Price for Ethylene Polymers; Waste, Parings and Scrap in Nigeria - 2023

Contents:

1. Price for Ethylene Polymers; Waste, Parings and Scrap in Nigeria (CIF) - 2022
2. Price for Ethylene Polymers; Waste, Parings and Scrap in Nigeria (FOB) - 2022
3. Imports of Ethylene Polymers; Waste, Parings and Scrap in Nigeria
4. Exports of Ethylene Polymers; Waste, Parings and Scrap in Nigeria

Price for Ethylene Polymers; Waste, Parings and Scrap in Nigeria (CIF) - 2022

The average import price for ethylene polymers; waste, parings and scraps stood at $1,135 per ton in 2022, surging by 60% against the previous year. Overall, the import price continues to indicate a temperate expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($1,187 per ton), while the price for Vietnam ($797 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+29.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Ethylene Polymers; Waste, Parings and Scrap in Nigeria (FOB) - 2022

The average export price for ethylene polymers; waste, parings and scraps stood at $726 per ton in 2022, jumping by 241% against the previous year. In general, the export price enjoyed slight growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($1,868 per ton), while the average price for exports to China ($151 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+582.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ethylene Polymers; Waste, Parings and Scrap in Nigeria

In 2022, after two years of decline, there was significant growth in purchases abroad of ethylene polymers; waste, parings and scraps, when their volume increased by 22% to 2.7K tons. Over the period under review, imports, however, faced a sharp downturn.

In value terms, imports of ethylene polymers; waste, parings and scraps soared to $3.1M in 2022. In general, imports, however, continue to indicate a dramatic slump.

Top Suppliers of Ethylene Polymers; Waste, Parings and Scrap to Nigeria in 2022:

1. Thailand (2347.6 tons)
2. Vietnam (310.3 tons)

Exports of Ethylene Polymers; Waste, Parings and Scrap in Nigeria

In 2022, after three years of growth, there was significant decline in shipments abroad of ethylene polymers; waste, parings and scraps, when their volume decreased by -69.2% to 3.6K tons. Overall, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 704% against the previous year. As a result, the exports reached the peak of 12K tons, and then dropped remarkably in the following year.

In value terms, exports of ethylene polymers; waste, parings and scraps reached $2.6M in 2022. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 608%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Ethylene Polymers; Waste, Parings and Scrap from Nigeria in 2022:

1. Spain (1300.1 tons)
2. United Kingdom (559.7 tons)
3. China (363.9 tons)
4. Ireland (310.8 tons)
5. Mexico (220.0 tons)
6. India (173.7 tons)
7. United States (150.0 tons)
8. Slovenia (80.0 tons)
9. Turkey (60.0 tons)

Source: IndexBox Market Intelligence Platform