Price for Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in Nigeria - 2022

Contents:

  1. Price for Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in Nigeria (CIF) - 2022
  2. Imports of Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in Nigeria

Price for Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in Nigeria (CIF) - 2022

In 2022, the average import price for vinyl acetate copolymers; (other than in aqueous dispersion), in primary formses amounted to $2,746 per ton, growing by 63% against the previous year. Overall, the import price, however, recorded a pronounced setback. The import price peaked at $3,390 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 India ($3,843 per ton), while the price for China ($2,192 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in Nigeria

In 2022, overseas purchases of vinyl acetate copolymers; (other than in aqueous dispersion), in primary formses decreased by -39.9% to 174 tons, falling for the second year in a row after two years of growth. Overall, imports, however, posted a moderate expansion. The pace of growth was the most pronounced in 2020 with an increase of 381%. As a result, imports attained the peak of 785 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of vinyl acetate copolymers; (other than in aqueous dispersion), in primary formses declined to $478K in 2022. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 574%. As a result, imports reached the peak of $1.7M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany2141,66417835318.2%
China39.161.027778.726.3%
IndiaN/AN/A28.746.662.4%
Others6.623.35.90.2-68.8%
Total2591,74848947822.7%

Top Suppliers of Vinyl Acetate Copolymers; (Other than in Aqueous Dispersion), in Primary Forms to Nigeria in 2022:

  1. Germany (126.2 tons)
  2. China (35.9 tons)
  3. India (12.1 tons)

Source: IndexBox Market Intelligence Platform

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