Price for Poly(Lactic Acid); in Primary Forms in Nigeria - 2022
Contents:
- Price for Poly(Lactic Acid); in Primary Forms in Nigeria (CIF) - 2022
- Imports of Poly(Lactic Acid); in Primary Forms in Nigeria
Price for Poly(Lactic Acid); in Primary Forms in Nigeria (CIF) - 2022
In 2022, the average import price for poly(lactic acid); in primary formses amounted to $3,068 per ton, dropping by -4% against the previous year. In general, the import price, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of 130%. Over the period under review, average import prices hit record highs at $5,266 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for South Africa.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +51.8% per year.
Imports of Poly(Lactic Acid); in Primary Forms in Nigeria
In 2022, overseas purchases of poly(lactic acid); in primary formses decreased by -72.7% to 16 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a significant contraction. The pace of growth was the most pronounced in 2020 when imports increased by 370% against the previous year. As a result, imports attained the peak of 234 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, poly(lactic acid); in primary forms imports dropped markedly to $49K in 2022. Overall, imports faced a sharp descent. The growth pace was the most rapid in 2020 when imports increased by 65%. As a result, imports reached the peak of $325K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Poly(Lactic Acid); in Primary Forms in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | N/A | N/A | N/A | 49.0 | 0% |
| Ireland | 114 | N/A | N/A | N/A | 0% |
| China | 21.7 | 7.2 | 21.0 | N/A | -1.6% |
| India | 58.0 | 33.4 | 166 | N/A | 69.2% |
| United Arab Emirates | N/A | 285 | N/A | N/A | 0% |
| Others | 3.4 | N/A | N/A | N/A | 0% |
| Total | 197 | 325 | 187 | 49.0 | -37.1% |
Top Suppliers of Poly(Lactic Acid); in Primary Forms to Nigeria in 2022:
- South Africa (16.0 tons)
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