Nigeria - Polypropylene In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Polypropylene in Primary Forms in Nigeria - 2022
Contents:
- Price for Polypropylene in Primary Forms in Nigeria (CIF) - 2022
- Price for Polypropylene in Primary Forms in Nigeria (FOB) - 2022
- Imports of Polypropylene in Primary Forms in Nigeria
- Exports of Polypropylene in Primary Forms in Nigeria
Price for Polypropylene in Primary Forms in Nigeria (CIF) - 2022
The average polypropylene in primary forms import price stood at $1,836 per ton in June 2022, rising by 7.9% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2021 when the average import price increased by 38% against the previous month. The import price peaked at $2,700 per ton in September 2021; however, from October 2021 to June 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($2,307 per ton), while the price for India ($1,383 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 China (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Polypropylene in Primary Forms in Nigeria (FOB) - 2022
In 2022, the average polypropylene in primary forms export price amounted to $876 per ton, reducing by -24.9% against the previous year. In general, the export price faced a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of 68% against the previous year. Over the period under review, the average export prices reached the maximum at $2,668 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,798 per ton), while the average price for exports to Angola ($622 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.7%), while the prices for the other major destinations experienced a decline.
Imports of Polypropylene in Primary Forms in Nigeria
For the fourth consecutive year, Nigeria recorded growth in supplies from abroad of polypropylene in primary forms, which increased by 3.9% to 256K tons in 2022. The total import volume increased at an average annual rate of +7.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 17%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, polypropylene in primary forms imports rose significantly to $408M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +23.2% 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 +86.8% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 59% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.
| Import of Polypropylene in Primary Forms in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 71.6 | 102 | 120 | 143 | 25.9% |
| South Africa | 97.3 | 153 | 118 | 100 | 0.9% |
| South Korea | 22.0 | 38.0 | 50.8 | 98.6 | 64.9% |
| China | 1.1 | 2.1 | 21.5 | 23.9 | 179.0% |
| India | 8.8 | 17.7 | 22.5 | 13.3 | 14.8% |
| Singapore | 2.2 | 5.8 | 11.7 | 10.0 | 65.7% |
| Brazil | 5.4 | 11.9 | 3.1 | 1.7 | -32.0% |
| Others | 10.2 | 18.0 | 37.7 | 17.3 | 19.3% |
| Total | 219 | 348 | 385 | 408 | 23.0% |
Top Suppliers of Polypropylene in Primary Forms to Nigeria in 2022:
- Saudi Arabia (95.2K tons)
- South Africa (65.1K tons)
- South Korea (58.0K tons)
- China (14.7K tons)
- India (7.9K tons)
- Singapore (4.8K tons)
- Brazil (1.0K tons)
Exports of Polypropylene in Primary Forms in Nigeria
In 2022, the amount of polypropylene in primary forms exported from Nigeria skyrocketed to 1.4K tons, picking up by 30% on 2021. Over the period under review, exports, however, recorded a precipitous contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 175%.
In value terms, polypropylene in primary forms exports reduced modestly to $1.3M in 2022. In general, exports, however, recorded a sharp curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 164% against the previous year.
| Export of Polypropylene in Primary Forms in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | 0.4 | 0.2 | 0.6 | 0.9 | 31.0% |
| United States | N/A | 0.1 | 0.7 | 0.3 | 73.2% |
| Angola | N/A | N/A | N/A | N/A | 0% |
| Brazil | 8.0 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.2 | N/A | N/A | 0.0% |
| Total | 8.5 | 0.5 | 1.3 | 1.3 | -46.5% |
Top Export Markets for Polypropylene in Primary Forms from Nigeria in 2022:
- Morocco (1242.6 tons)
- United States (180.0 tons)
- Angola (23.0 tons)
This report provides an in-depth analysis of the market for polypropylene 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 20165130 - Polypropylene, 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.
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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
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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 polypropylene in primary forms in Nigeria.
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This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Nigeria.
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This report provides an in-depth analysis of the global market for polypropylene in primary forms.
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This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
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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 market for polyolefins other than polypropylene in Nigeria.
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This report provides an in-depth analysis of the global market for polypropylene in primary forms.
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This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
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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.
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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.
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The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
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