Price for Oils and Products of the Distillation of High Temperature Coal Tar; Naphthalene in Nigeria - 2022
Contents:
- Price for Oils and Products of the Distillation of High Temperature Coal Tar; Naphthalene in Nigeria (CIF) - 2022
- Price for Oils and Products of the Distillation of High Temperature Coal Tar; Naphthalene in Nigeria (FOB) - 2022
- Imports of Oils and Products of the Distillation of High Temperature Coal Tar; Naphthalene in Nigeria
- Exports of Oils and Products of the Distillation of High Temperature Coal Tar; Naphthalene in Nigeria
Price for Oils and Products of the Distillation of High Temperature Coal Tar; Naphthalene in Nigeria (CIF) - 2022
In 2022, the average import price for oils and products of the distillation of high temperature coal tar; naphthalenes amounted to $1,829 per ton, rising by 20% against the previous year. Overall, the import price showed a noticeable expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 58% against the previous year. The import price peaked in 2022 and is expected to retain 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 the United States ($5,585 per ton), while the price for the Netherlands ($780 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+31.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Oils and Products of the Distillation of High Temperature Coal Tar; Naphthalene in Nigeria (FOB) - 2022
In 2022, the average export price for oils and products of the distillation of high temperature coal tar; naphthalenes amounted to $616 per ton, approximately mirroring the previous year. Overall, the export price saw a abrupt contraction. The growth pace was the most rapid in 2019 an increase of 40% against the previous year. The export price peaked at $1,795 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($708 per ton), while the average price for exports to Congo ($106 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+4.3%), while the prices for the other major destinations experienced a decline.
Imports of Oils and Products of the Distillation of High Temperature Coal Tar; Naphthalene in Nigeria
In 2022, the amount of oils and products of the distillation of high temperature coal tar; naphthalenes imported into Nigeria fell remarkably to 333 tons, with a decrease of -53.7% on 2021. In general, imports faced a dramatic curtailment. The smallest decline of -14.9% was in 2020.
In value terms, imports of oils and products of the distillation of high temperature coal tar; naphthalenes fell notably to $609K in 2022. Overall, imports recorded a significant decrease. The smallest decline of -7.1% was in 2020.
| Import of Oils and Products of the Distillation of High Temperature Coal Tar; Naphthalene in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.5 | 21.3 | 36.2 | 166 | 125.4% |
| United States | 11.1 | 16.4 | 27.9 | 128 | 125.9% |
| Spain | 1,123 | 1,193 | 469 | 117 | -52.9% |
| South Korea | 348 | 253 | 55.8 | 66.1 | -42.5% |
| Belgium | 153 | 136 | 43.4 | 40.1 | -36.0% |
| Turkey | N/A | N/A | 16.7 | 39.3 | 135.3% |
| India | 17.2 | 34.2 | 71.0 | 25.6 | 14.2% |
| Netherlands | 52.4 | 15.3 | 124 | 12.0 | -38.8% |
| Russia | 200 | 186 | 201 | N/A | 0.2% |
| Others | 104 | 23.1 | 55.5 | 14.3 | -48.4% |
| Total | 2,023 | 1,879 | 1,101 | 609 | -33.0% |
Top Suppliers of Oils and Products of the Distillation of High Temperature Coal Tar; Naphthalene to Nigeria in 2022:
- China (102.4 tons)
- Spain (76.2 tons)
- South Korea (51.3 tons)
- Belgium (26.4 tons)
- United States (22.9 tons)
- Turkey (17.0 tons)
- India (15.6 tons)
- Netherlands (15.4 tons)
Exports of Oils and Products of the Distillation of High Temperature Coal Tar; Naphthalene in Nigeria
For the fourth year in a row, Nigeria recorded growth in overseas shipments of oils and products of the distillation of high temperature coal tar; naphthalenes, which increased by 20% to 124K tons in 2022. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 33% against the previous year. Over the period under review, the exports of oils and products of distillation of high temperature coal tar; naphthalenes attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of oils and products of the distillation of high temperature coal tar; naphthalenes surged to $77M in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 20%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Oils and Products of the Distillation of High Temperature Coal Tar; Naphthalene in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 36.1 | 45.6 | 56.4 | 69.6 | 24.5% |
| Ghana | 7.8 | 7.4 | 6.8 | 6.3 | -6.9% |
| Congo | 0.4 | 0.2 | 0.5 | 0.6 | 14.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 44.3 | 53.2 | 63.8 | 76.5 | 20.0% |
Top Export Markets for Oils and Products of the Distillation of High Temperature Coal Tar; Naphthalene from Nigeria in 2022:
- Belgium (98.3K tons)
- Ghana (20.1K tons)
- Congo (5.9K tons)
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