Price for Monophenols; Octylphenol, Nonylphenol and Their Isomers, Salts Thereof in Nigeria - 2022
Contents:
- Price for Monophenols; Octylphenol, Nonylphenol and Their Isomers, Salts Thereof in Nigeria (CIF) - 2022
- Imports of Monophenols; Octylphenol, Nonylphenol and Their Isomers, Salts Thereof in Nigeria
Price for Monophenols; Octylphenol, Nonylphenol and Their Isomers, Salts Thereof in Nigeria (CIF) - 2022
In 2022, the average import price for monophenols; octylphenol, nonylphenol and their isomers, salts thereoves amounted to $2,571 per ton, waning by -14.4% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average import price increased by 34%. Over the period under review, average import prices reached the maximum at $3,005 per ton in 2021, and then fell in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($17,250 per ton), while the price for Poland ($2,298 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+26.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Monophenols; Octylphenol, Nonylphenol and Their Isomers, Salts Thereof in Nigeria
In 2022, supplies from abroad of monophenols; octylphenol, nonylphenol and their isomers, salts thereoves decreased by -55.9% to 77 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a significant curtailment. The growth pace was the most rapid in 2020 with an increase of 76% against the previous year. As a result, imports attained the peak of 383 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of monophenols; octylphenol, nonylphenol and their isomers, salts thereoves reduced sharply to $197K in 2022. In general, imports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 96% against the previous year. As a result, imports attained the peak of $1.1M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Monophenols; Octylphenol, Nonylphenol and Their Isomers, Salts Thereof in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 118 | 287 | 42.6 | 129 | 3.0% |
| Mexico | 30.9 | N/A | N/A | 53.6 | 20.2% |
| Poland | N/A | 3.0 | N/A | 6.9 | 51.7% |
| Taiwan (Chinese) | 29.4 | N/A | N/A | 4.1 | -48.1% |
| India | N/A | 24.5 | 1.7 | 1.7 | -73.7% |
| Russia | 57.8 | 59.4 | 112 | N/A | 39.2% |
| United Kingdom | 113 | 177 | N/A | N/A | 56.6% |
| South Africa | 173 | 536 | 366 | N/A | 45.5% |
| Others | 34.4 | N/A | N/A | 1.6 | -64.0% |
| Total | 556 | 1,088 | 523 | 197 | -29.2% |
Top Suppliers of Monophenols; Octylphenol, Nonylphenol and Their Isomers, Salts Thereof to Nigeria in 2022:
- United States (53.9 tons)
- Mexico (18.0 tons)
- Poland (3.0 tons)
- Taiwan (Chinese) (0.9 tons)
- India (0.1 tons)
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