Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in Nigeria - 2022
Contents:
- Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in Nigeria (CIF) - 2022
- Imports of Polyphenols; Hydroquinone (Quinol) and Its Salts in Nigeria
Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in Nigeria (CIF) - 2022
In 2022, the average import price for polyphenols; hydroquinone (quinol) and its saltses amounted to $5,101 per ton, with an increase of 20% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 44%. As a result, import price attained the peak level of $6,965 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($15,386 per ton), while the price for Germany ($2,798 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+16.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Polyphenols; Hydroquinone (Quinol) and Its Salts in Nigeria
In 2022, after three years of growth, there was significant decline in supplies from abroad of polyphenols; hydroquinone (quinol) and its saltses, when their volume decreased by -55.9% to 47 tons. In general, imports continue to indicate a deep setback. The growth pace was the most rapid in 2021 when imports increased by 54% against the previous year. As a result, imports attained the peak of 107 tons, and then shrank significantly in the following year.
In value terms, imports of polyphenols; hydroquinone (quinol) and its saltses reduced remarkably to $242K in 2022. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. As a result, imports reached the peak of $458K, and then dropped dramatically in the following year.
| Import of Polyphenols; Hydroquinone (Quinol) and Its Salts in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 160 | 76.5 | 107 | 113 | -10.9% |
| France | 115 | 122 | 211 | 76.7 | -12.6% |
| Indonesia | N/A | N/A | N/A | 35.2 | 0% |
| India | 41.6 | 93.5 | 101 | 12.9 | -32.3% |
| Germany | N/A | 13.1 | 3.6 | 4.2 | -43.4% |
| China | 7.8 | N/A | 33.4 | N/A | 106.9% |
| Others | 1.5 | 0.4 | 1.4 | N/A | -3.4% |
| Total | 326 | 306 | 458 | 242 | -9.5% |
Top Suppliers of Polyphenols; Hydroquinone (Quinol) and Its Salts to Nigeria in 2022:
- Belgium (25.0 tons)
- France (16.5 tons)
- Indonesia (2.3 tons)
- India (2.1 tons)
- Germany (1.5 tons)
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