Price for Phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereof in Nigeria - 2022
Contents:
- Price for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in Nigeria (CIF) - 2022
- Imports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in Nigeria
Price for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in Nigeria (CIF) - 2022
In 2022, the average import price for phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves amounted to $8,555 per ton, which is down by -13% against the previous year. In general, the import price, however, showed a measured expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 147%. As a result, import price attained the peak level of $11,520 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($11,755 per ton), while the price for China ($8,338 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+15.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in Nigeria
In 2022, the amount of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves imported into Nigeria dropped markedly to 243 tons, which is down by -42.4% on the previous year. Overall, imports showed a sharp decline. The smallest decline of -9.5% was in 2020.
In value terms, imports of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves fell sharply to $2.1M in 2022. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 124% against the previous year. As a result, imports reached the peak of $6.7M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.8 | 2.5 | 1.5 | 1.4 | 20.5% |
| United Kingdom | 0.7 | 1.4 | 1.0 | 0.6 | -5.0% |
| India | 1.2 | 2.8 | 1.6 | 0.1 | -56.3% |
| Belgium | 0.4 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.0 | 6.7 | 4.1 | 2.1 | -11.2% |
Top Suppliers of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof to Nigeria in 2022:
- China (162.6 tons)
- United Kingdom (73.6 tons)
- India (6.8 tons)
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