Price for Carboxyimide-function compounds (including saccharin and its salts) and imine-function compounds in Nigeria - 2022

Contents:

1. Price for Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Nigeria (CIF) - 2022
2. Imports of Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Nigeria

Price for Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Nigeria (CIF) - 2022

In June 2022, the average import price for carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses amounted to $4,181 per ton, jumping by 43% against the previous month. In general, the import price, however, continues to indicate a noticeable setback. The pace of growth was the most pronounced in January 2022 an increase of 297% m-o-m. The import price peaked at $8,596 per ton in February 2022; however, from March 2022 to June 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2022, the country with the highest price was China ($4,982 per ton), while the price for India amounted to $521 per ton.

From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (0.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Nigeria

In 2022, after three years of growth, there was significant decline in overseas purchases of carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses, when their volume decreased by -15.2% to 665 tons. The total import volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 24%.

In value terms, imports of carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses expanded to $3.2M in 2022. The total import value increased at an average annual rate of +12.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 33%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds to Nigeria in 2022:

1. China (464.8 tons)
2. India (170.1 tons)
3. United States (24.4 tons)

Source: IndexBox Market Intelligence Platform