nigeria - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Nigeria (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Nigeria
Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Nigeria (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates amounted to $2,255 per ton, with an increase of 78% against the previous year. Over the period under review, the import price saw a prominent increase. As a result, import price reached the peak level and is likely to continue 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 China ($2,411 per ton), while the price for the UK ($198 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Nigeria
For the third consecutive year, Nigeria recorded decline in supplies from abroad of acids; saturated acyclic monocarboxylic acids; n-butyl acetates, which decreased by -2% to 416 tons in 2022. In general, imports showed a dramatic curtailment.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates surged to $937K in 2022. Over the period under review, total imports indicated a slight increase from 2019 to 2022: its value increased at an average annual rate of +1.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 176 | 29.4 | 33.1 | 708 | 59.0% |
| United Arab Emirates | 252 | 96.3 | 94.8 | 115 | -23.0% |
| Germany | N/A | 1.1 | 7.4 | 64.1 | 663.4% |
| South Africa | N/A | N/A | N/A | 47.3 | 0% |
| Russia | 409 | 723 | 264 | N/A | -19.7% |
| Taiwan (Chinese) | 42.6 | N/A | 127 | N/A | 72.7% |
| Others | 5.1 | 5.3 | 12.4 | 1.7 | -30.7% |
| Total | 884 | 856 | 538 | 937 | 2.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate to Nigeria in 2022:
- China (293.9 tons)
- United Arab Emirates (56.2 tons)
- Germany (33.9 tons)
- South Africa (27.1 tons)
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