Price for Sulphonated, Nitrated or Nitrosated Derivatives of Hydrocarbons; Whether or Not Halogenated in Nigeria - 2022

Contents:

  1. Price for Sulphonated, Nitrated or Nitrosated Derivatives of Hydrocarbons; Whether or Not Halogenated in Nigeria (CIF) - 2022
  2. Price for Sulphonated, Nitrated or Nitrosated Derivatives of Hydrocarbons; Whether or Not Halogenated in Nigeria (FOB) - 2022
  3. Imports of Sulphonated, Nitrated or Nitrosated Derivatives of Hydrocarbons; Whether or Not Halogenated in Nigeria
  4. Exports of Sulphonated, Nitrated or Nitrosated Derivatives of Hydrocarbons; Whether or Not Halogenated in Nigeria

Price for Sulphonated, Nitrated or Nitrosated Derivatives of Hydrocarbons; Whether or Not Halogenated in Nigeria (CIF) - 2022

In 2022, the average import price for sulphonated, nitrated or nitrosated derivatives of hydrocarbons; whether or not halogenateds amounted to $1,141 per ton, increasing by 19% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2020 when the average import price increased by 42% against the previous year. Over the period under review, average import prices attained the maximum at $2,124 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($3,406 per ton), while the price for South Korea ($1,062 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.1%), while the prices for the other major suppliers experienced a decline.

Price for Sulphonated, Nitrated or Nitrosated Derivatives of Hydrocarbons; Whether or Not Halogenated in Nigeria (FOB) - 2022

In 2022, the average export price for sulphonated, nitrated or nitrosated derivatives of hydrocarbons; whether or not halogenateds amounted to $419 per ton, waning by -90.3% against the previous year. In general, the export price recorded a precipitous contraction. The most prominent rate of growth was recorded in 2017 an increase of 81%. The export price peaked at $6,000 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2015 to 2022, the rate of growth in terms of prices for China amounted to 0.0% per year.

Imports of Sulphonated, Nitrated or Nitrosated Derivatives of Hydrocarbons; Whether or Not Halogenated in Nigeria

In 2022, after two years of decline, there was growth in overseas purchases of sulphonated, nitrated or nitrosated derivatives of hydrocarbons; whether or not halogenateds, when their volume increased by 3.5% to 1.2K tons. In general, imports, however, faced a sharp descent.

In value terms, imports of sulphonated, nitrated or nitrosated derivatives of hydrocarbons; whether or not halogenateds surged to $1.4M in 2022. Over the period under review, imports, however, continue to indicate a precipitous contraction.

Import of Sulphonated, Nitrated or Nitrosated Derivatives of Hydrocarbons; Whether or Not Halogenated in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea2,2586558741,025-23.1%
Belgium55.79.76.620955.4%
United KingdomN/AN/AN/A86.00%
ItalyN/AN/AN/A24.80%
China8501,7902280.2-93.8%
Saudi Arabia521N/AN/AN/A0%
Others29691.25.828.2-54.3%
Total3,9812,5461,1141,374-29.9%

Top Suppliers of Sulphonated, Nitrated or Nitrosated Derivatives of Hydrocarbons; Whether or Not Halogenated to Nigeria in 2022:

  1. South Korea (965.3 tons)
  2. Belgium (182.6 tons)
  3. United Kingdom (25.3 tons)
  4. Italy (20.3 tons)
  5. China (0.1 tons)

Exports of Sulphonated, Nitrated or Nitrosated Derivatives of Hydrocarbons; Whether or Not Halogenated in Nigeria

In 2022, the amount of sulphonated, nitrated or nitrosated derivatives of hydrocarbons; whether or not halogenateds exported from Nigeria soared to 111 tons, with an increase of 3,689,567% compared with the previous year. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of sulphonated, nitrated or nitrosated derivatives of hydrocarbons; whether or not halogenateds skyrocketed to $46K in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Sulphonated, Nitrated or Nitrosated Derivatives of Hydrocarbons; Whether or Not Halogenated in Nigeria (Thousand USD)
COUNTRY20212022CAGR,
2021-2022
ChinaN/A46.40%
OthersN/AN/A0%
TotalN/A46.40%

Top Export Markets for Sulphonated, Nitrated or Nitrosated Derivatives of Hydrocarbons; Whether or Not Halogenated from Nigeria in 2022:

  1. China (110.7 tons)

Source: IndexBox Market Intelligence Platform

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