Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Nigeria - 2022
Contents:
- Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Nigeria (CIF) - 2022
- Imports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Nigeria
Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Nigeria (CIF) - 2022
In June 2022, the average import price for alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses amounted to $4,192 per ton, with a decrease of -7.7% against the previous month. In general, the import price showed a abrupt shrinkage. The pace of growth appeared the most rapid in September 2021 an increase of 317% m-o-m. The import price peaked at $25,745 per ton in October 2021; however, from November 2021 to June 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2022, the country with the highest price was the United States ($119K per ton), while the price for China ($1,703 per ton) was amongst the lowest.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by the United States (+81.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Nigeria
Imports of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses into Nigeria soared to 2.6K tons in 2022, with an increase of 210% compared with 2021. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses skyrocketed to $12M in 2022. Overall, imports, however, showed a noticeable descent.
| Import of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.2 | 0.4 | N/A | 4.6 | 184.4% |
| India | 2.6 | 1.6 | 1.7 | 2.5 | -1.3% |
| Germany | 2.0 | 3.8 | 1.3 | 2.2 | 3.2% |
| China | 2.2 | 2.3 | 2.8 | 2.1 | -1.5% |
| Brazil | N/A | 0.2 | 0.7 | 0.1 | -29.3% |
| United States | N/A | N/A | N/A | 0.1 | 0% |
| Spain | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Thailand | 0.2 | 0.3 | N/A | N/A | 50.0% |
| Malaysia | 4.7 | 1.9 | 1.9 | N/A | -36.4% |
| France | 0.2 | 1.3 | 0.1 | N/A | -29.3% |
| Others | 0.3 | 0.4 | 0.4 | 0.2 | -12.6% |
| Total | 12.7 | 12.2 | 9.0 | 11.9 | -2.1% |
Top Suppliers of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives to Nigeria in 2022:
- United Kingdom (1611.0 tons)
- China (451.7 tons)
- India (296.1 tons)
- Germany (129.8 tons)
- Spain (43.5 tons)
- United States (42.5 tons)
- Brazil (3.5 tons)
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