Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Nigeria - 2022
Contents:
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Nigeria (CIF) - 2022
- Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Nigeria
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Nigeria (CIF) - 2022
In 2022, the average import price for monophenols; phenol (hydroxybenzene) and its saltses amounted to $1,045 per ton, dropping by -33.4% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 102% against the previous year. As a result, import price attained the peak level of $2,160 per ton. From 2019 to 2022, the average import prices remained 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 Germany ($2,081 per ton), while the price for India ($598 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 (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Nigeria
In 2022, after three years of growth, there was significant decline in supplies from abroad of monophenols; phenol (hydroxybenzene) and its saltses, when their volume decreased by -77% to 48 tons. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 127% against the previous year. As a result, imports attained the peak of 207 tons, and then reduced markedly in the following year.
In value terms, imports of monophenols; phenol (hydroxybenzene) and its saltses shrank dramatically to $50K in 2022. In general, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 125%. As a result, imports reached the peak of $325K, and then dropped markedly in the following year.
| Import of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.0 | 24.7 | 33.7 | 40.0 | 242.0% |
| Germany | 10.7 | 21.5 | 57.3 | 8.5 | -7.4% |
| India | 5.8 | 14.0 | 53.3 | 1.3 | -39.3% |
| Belgium | 3.3 | 5.1 | 8.6 | N/A | 61.4% |
| Senegal | 11.1 | 49.7 | 97.5 | N/A | 196.4% |
| Indonesia | 26.9 | N/A | N/A | N/A | 0% |
| Netherlands | 3.0 | 13.4 | 0.8 | N/A | -48.4% |
| Others | 4.0 | 16.0 | 73.8 | N/A | 329.5% |
| Total | 66.0 | 145 | 325 | 49.9 | -8.9% |
Top Suppliers of Monophenols; Phenol (Hydroxybenzene) and Its Salts to Nigeria in 2022:
- China (41.4 tons)
- Germany (4.1 tons)
- India (2.2 tons)
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