Price for Heterocyclic Compounds with Nitrogen Hetero-Atom(S) Only; Nucleic Acids and Their Salts in Nigeria - 2023
Contents:
- Price for Heterocyclic Compounds with Nitrogen Hetero-Atom(S) Only; Nucleic Acids and Their Salts in Nigeria (CIF) - 2023
- Imports of Heterocyclic Compounds with Nitrogen Hetero-Atom(S) Only; Nucleic Acids and Their Salts in Nigeria
Price for Heterocyclic Compounds with Nitrogen Hetero-Atom(S) Only; Nucleic Acids and Their Salts in Nigeria (CIF) - 2023
In December 2023, the average import price for heterocyclic compounds with nitrogen hetero-atom(s) only; nucleic acids and their saltses amounted to $7,941 per ton, picking up by 104% against the previous month. In general, the import price recorded resilient growth. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 113% month-to-month. Over the period under review, average import prices hit record highs in December 2023.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was India ($11,589 per ton), while the price for China totaled $6,354 per ton.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by China (+12.8%).
Imports of Heterocyclic Compounds with Nitrogen Hetero-Atom(S) Only; Nucleic Acids and Their Salts in Nigeria
In 2022, approx. 4.5K tons of heterocyclic compounds with nitrogen hetero-atom(s) only; nucleic acids and their saltses were imported into Nigeria; surging by 23% compared with the year before. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 69% against the previous year. As a result, imports attained the peak of 4.5K tons; afterwards, it flattened through to 2022.
In value terms, imports of heterocyclic compounds with nitrogen hetero-atom(s) only; nucleic acids and their saltses fell modestly to $16M in 2022. In general, total imports indicated a mild increase from 2019 to 2022: its value increased at an average annual rate of +1.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -35.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 63% against the previous year. As a result, imports reached the peak of $24M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Heterocyclic Compounds with Nitrogen Hetero-Atom(S) Only; Nucleic Acids and Their Salts in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.0 | 12.0 | 7.9 | 9.9 | 18.2% |
| India | 6.1 | 9.7 | 6.9 | 4.7 | -8.3% |
| United Kingdom | 0.1 | 0.5 | 0.3 | 0.3 | 44.2% |
| Russia | 0.3 | 0.2 | 0.1 | 0.2 | -12.6% |
| Belgium | 0.5 | 0.4 | N/A | N/A | -20.0% |
| Others | 2.0 | 1.4 | 1.1 | 0.5 | -37.0% |
| Total | 14.9 | 24.4 | 16.3 | 15.6 | 1.5% |
Top Suppliers of Heterocyclic Compounds with Nitrogen Hetero-Atom(S) Only; Nucleic Acids and Their Salts to Nigeria in 2022:
- China (3462.1 tons)
- India (640.6 tons)
- Russia (221.0 tons)
- United Kingdom (123.9 tons)
- Belgium (7.6 tons)
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