Report Nigeria - Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives - Market Analysis, Forecast, Size, Trends and Insights for 499$

Report Update Apr 1, 2024

Nigeria - Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Alcohols Market 2024

Alcohols Market Size in Nigeria

The Nigerien alcohols market declined rapidly to $X in 2020, dropping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a perceptible reduction. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2020, consumption failed to regain momentum.

Alcohols Exports

Exports from Nigeria

Alcohols exports from Nigeria fell dramatically to X tons in 2020, declining by X% compared with 2019. In general, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2020, the exports stood at a somewhat lower figure.

In value terms, alcohols exports fell remarkably to $X in 2020. Overall, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2020, the exports failed to regain momentum.

Exports by Country

South Africa (X tons) and Canada (X tons) were the main destinations of alcohols exports from Nigeria.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of X.7%).

In value terms, Canada ($X) emerged as the key foreign market for alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives exports from Nigeria, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports.

From 2012 to 2020, the average annual growth rate of value to Canada stood at X%.

Export Prices by Country

In 2020, the average alcohols export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price continues to indicate a noticeable decline. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2020, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to South Africa stood at $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Benin (X%), while the prices for the other major destinations experienced a decline.

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Alcohols Imports

Imports into Nigeria

After two years of growth, supplies from abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by X% to X tons in 2020. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

In value terms, alcohols imports dropped dramatically to $X in 2020. In general, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2020, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), South Africa (X tons) and South Korea (X tons) were the main suppliers of alcohols imports to Nigeria, together comprising X% of total imports. Brazil, Indonesia, China, India, Thailand and Malaysia lagged somewhat behind, together comprising a further X%.

From 2012 to 2020, the biggest increases were recorded for Brazil (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Africa ($X) and India ($X) were the largest alcohols suppliers to Nigeria, together accounting for X% of total imports. South Korea, the Netherlands, Indonesia, Brazil, Thailand and Malaysia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average alcohols import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price recorded a noticeable descent. The growth pace was the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the prices for the other major suppliers experienced mixed trend patterns.

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Frequently Asked Questions (FAQ) :

What are the largest markets for alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives in the world?

The country with the largest volume of alcohols consumption was China, accounting for 30% of total volume. Moreover, alcohols consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. India ranked third in terms of total consumption with an 8.3% share.

What are the largest producers of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives in the world?

The countries with the highest volumes of production in 2020 were Saudi Arabia, the United States and Trinidad and Tobago, with a combined 36% share of global production. Iran, Russia, Oman, India, Germany, Canada, Malaysia, Venezuela, Egypt and Indonesia lagged somewhat behind, together comprising a further 38%.

What are the leading suppliers of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives to Nigeria?

In value terms, the largest alcohols suppliers to Nigeria were China, South Africa and India, together accounting for 54% of total imports. South Korea, the Netherlands, Indonesia, Brazil, Thailand and Malaysia lagged somewhat behind, together accounting for a further 31%.

What are the leading importers of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives from Nigeria?

In value terms, Canada emerged as the key foreign market for alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives exports from Nigeria, comprising 69% of total exports. The second position in the ranking was held by South Africa, with a 31% share of total exports.

What is the average export price for alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives in Nigeria?

The average alcohols export price stood at $1,130 per ton in 2020, with a decrease of -31.4% against the previous year.

What is the average import price for alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives in Nigeria?

In 2020, the average alcohols import price amounted to $970 per ton, remaining constant against the previous year.

This report provides an in-depth analysis of the alcohols 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 20142210 - Methanol (methyl alcohol)
Prodcom 20142220 - Propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol)
Prodcom 20142230 - Butan-1-ol (n-butyl alcohol)
Prodcom 20142240 - Butanols (excluding butan-1-ol (n-butyl alcohol))
Prodcom 20142263 - Octanol (octyl alcohol) and isomers thereof
Prodcom 20142265 - Lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl)
Prodcom 20142270 - Unsaturated monohydric alcohols
Prodcom 20142310 - Ethylene glycol (ethanediol)
Prodcom 20142320 - Propylene glycol (propane-1,2-diol)
Prodcom 20142333 - D-glucitol (sorbitol)
Prodcom 20142339 - Diols and polyhydric alcohols (excluding ethylene glycol and propylene glycol, D-glucitol)
Prodcom 20142350 - Halogenated, sulphonated, nitrated or nitrosated derivatives of acyclic alcohols
Prodcom 20142360 - Glycerol (including synthetic, excluding crude, waters and lyes)
Prodcom 20142373 - Cyclanic, cyclenic or cycloterpenic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives
Prodcom 20142375 - Aromatic alcohols and their halogenated, sulphonated, n itrated or nitrosated derivatives

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023