Report Update: May 1, 2024

Nigeria - Polyethylene in Primary Forms - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Price for Polyethylene in Primary Forms in Nigeria - 2022

Price for Polyethylene in Primary Forms in Nigeria (CIF) - 2022

The average polyethylene in primary forms import price stood at $1,756 per ton in June 2022, picking up by 2% against the previous month. Over the period from June 2021 to June 2022, it increased at an average monthly rate of +1.7%. The pace of growth appeared the most rapid in August 2021 when the average import price increased by 20% against the previous month. The import price peaked at $1,920 per ton in December 2021; however, from January 2022 to June 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2022, the country with the highest price was Belgium ($1,945 per ton), while the price for China ($1,280 per ton) was amongst the lowest.

From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Polyethylene in Primary Forms in Nigeria (FOB) - 2022

The average polyethylene in primary forms export price stood at $71 per ton in 2020, falling by -86.8% against the previous year. Over the period under review, the export price saw a sharp reduction. The most prominent rate of growth was recorded in 2017 an increase of 0.5%. The export price peaked at $3,561 per ton in 2012; however, from 2013 to 2020, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2020, the rate of growth in terms of prices for China amounted to -6.9% per year.

Imports of Polyethylene in Primary Forms in Nigeria

In 2022, the amount of polyethylene in primary forms imported into Nigeria skyrocketed to 293K tons, picking up by 30% compared with 2021. Overall, imports recorded a mild increase. The pace of growth was the most pronounced in 2020 when imports increased by 72% against the previous year. As a result, imports reached the peak of 489K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, polyethylene in primary forms imports declined to $472M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +17.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 69%.

Import of Polyethylene in Primary Forms in Nigeria (Million USD)
COUNTRY	2019	2020	CAGR, 2019-2020
United States	80.9	137	69.3%
Saudi Arabia	57.8	123	112.8%
Qatar	42.7	70.6	65.3%
South Korea	24.4	48.4	98.4%
Belgium	32.2	27.9	-13.4%
Thailand	21.5	24.8	15.3%
Spain	2.1	14.1	571.4%
United Arab Emirates	13.4	8.3	-38.1%
Others	19.9	43.7	119.6%
Total	295	497	68.5%

Top Suppliers of Polyethylene in Primary Forms to Nigeria in 2022:

United States (134.5K tons)
Saudi Arabia (122.4K tons)
Qatar (68.8K tons)
South Korea (46.2K tons)
Belgium (27.6K tons)
Thailand (23.5K tons)
Spain (13.1K tons)
United Arab Emirates (8.1K tons)

Exports of Polyethylene in Primary Forms in Nigeria

In 2022, exports of polyethylene in primary forms from Nigeria declined sharply to 2.6K tons, which is down by -87.6% compared with the previous year. Over the period under review, exports saw a significant decline. The pace of growth was the most pronounced in 2021 when exports increased by 1,566%.

In value terms, polyethylene in primary forms exports declined dramatically to $2.9M in 2022. In general, exports saw a dramatic curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 27,089%.

Export of Polyethylene in Primary Forms in Nigeria (Million USD)
COUNTRY	2019	2020	CAGR, 2019-2020
India	2.1	0.1	-95.2%
Netherlands	15.0	N/A	0%
China	8.6	N/A	0%
Others	0.7	N/A	0%
Total	26.5	0.1	-99.6%

Top Export Markets for Polyethylene in Primary Forms from Nigeria in 2022:

India (197.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for polyethylene in primary forms 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 20161035 - Linear polyethylene having a specific gravity < 0,94, in primary forms
Prodcom 20161039 - Polyethylene having a specific gravity < 0,94, in primary forms (excluding linear)
Prodcom 20161050 - Polyethylene having a specific gravity of . 0,94, in primary forms

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023