Price for Monophenols; Cresols and Their Salts in Nigeria - 2022
Contents:
- Price for Monophenols; Cresols and Their Salts in Nigeria (CIF) - 2022
- Imports of Monophenols; Cresols and Their Salts in Nigeria
Price for Monophenols; Cresols and Their Salts in Nigeria (CIF) - 2022
The average import price for monophenols; cresols and their saltses stood at $2,386 per ton in 2022, increasing by 2.5% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, monophenols; cresols and their salts import price increased by +25.4% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 41% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($3,106 per ton), while the price for India ($1,302 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Monophenols; Cresols and Their Salts in Nigeria
In 2022, approx. 195 tons of monophenols; cresols and their saltses were imported into Nigeria; waning by -19.1% compared with the previous year. Over the period under review, imports showed a mild descent. The pace of growth was the most pronounced in 2021 with an increase of 46% against the previous year. As a result, imports reached the peak of 242 tons, and then dropped significantly in the following year.
In value terms, monophenols; cresols and their salts imports contracted markedly to $466K in 2022. Overall, total imports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +2.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 52%. As a result, imports attained the peak of $563K, and then shrank remarkably in the following year.
| Import of Monophenols; Cresols and Their Salts in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 189 | 221 | 179 | 195 | 1.0% |
| Netherlands | 108 | 46.6 | 157 | 111 | 0.9% |
| China | 71.9 | 62.7 | 166 | 98.8 | 11.2% |
| United Kingdom | 49.4 | 31.1 | 15.4 | 30.1 | -15.2% |
| Germany | 14.8 | 7.6 | 43.9 | 26.1 | 20.8% |
| India | 0.3 | 0.1 | 0.1 | 3.9 | 135.1% |
| Others | 1.4 | 1.0 | 0.6 | 1.0 | -10.6% |
| Total | 435 | 370 | 563 | 466 | 2.3% |
Top Suppliers of Monophenols; Cresols and Their Salts to Nigeria in 2022:
- China (68.9 tons)
- Czech Republic (66.3 tons)
- Netherlands (35.9 tons)
- United Kingdom (12.5 tons)
- Germany (8.8 tons)
- India (3.0 tons)
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