Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Nigeria - 2022
Contents:
- Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Nigeria (CIF) - 2022
- Imports of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Nigeria
Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Nigeria (CIF) - 2022
In 2022, the average import price for oils and products of the distillation of high temperature coal tar; benzoles amounted to $1,545 per ton, picking up by 9.4% against the previous year. Overall, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2018 an increase of 38%. Over the period under review, average import prices attained the peak figure 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 South Korea ($1,719 per ton), while the price for the United States stood at $263 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+58.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Nigeria
In 2022, purchases abroad of oils and products of the distillation of high temperature coal tar; benzoles decreased by -9.1% to 164 tons, falling for the second year in a row after two years of growth. In general, imports showed a pronounced curtailment. The growth pace was the most rapid in 2020 when imports increased by 14%. As a result, imports attained the peak of 216 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of oils and products of the distillation of high temperature coal tar; benzoles declined slightly to $253K in 2022. The total import value increased at an average annual rate of +6.7% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 23% against the previous year. As a result, imports reached the peak of $256K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 189 | 241 | 234 | 248 | 9.5% |
| United States | 14.0 | 9.0 | 7.2 | 5.1 | -28.6% |
| India | 4.5 | 5.6 | 13.2 | N/A | 71.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 208 | 256 | 254 | 253 | 6.7% |
Top Suppliers of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole to Nigeria in 2022:
- South Korea (144.0 tons)
- United States (19.6 tons)
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