Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Nigeria - 2023

Contents:

  1. Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Nigeria (CIF) - 2022
  2. Imports of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Nigeria

Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Nigeria (CIF) - 2022

The average import price for cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses stood at $4,968 per ton in 2022, picking up by 14% against the previous year. In general, the import price, however, showed a noticeable reduction. The growth pace was the most rapid in 2014 when the average import price increased by 16% against the previous year. The import price peaked at $6,182 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Sweden ($9,302 per ton), while the price for China ($2,941 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 (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Nigeria

In 2022, imports of cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses into Nigeria expanded remarkably to 3.6K tons, with an increase of 10% against 2021 figures. Overall, imports showed a perceptible increase. The pace of growth was the most pronounced in 2020 when imports increased by 94% against the previous year. As a result, imports attained the peak of 6.2K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses skyrocketed to $18M in 2022. In general, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 99% against the previous year. As a result, imports attained the peak of $28M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Nigeria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2.95.63.45.120.7%
Netherlands1.16.53.04.661.1%
South Korea1.54.63.33.026.0%
Sweden3.85.22.22.7-10.8%
United States0.13.11.01.2128.9%
Germany0.40.70.80.931.0%
Belgium3.61.8N/A0.2-61.8%
Others0.70.70.40.4-17.0%
Total14.228.214.217.98.0%

Top Suppliers of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms to Nigeria in 2022:

  1. China (1747.5 tons)
  2. Netherlands (638.9 tons)
  3. South Korea (523.0 tons)
  4. Sweden (285.0 tons)
  5. United States (165.2 tons)
  6. Germany (152.0 tons)
  7. Belgium (23.6 tons)

Source: IndexBox Market Intelligence Platform

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