Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Nigeria - 2022
Contents:
- Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Nigeria (CIF) - 2022
- Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Nigeria (FOB) - 2022
- Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Nigeria
- Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Nigeria
Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Nigeria (CIF) - 2022
The average import price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $1,757 per ton in 2022, with an increase of 12% against the previous year. In general, the import price, however, continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 20%. The import price peaked at $2,823 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Thailand ($1,894 per ton) and the United Arab Emirates ($1,787 per ton), while the price for the United States ($1,381 per ton) and China ($1,479 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.6%), while the prices for the other major suppliers experienced a decline.
Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Nigeria (FOB) - 2022
The average export price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $1,015 per ton in 2022, falling by -37.6% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 153% against the previous year. Over the period under review, the average export prices hit record highs at $3,945 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
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 Burkina Faso amounted to +5.3% per year.
Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Nigeria
In 2022, purchases abroad of propylene, other olefin polymers; propylene copolymers in primary formses decreased by -15.1% to 75K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2020 when imports increased by 42% against the previous year. As a result, imports attained the peak of 113K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of propylene, other olefin polymers; propylene copolymers in primary formses dropped modestly to $132M in 2022. The total import value increased at an average annual rate of +10.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 53%. As a result, imports attained the peak of $148M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 47.9 | 73.8 | 65.7 | 77.2 | 17.2% |
| Saudi Arabia | 24.3 | 37.3 | 25.6 | 17.9 | -9.7% |
| Thailand | 8.6 | 10.8 | 19.3 | 17.2 | 26.0% |
| China | 0.4 | 0.1 | 0.5 | 3.6 | 108.0% |
| United Arab Emirates | 0.9 | 1.8 | 3.6 | 3.5 | 57.3% |
| India | 4.6 | 11.8 | 9.5 | 2.8 | -15.3% |
| Indonesia | 1.2 | 3.4 | 2.4 | 2.1 | 20.5% |
| Others | 9.1 | 9.1 | 11.5 | 7.5 | -6.2% |
| Total | 97.0 | 148 | 138 | 132 | 10.8% |
Top Suppliers of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms to Nigeria in 2022:
- South Korea (43.3K tons)
- Saudi Arabia (11.2K tons)
- Thailand (9.1K tons)
- China (2.4K tons)
- United Arab Emirates (1.9K tons)
- India (1.7K tons)
- Indonesia (1.4K tons)
Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Nigeria
For the third year in a row, Nigeria recorded growth in shipments abroad of propylene, other olefin polymers; propylene copolymers in primary formses, which increased by 70% to 851 tons in 2022. In general, exports recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 131% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of propylene, other olefin polymers; propylene copolymers in primary formses expanded rapidly to $864K in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 486%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Morocco | N/A | N/A | 864 | 0% | |
| China | 138 | 15.8 | N/A | -88.6% | |
| United States | N/A | 797 | N/A | 0% | |
| Others | 0.1 | N/A | 0.4 | 100.0% | |
| Total | 139 | 812 | 864 | 149.3% | |
Top Export Markets for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms from Nigeria in 2022:
- Morocco (851.1 tons)
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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 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.
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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 market for polyolefins other than polypropylene in Nigeria.
701
This report provides an in-depth analysis of the market for polypropylene in primary forms in Nigeria.
42
This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
932
This report provides an in-depth analysis of the global market for polypropylene in primary forms.
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Explore the top import markets for polyolefins other than polypropylene, including China, Germany, Italy, France, and more. Learn about key statistics and market insights.
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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 ...
115
Explore the top import markets for polyolefins other than polypropylene, including China, Germany, Italy, France, and more. Learn about key statistics and market insights.
267
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.
671
The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
