Price for Ketone-Phenols and Ketones with Other Oxygen Function in Nigeria - 2022
Contents:
- Price for Ketone-Phenols and Ketones with Other Oxygen Function in Nigeria (CIF) - 2022
- Imports of Ketone-Phenols and Ketones with Other Oxygen Function in Nigeria
Price for Ketone-Phenols and Ketones with Other Oxygen Function in Nigeria (CIF) - 2022
In 2022, the average import price for ketone-phenols and ketones with other oxygen functia amounted to $14,769 per ton, shrinking by -13.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2021 an increase of 45%. As a result, import price reached the peak level of $17,080 per ton, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($27,256 per ton), while the price for India ($11,969 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Ketone-Phenols and Ketones with Other Oxygen Function in Nigeria
In 2022, supplies from abroad of ketone-phenols and ketones with other oxygen functia decreased by -27.5% to 13 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. As a result, imports reached the peak of 21 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of ketone-phenols and ketones with other oxygen functia fell notably to $185K in 2022. Overall, imports recorded a mild descent. The most prominent rate of growth was recorded in 2020 when imports increased by 27% against the previous year.
| Import of Ketone-Phenols and Ketones with Other Oxygen Function in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 27.5 | 94.1 | 40.9 | 115 | 61.1% |
| United Kingdom | 22.0 | 107 | 125 | 40.9 | 23.0% |
| Germany | 98.9 | 20.7 | 80.5 | 28.8 | -33.7% |
| China | 18.0 | 18.6 | 10.6 | N/A | -23.3% |
| Italy | 19.5 | 2.5 | 15.4 | N/A | -11.1% |
| Others | 9.0 | 4.5 | 22.5 | N/A | 58.1% |
| Total | 195 | 248 | 294 | 185 | -1.7% |
Top Suppliers of Ketone-Phenols and Ketones with Other Oxygen Function to Nigeria in 2022:
- India (9.6 tons)
- United Kingdom (1.5 tons)
- Germany (1.4 tons)
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