Nigeria - Polyolefins other than Polypropylene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Polyolefins Other than Polypropylene in Nigeria - 2022
Contents:
- Price for Polyolefins Other than Polypropylene in Nigeria (CIF) - 2022
- Price for Polyolefins Other than Polypropylene in Nigeria (FOB) - 2022
- Imports of Polyolefins Other than Polypropylene in Nigeria
- Exports of Polyolefins Other than Polypropylene in Nigeria
Price for Polyolefins Other than Polypropylene in Nigeria (CIF) - 2022
The average polyolefins other than polypropylene import price stood at $1,716 per ton in 2022, increasing by 14% against the previous year. In general, the import price, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2021 an increase of 21%. The import price peaked at $2,795 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($1,901 per ton), while the price for Democratic People's Republic of Korea ($1,196 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.7%), while the prices for the other major suppliers experienced a decline.
Price for Polyolefins Other than Polypropylene in Nigeria (FOB) - 2022
In 2022, the average polyolefins other than polypropylene export price amounted to $1,012 per ton, waning by -37.3% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 152%. As a result, the export price attained the peak level of $1,612 per ton, and then declined rapidly in the following year.
As there is only one major export destination, the average price level is determined by prices for Morocco.
From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to +9.6% per year.
Imports of Polyolefins Other than Polypropylene in Nigeria
In 2022, supplies from abroad of polyolefins other than polypropylene decreased by -18.7% to 84K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 39% against the previous year. As a result, imports reached the peak of 127K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, polyolefins other than polypropylene imports fell to $144M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.5% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 54%. As a result, imports reached the peak of $159M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Polyolefins Other than Polypropylene in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 50.7 | 75.5 | 67.7 | 77.3 | 15.1% |
| Thailand | 8.7 | 10.8 | 20.6 | 19.2 | 30.2% |
| Saudi Arabia | 25.9 | 40.6 | 32.8 | 18.4 | -10.8% |
| China | 1.1 | 2.7 | 2.1 | 6.8 | 83.5% |
| United Arab Emirates | 0.7 | 2.6 | 3.0 | 3.6 | 72.6% |
| India | 5.6 | 13.1 | 10.9 | 3.6 | -13.7% |
| United States | 3.8 | 1.3 | 0.9 | 3.0 | -7.6% |
| Belgium | 2.3 | 5.2 | 3.4 | 2.4 | 1.4% |
| Democratic People's Republic of Korea | 0.5 | 1.1 | 1.4 | 2.4 | 68.7% |
| Others | 4.5 | 6.3 | 13.1 | 7.3 | 17.5% |
| Total | 104 | 159 | 156 | 144 | 11.5% |
Top Suppliers of Polyolefins Other than Polypropylene to Nigeria in 2022:
- South Korea (43.4K tons)
- Saudi Arabia (11.6K tons)
- Thailand (10.1K tons)
- China (5.4K tons)
- India (2.5K tons)
- United Arab Emirates (2.1K tons)
- Democratic People's Republic of Korea (2.0K tons)
- United States (1.7K tons)
- Belgium (0.8K tons)
Exports of Polyolefins Other than Polypropylene in Nigeria
For the fourth year in a row, Nigeria recorded growth in overseas shipments of polyolefins other than polypropylene, which increased by 70% to 859 tons in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 11,134% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, polyolefins other than polypropylene exports rose sharply to $869K in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 5,622% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Polyolefins Other than Polypropylene in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | N/A | N/A | N/A | 864 | 0% |
| China | N/A | 138 | 15.8 | N/A | -88.6% |
| United States | N/A | N/A | 797 | N/A | 0% |
| Others | 2.5 | 7.0 | 3.7 | 5.0 | 26.0% |
| Total | 2.5 | 146 | 816 | 869 | 603.1% |
Top Export Markets for Polyolefins Other than Polypropylene from Nigeria in 2022:
- Morocco (855.5 tons)
This report provides an in-depth analysis of the market for polyolefins other than polypropylene 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 20165150 - Polymers of propylene or of other olefins, in primary forms (excluding polypropylene)
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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This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Nigeria.
691
This report provides an in-depth analysis of the market for polypropylene in primary forms in Nigeria.
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This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
928
This report provides an in-depth analysis of the global market for polypropylene in primary forms.
53
This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Nigeria.
691
This report provides an in-depth analysis of the market for polypropylene in primary forms in Nigeria.
41
This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
928
This report provides an in-depth analysis of the global market for polypropylene in primary forms.
114
Explore the top import markets for polyolefins other than polypropylene, including China, Germany, Italy, France, and more. Learn about key statistics and market insights.
264
Polypropylene is a versatile thermoplastic polymer with excellent chemical resistance, low density, and high tensile strength. The global demand for polypropylene in primary forms has been steadily growing. China is the leading importer with an import value of $3.6 billion in 2022, driven by rapid industrialization and economic growth. Turkey follows closely as the second-largest import market with an import value of $2.9 billion, supported by a thriving plastics industry. Germany and Italy are prominent import giants in Europe, with import values of $1.7 billion each, driven by advanced manufacturing capabilities. Mexico is a significant importer with an import value of $1.3 billion, fueled by the expanding automotive sector. India showcases strong demand with an import value of $1.3 billion, driven by population growth and urbanization. Vietnam, Indonesia, Belgium, and Poland are emerging players in the import market. Market intelligence platforms like IndexBox provide comprehensive data and insights for informed decision-making.
666
The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
114
Explore the top import markets for polyolefins other than polypropylene, including China, Germany, Italy, France, and more. Learn about key statistics and market insights.
264
Polypropylene is a versatile thermoplastic polymer with excellent chemical resistance, low density, and high tensile strength. The global demand for polypropylene in primary forms has been steadily growing. China is the leading importer with an import value of $3.6 billion in 2022, driven by rapid industrialization and economic growth. Turkey follows closely as the second-largest import market with an import value of $2.9 billion, supported by a thriving plastics industry. Germany and Italy are prominent import giants in Europe, with import values of $1.7 billion each, driven by advanced manufacturing capabilities. Mexico is a significant importer with an import value of $1.3 billion, fueled by the expanding automotive sector. India showcases strong demand with an import value of $1.3 billion, driven by population growth and urbanization. Vietnam, Indonesia, Belgium, and Poland are emerging players in the import market. Market intelligence platforms like IndexBox provide comprehensive data and insights for informed decision-making.
666
The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
