Nigeria - Toluene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingToluene Price in Nigeria - 2022
Contents:
- Toluene Price in Nigeria (CIF) - 2022
- Toluene Price in Nigeria (FOB) - 2022
- Toluene Imports in Nigeria
- Toluene Exports in Nigeria
Toluene Price in Nigeria (CIF) - 2022
The average toluene import price stood at $1,447 per ton in June 2022, jumping by 17% against the previous month. Over the period from June 2021 to June 2022, it increased at an average monthly rate of +6.0%. The growth pace was the most rapid in July 2021 an increase of 45% month-to-month. Over the period under review, average import prices reached the peak figure in June 2022.
There were significant differences in the average prices amongst the major supplying countries. In June 2022, the country with the highest price was Hong Kong SAR ($2,967 per ton), while the price for Germany ($1,348 per ton) was amongst the lowest.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by South Korea (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Toluene Price in Nigeria (FOB) - 2022
In 2022, the average toluene export price amounted to $1,308 per ton, falling by -5.2% against the previous year. In general, the export price saw a abrupt decrease. The export price peaked at $1,380 per ton in 2021, and then reduced in the following year.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2021 to 2022, the rate of growth in terms of prices for Niger amounted to 0.0% per year.
Toluene Imports in Nigeria
In 2022, the amount of toluene imported into Nigeria surged to 31K tons, rising by 84% compared with the previous year's figure. In general, imports showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 105%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, toluene imports surged to $26M in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 89% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Toluene in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 3.5 | 10.6 | 1.4 | 5.8 | 18.3% |
| Germany | 0.8 | 1.1 | 4.5 | 5.1 | 85.4% |
| Barbados | 2.2 | 3.0 | 3.3 | 4.2 | 24.1% |
| Netherlands | 0.4 | 0.2 | 0.3 | 3.1 | 97.9% |
| Taiwan (Chinese) | 0.5 | 1.2 | 2.4 | 2.7 | 75.4% |
| United Arab Emirates | 0.9 | 1.6 | 0.4 | 1.1 | 6.9% |
| India | 0.2 | 0.3 | 0.6 | 0.7 | 51.8% |
| Others | 2.4 | 2.8 | 2.8 | 3.1 | 8.9% |
| Total | 11.0 | 20.7 | 15.8 | 25.9 | 33.0% |
Top Suppliers of Toluene to Nigeria in 2022:
- South Korea (9.7K tons)
- Barbados (5.5K tons)
- Germany (4.5K tons)
- Netherlands (3.6K tons)
- Taiwan (Chinese) (2.4K tons)
- United Arab Emirates (1.2K tons)
- India (1.1K tons)
Toluene Exports in Nigeria
In 2022, approx. 159 kg of toluene were exported from Nigeria; growing by 59% on the previous year's figure. Over the period under review, total exports indicated a significant increase from 2021 to 2022: its volume increased at an average annual rate of +59.0% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, toluene exports surged to $208 in 2022. In general, total exports indicated a significant increase from 2021 to 2022: its value increased at an average annual rate of +50.7% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Toluene in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Niger | N/A | 208 | 0% | ||
| Benin | 138 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 138 | 208 | 50.7% | ||
Top Export Markets for Toluene from Nigeria in 2022:
- Niger (159.0 kg)
This report provides an in-depth analysis of the toluene 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 20141225 - Toluene
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
-
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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