Nigeria - Resinoids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingResinoids Price in Nigeria - 2022
Contents:
- Resinoids Price in Nigeria (CIF) - 2022
- Resinoids Price in Nigeria (FOB) - 2022
- Resinoids Imports in Nigeria
- Resinoids Exports in Nigeria
Resinoids Price in Nigeria (CIF) - 2022
In 2022, the average resinoids import price amounted to $3,960 per ton, dropping by -4.2% against the previous year. In general, the import price saw a slight shrinkage. The pace of growth appeared the most rapid in 2015 when the average import price increased by 508% against the previous year. As a result, import price reached the peak level of $14,928 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
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 the United States ($33,838 per ton), while the price for Spain ($1,421 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Resinoids Price in Nigeria (FOB) - 2022
The average resinoids export price stood at $17,108 per ton in 2022, with an increase of 9.6% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt slump. The growth pace was the most rapid in 2016 an increase of 108% against the previous year. The export price peaked at $55,000 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($250,500 per ton), while the average price for exports to Ghana amounted to $10,900 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (-14.5%).
Resinoids Imports in Nigeria
In 2022, imports of resinoids into Nigeria expanded rapidly to 112 tons, growing by 7.7% compared with 2021 figures. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 71% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.
In value terms, resinoids imports rose to $445K in 2022. Over the period under review, imports, however, saw a perceptible decline.
Import of Resinoids in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 11.1 | 87.9 | 118 | 273 | 190.8% |
United States | 45.8 | 56.8 | 133 | 107 | 32.7% |
South Africa | 8.7 | 27.2 | 31.9 | 25.6 | 43.3% |
United Kingdom | 119 | 6.7 | 23.2 | 22.1 | -42.9% |
India | 209 | 270 | 123 | 12.7 | -60.7% |
Spain | 0.8 | 2.5 | 3.0 | 2.4 | 44.2% |
Others | 122 | 7.3 | 0.3 | 2.4 | -73.0% |
Total | 516 | 459 | 432 | 445 | -4.8% |
Top Suppliers of Resinoids to Nigeria in 2022:
- China (87.4 tons)
- South Africa (18.0 tons)
- United States (3.2 tons)
- Spain (1.7 tons)
- India (1.3 tons)
- United Kingdom (0.6 tons)
Resinoids Exports in Nigeria
In 2022, after two years of decline, there was significant growth in shipments abroad of resinoids, when their volume increased by 37% to 74 kg. Overall, exports, however, recorded a significant decrease.
In value terms, resinoids exports soared to $1.3K in 2022. Over the period under review, exports, however, faced a drastic downturn.
Export of Resinoids in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ghana | 2.3 | 1.7 | 0.7 | 0.8 | -29.7% |
Netherlands | N/A | N/A | N/A | 0.5 | 0% |
Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
Total | 2.4 | 1.7 | 0.8 | 1.3 | -18.5% |
Top Export Markets for Resinoids from Nigeria in 2022:
- Ghana (70.0 kg)
- Netherlands (2.0 kg)
This report provides an in-depth analysis of the resinoids market 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 20531030 - Resinoids
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
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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
This report provides an in-depth analysis of the resinoids market in Nigeria.
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This report provides an in-depth analysis of the global essential oils market.
This report provides an in-depth analysis of the resinoids market in Nigeria.
This report provides an in-depth analysis of the essential oils market in Nigeria.
This report provides an in-depth analysis of the global resinoids market.
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