Price for Lecithins and Other Phosphoaminolipids in Nigeria - 2022

Contents:

1. Price for Lecithins and Other Phosphoaminolipids in Nigeria (CIF) - 2022
2. Price for Lecithins and Other Phosphoaminolipids in Nigeria (FOB) - 2022
3. Imports of Lecithins and Other Phosphoaminolipids in Nigeria
4. Exports of Lecithins and Other Phosphoaminolipids in Nigeria

Price for Lecithins and Other Phosphoaminolipids in Nigeria (CIF) - 2022

In 2022, the average lecithins and other phosphoaminolipids import price amounted to $4,299 per ton, increasing by 28% against the previous year. Over the period under review, the import price saw prominent growth. The most prominent rate of growth was recorded in 2021 an increase of 57%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.

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 Germany ($12,788 per ton), while the price for Indonesia ($965 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Lecithins and Other Phosphoaminolipids in Nigeria (FOB) - 2022

In 2022, the average lecithins and other phosphoaminolipids export price amounted to $1,635 per ton, with an increase of 140% against the previous year. Overall, the export price continues to indicate significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($2,534 per ton), while the average price for exports to India ($1,607 per ton) was amongst the lowest.

From 2021 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+136.0%).

Imports of Lecithins and Other Phosphoaminolipids in Nigeria

Lecithins and other phosphoaminolipids imports into Nigeria reduced to 402 tons in 2022, shrinking by -5% against the year before. In general, imports saw a precipitous slump.

In value terms, lecithins and other phosphoaminolipids imports soared to $1.7M in 2022. Over the period under review, imports saw a perceptible setback.

Top Suppliers of Lecithins and Other Phosphoaminolipids to Nigeria in 2022:

1. India (154.8 tons)
2. United States (148.0 tons)
3. Netherlands (47.5 tons)
4. China (31.5 tons)
5. Germany (9.9 tons)
6. Indonesia (9.8 tons)

Exports of Lecithins and Other Phosphoaminolipids in Nigeria

In 2022, lecithins and other phosphoaminolipids exports from Nigeria rose markedly to 792 tons, with an increase of 11% on the previous year. The total export volume increased at an average annual rate of +11.3% from 2021 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, lecithins and other phosphoaminolipids exports surged to $1.3M in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Lecithins and Other Phosphoaminolipids from Nigeria in 2022:

1. India (680.1 tons)
2. Netherlands (91.5 tons)
3. China (20.0 tons)

Source: IndexBox Market Intelligence Platform