Price for Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only in Nigeria - 2023
Contents:
- Price for Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only in Nigeria (CIF) - 2022
- Imports of Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only in Nigeria
Price for Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only in Nigeria (CIF) - 2022
The average import price for heterocyclic compounds with oxygen hetero-atom(s) onlies stood at $6,603 per ton in 2022, rising by 3.4% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 64% against the previous year. The import price peaked at $9,307 per ton in 2013; however, from 2014 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 China ($13,453 per ton), while the price for Saudi Arabia ($2,011 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 (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only in Nigeria
For the fourth year in a row, Nigeria recorded growth in supplies from abroad of heterocyclic compounds with oxygen hetero-atom(s) onlies, which increased by 42% to 1.2K tons in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of heterocyclic compounds with oxygen hetero-atom(s) onlies soared to $7.7M in 2022. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 83%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Swaziland | 208 | 1,151 | 2,721 | 2,689 | 134.7% |
| Spain | 25.8 | N/A | 145 | 2,086 | 332.4% |
| China | 44.2 | 33.4 | 833 | 1,620 | 232.2% |
| India | 12.1 | 115 | 160 | 644 | 276.2% |
| United States | 174 | 669 | 580 | 392 | 31.1% |
| Saudi Arabia | 650 | 850 | 420 | 3.4 | -82.6% |
| United Arab Emirates | 346 | N/A | 214 | N/A | -21.4% |
| Others | 131 | 97.9 | 148 | 227 | 20.1% |
| Total | 1,590 | 2,915 | 5,220 | 7,663 | 68.9% |
Top Suppliers of Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only to Nigeria in 2022:
- Spain (444.2 tons)
- Swaziland (435.2 tons)
- China (120.4 tons)
- India (81.2 tons)
- United States (51.6 tons)
- Saudi Arabia (1.7 tons)
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