Nigeria - Polyethylene Glycols and Polyethers in Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Polyethylene Glycol and Polyether in Nigeria - 2022
Contents:
- Price for Polyethylene Glycol and Polyether in Nigeria (CIF) - 2022
- Price for Polyethylene Glycol and Polyether in Nigeria (FOB) - 2022
- Imports of Polyethylene Glycol and Polyether in Nigeria
- Exports of Polyethylene Glycol and Polyether in Nigeria
Price for Polyethylene Glycol and Polyether in Nigeria (CIF) - 2022
The average polyethylene glycol and polyether import price stood at $2,071 per ton in March 2022, therefore, remained relatively stable against the previous month. In general, the import price, however, saw a mild decrease. The most prominent rate of growth was recorded in June 2021 when the average import price increased by 28% m-o-m. As a result, import price attained the peak level of $2,605 per ton. From July 2021 to March 2022, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In March 2022, the highest price was recorded for prices from Saudi Arabia ($2,699 per ton) and the Netherlands ($2,683 per ton), while the price for South Korea ($1,883 per ton) and China ($1,891 per ton) were amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Polyethylene Glycol and Polyether in Nigeria (FOB) - 2022
The average polyethylene glycol and polyether export price stood at $636 per ton in 2022, leveling off at the previous year. Over the period under review, the export price showed a deep downturn. The pace of growth was the most pronounced in 2014 an increase of 23% against the previous year. As a result, the export price attained the peak level of $2,264 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for South Africa.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +69.2% per year.
Imports of Polyethylene Glycol and Polyether in Nigeria
In 2022, overseas purchases of polyethylene glycols and polyethers in primary forms decreased by -17.1% to 52K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a perceptible downturn. The most prominent rate of growth was recorded in 2020 with an increase of 65%. As a result, imports reached the peak of 94K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, polyethylene glycol and polyether imports contracted to $128M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 61% against the previous year.
Import of Polyethylene Glycol and Polyether in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 33.3 | 48.9 | 33.2 | 37.0 | 3.6% |
Netherlands | 9.0 | 29.4 | 26.4 | 29.3 | 48.2% |
China | 5.2 | 10.4 | 20.6 | 22.8 | 63.7% |
Barbados | 11.5 | 13.7 | 12.3 | 15.3 | 10.0% |
France | 5.3 | 6.6 | 3.3 | 4.8 | -3.2% |
Bangladesh | 2.2 | 2.7 | 2.4 | 3.0 | 10.9% |
Singapore | 4.1 | 2.4 | 0.3 | 2.1 | -20.0% |
Belgium | 2.5 | 2.1 | 1.5 | 1.4 | -17.6% |
Others | 6.1 | 11.7 | 41.3 | 12.2 | 26.0% |
Total | 79.3 | 128 | 141 | 128 | 17.3% |
Top Suppliers of Polyethylene Glycol and Polyether to Nigeria in 2022:
- South Korea (18.0K tons)
- China (9.1K tons)
- Netherlands (8.1K tons)
- Barbados (5.2K tons)
- Singapore (3.3K tons)
- France (2.2K tons)
- Bangladesh (0.9K tons)
- Belgium (0.7K tons)
Exports of Polyethylene Glycol and Polyether in Nigeria
In 2022, overseas shipments of polyethylene glycols and polyethers in primary forms were finally on the rise to reach 21 tons after two years of decline. Over the period under review, exports, however, continue to indicate a deep slump.
In value terms, polyethylene glycol and polyether exports skyrocketed to $13K in 2022. In general, exports, however, continue to indicate a abrupt decline.
Export of Polyethylene Glycol and Polyether in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | 24.3 | 0.1 | 10.6 | 13.3 | -18.2% |
China | 3.6 | N/A | N/A | N/A | 0% |
Malaysia | N/A | 15.8 | N/A | N/A | 0% |
Angola | 9.7 | N/A | N/A | N/A | 0% |
Others | -17.3 | N/A | N/A | N/A | 0% |
Total | 20.3 | 15.9 | 10.6 | 13.3 | -13.1% |
Top Export Markets for Polyethylene Glycol and Polyether from Nigeria in 2022:
- South Africa (20.8 tons)
This report provides an in-depth analysis of the market for polyethylene glycol and polyether in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20164015 - Polyethylene glycols and other polyether alcohols, in primary forms
- Prodcom 20164020 - Polyethers, in primary forms (excluding polyacetals, polyether alcohols)
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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