Price for Cyclic Hydrocarbons; Mixed Xylene Isomers in Nigeria - 2022
Contents:
- Price for Cyclic Hydrocarbons; Mixed Xylene Isomers in Nigeria (CIF) - 2022
- Imports of Cyclic Hydrocarbons; Mixed Xylene Isomers in Nigeria
Price for Cyclic Hydrocarbons; Mixed Xylene Isomers in Nigeria (CIF) - 2022
In 2022, the average import price for cyclic hydrocarbons; mixed xylene isomerses amounted to $1,711 per ton, growing by 36% against the previous year. Over the period under review, the import price continues to indicate a notable expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 53% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,549 per ton), while the price for Singapore ($1,160 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+38.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Cyclic Hydrocarbons; Mixed Xylene Isomers in Nigeria
In 2022, the amount of cyclic hydrocarbons; mixed xylene isomerses imported into Nigeria was estimated at 4.7K tons, increasing by 2.7% against 2021 figures. The total import volume increased at an average annual rate of +11.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, cyclic hydrocarbons; mixed xylene isomers imports skyrocketed to $8M in 2022. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 95%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Cyclic Hydrocarbons; Mixed Xylene Isomers in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1,518 | 1,788 | 568 | 2,880 | 23.8% |
| United Arab Emirates | 333 | 118 | 1,535 | 1,563 | 67.4% |
| Taiwan (Chinese) | 452 | 427 | 1,331 | 1,355 | 44.2% |
| Netherlands | 28.6 | 114 | 546 | 556 | 168.9% |
| France | 22.2 | 36.9 | 440 | 448 | 172.3% |
| Thailand | 64.2 | 94.7 | 225 | 229 | 52.8% |
| Singapore | 80.2 | 63.9 | 172 | 176 | 30.0% |
| Others | 301 | 278 | 871 | 763 | 36.3% |
| Total | 2,798 | 2,921 | 5,688 | 7,969 | 41.7% |
Top Suppliers of Cyclic Hydrocarbons; Mixed Xylene Isomers to Nigeria in 2022:
- South Korea (1970.1 tons)
- United Arab Emirates (775.8 tons)
- Taiwan (Chinese) (690.4 tons)
- Netherlands (323.5 tons)
- France (190.5 tons)
- Singapore (151.9 tons)
- Thailand (127.6 tons)
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