Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Nigeria - 2023
Contents:
- Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Nigeria (FOB) - 2022
- Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Nigeria (CIF) - 2022
- Exports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Nigeria
- Imports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Nigeria
Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Nigeria (FOB) - 2022
In 2022, the average export price for propylene, other olefin polymers; polyisobutylene in primary formses amounted to $1,162 per ton, reducing by -2.1% against the previous year. In general, the export price, however, showed a temperate expansion. The growth pace was the most rapid in 2013 an increase of 172% against the previous year. As a result, the export price reached the peak level of $2,342 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($1,192 per ton), while the average price for exports to the United States stood at $256 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-9.1%).
Price for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Nigeria (CIF) - 2022
The average import price for propylene, other olefin polymers; polyisobutylene in primary formses stood at $3,531 per ton in 2022, increasing by 50% against the previous year. In general, the import price recorded a temperate expansion. The growth pace was the most rapid in 2013 when the average import price increased by 774% against the previous year. As a result, import price attained the peak level of $22,257 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($3,771 per ton), while the price for India ($3,414 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Nigeria
For the fourth consecutive year, Nigeria recorded growth in overseas shipments of propylene, other olefin polymers; polyisobutylene in primary formses, which increased by 14% to 1.7K tons in 2022. The total export volume increased at an average annual rate of +14.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of propylene, other olefin polymers; polyisobutylene in primary formses rose notably to $2M in 2022. The total export value increased at an average annual rate of +11.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 12% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.
| Export of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1,412 | 1,580 | 1,768 | 1,978 | 11.9% |
| United States | 14.8 | 14.6 | 14.3 | 14.1 | -1.6% |
| Others | 0.3 | N/A | N/A | N/A | 0% |
| Total | 1,427 | 1,595 | 1,782 | 1,992 | 11.8% |
Top Export Markets for Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms from Nigeria in 2022:
- Netherlands (1659.4 tons)
- United States (55.1 tons)
Imports of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Nigeria
In 2022, approx. 92 tons of propylene, other olefin polymers; polyisobutylene in primary formses were imported into Nigeria; with a decrease of -56% on the previous year. Overall, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 161%. As a result, imports attained the peak of 208 tons, and then fell rapidly in the following year.
In value terms, imports of propylene, other olefin polymers; polyisobutylene in primary formses dropped dramatically to $323K in 2022. In general, imports faced a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 137% against the previous year. As a result, imports reached the peak of $489K, and then shrank markedly in the following year.
| Import of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 25.0 | 34.2 | 31.0 | 250 | 115.4% |
| India | 124 | 8.8 | 24.3 | 55.0 | -23.7% |
| Germany | 21.3 | 11.5 | 16.3 | 18.2 | -5.1% |
| Spain | N/A | N/A | 43.2 | N/A | 0% |
| South Korea | 109 | 19.3 | 57.3 | N/A | -27.5% |
| Belgium | 26.0 | 18.7 | 35.4 | N/A | 16.7% |
| Egypt | 136 | 89.2 | 154 | N/A | 6.4% |
| Others | 37.7 | 25.1 | 128 | N/A | 84.3% |
| Total | 479 | 207 | 489 | 323 | -12.3% |
Top Suppliers of Propylene, Other Olefin Polymers; Polyisobutylene in Primary Forms to Nigeria in 2022:
- France (70.7 tons)
- India (16.1 tons)
- Germany (4.8 tons)
58
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 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.
935
This report provides an in-depth analysis of the global market for polypropylene in primary forms.
58
This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Nigeria.
705
This report provides an in-depth analysis of the market for polypropylene in primary forms in Nigeria.
44
This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
935
This report provides an in-depth analysis of the global market for polypropylene in primary forms.
116
Explore the top import markets for polyolefins other than polypropylene, including China, Germany, Italy, France, and more. Learn about key statistics and market insights.
268
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.
672
The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
116
Explore the top import markets for polyolefins other than polypropylene, including China, Germany, Italy, France, and more. Learn about key statistics and market insights.
268
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.
672
The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
