Nigeria - Other Synthetic Organic Colouring Matters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Synthetic Organic Colouring Matters in Nigeria - 2022
Contents:
- Price for Synthetic Organic Colouring Matters in Nigeria (CIF) - 2022
- Price for Synthetic Organic Colouring Matters in Nigeria (FOB) - 2022
- Imports of Synthetic Organic Colouring Matters in Nigeria
- Exports of Synthetic Organic Colouring Matters in Nigeria
Price for Synthetic Organic Colouring Matters in Nigeria (CIF) - 2022
In 2022, the average synthetic organic colouring matters import price amounted to $5,665 per ton, growing by 13% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, synthetic organic colouring matters import price increased by +25.7% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 45%. The import price peaked at $7,590 per ton in 2017; however, from 2018 to 2022, import prices remained at a 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 Swaziland ($18,780 per ton), while the price for Singapore ($704 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Synthetic Organic Colouring Matters in Nigeria (FOB) - 2022
The average synthetic organic colouring matters export price stood at $1,684 per ton in 2022, surging by 14% against the previous year. In general, the export price, however, continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2015 an increase of 47% against the previous year. Over the period under review, the average export prices reached the maximum at $3,150 per ton in 2012; however, from 2013 to 2022, the export prices remained at a 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 India ($12,747 per ton), while the average price for exports to Ghana stood at $1,261 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+1.9%).
Imports of Synthetic Organic Colouring Matters in Nigeria
In 2022, purchases abroad of other synthetic organic colouring matters decreased by -26% to 4.2K tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a slight setback. The most prominent rate of growth was recorded in 2020 with an increase of 33% against the previous year. As a result, imports reached the peak of 5.9K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, synthetic organic colouring matters imports declined significantly to $24M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +5.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -25.5% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 59%. As a result, imports reached the peak of $32M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Synthetic Organic Colouring Matters in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 8.3 | 14.7 | 11.8 | 9.5 | 4.6% |
| China | 2.3 | 3.9 | 3.6 | 3.5 | 15.0% |
| Cote d'Ivoire | 1.2 | 1.6 | 1.8 | 2.0 | 18.6% |
| Swaziland | 0.5 | 2.1 | 1.4 | 1.4 | 40.9% |
| South Africa | 0.4 | 0.9 | 0.7 | 0.6 | 14.5% |
| United Kingdom | 0.5 | 0.8 | 0.9 | 0.6 | 6.3% |
| Greece | 0.1 | 0.3 | 0.4 | 0.4 | 58.7% |
| South Korea | 0.2 | 0.5 | 0.3 | 0.4 | 26.0% |
| United States | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Ireland | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Singapore | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 6.3 | 6.8 | 7.3 | 4.9 | -8.0% |
| Total | 20.1 | 32.1 | 28.6 | 23.9 | 5.9% |
Top Suppliers of Synthetic Organic Colouring Matters to Nigeria in 2022:
- India (1416.1 tons)
- China (738.1 tons)
- Cote d'Ivoire (710.6 tons)
- Singapore (161.6 tons)
- Ireland (140.9 tons)
- South Korea (99.1 tons)
- Greece (78.7 tons)
- South Africa (78.4 tons)
- United States (77.7 tons)
- Swaziland (76.3 tons)
- United Kingdom (64.0 tons)
Exports of Synthetic Organic Colouring Matters in Nigeria
For the third consecutive year, Nigeria recorded decline in overseas shipments of other synthetic organic colouring matters, which decreased by -3.2% to 775 tons in 2022. Over the period under review, exports showed a perceptible decline. The smallest decline of -2.2% was in 2021.
In value terms, synthetic organic colouring matters exports expanded sharply to $1.3M in 2022. The total export value increased at an average annual rate of +8.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 11%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Synthetic Organic Colouring Matters in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 881 | 886 | 927 | 932 | 1.9% |
| India | 66.2 | 96.2 | 146 | 305 | 66.4% |
| Others | 79.5 | 84.2 | 109 | 69.0 | -4.6% |
| Total | 1,027 | 1,066 | 1,181 | 1,306 | 8.3% |
Top Export Markets for Synthetic Organic Colouring Matters from Nigeria in 2022:
- Ghana (739.3 tons)
- India (23.9 tons)
This report provides an in-depth analysis of the market for synthetic organic colouring matters 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 20122150 - Other synthetic organic colouring matters
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
-
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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