Report Update Apr 1, 2024

Nigeria - Amino-Resins, Phenolic Resins and Polyurethanes (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Nigeria: Amino-Resin Market 2024

Amino-Resin Market Size in Nigeria

In 2022, the Nigerien amino-resin market increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption continues to indicate a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Amino-Resin Exports

Exports from Nigeria

In 2022, after five years of growth, there was significant decline in shipments abroad of amino-resins, phenolic resins and polyurethanes (in primary forms), when their volume decreased by X% to X tons. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then declined notably in the following year.

In value terms, amino-resin exports fell remarkably to $X in 2022. Over the period under review, exports, however, showed significant growth. The smallest decline of X% was in 2021. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kenya (X tons) was the main destination for amino-resin exports from Nigeria, with a approx. X% share of total exports.

From 2015 to 2022, the average annual growth rate of volume to Kenya was relatively modest.

In value terms, Kenya ($X) emerged as the key foreign market for amino-resins, phenolic resins and polyurethanes (in primary forms) exports from Nigeria.

From 2015 to 2022, the average annual rate of growth in terms of value to Kenya was relatively modest.

Export Prices by Country

In 2022, the average amino-resin export price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price continues to indicate a significant increase. The pace of growth appeared the most rapid in 2021 a decrease of X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Kenya.

From 2015 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to X% per year.

Amino-Resin Imports

Imports into Nigeria

In 2022, supplies from abroad of amino-resins, phenolic resins and polyurethanes (in primary forms) increased by X% to X tons, rising for the sixth year in a row after two years of decline. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, amino-resin imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Oman (X tons) constituted the largest amino-resin supplier to Nigeria, accounting for a X% share of total imports. Moreover, amino-resin imports from Oman exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), fourfold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Oman totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and China (X% per year).

In value terms, Oman ($X) constituted the largest supplier of amino-resins, phenolic resins and polyurethanes (in primary forms) to Nigeria, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Oman stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average amino-resin import price amounted to $X per ton, waning by X% against the previous year. In general, the import price recorded a drastic downturn. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average 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 Italy ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for amino-resins, phenolic resins and polyurethanes (in primary forms) in the world?

The country with the largest volume of amino-resin consumption was the United States, accounting for 42% of total volume. Moreover, amino-resin consumption in the United States exceeded the figures recorded by the second-largest consumer, China, twofold. The third position in this ranking was taken by India, with a 7.7% share.

What are the largest producers of amino-resins, phenolic resins and polyurethanes (in primary forms) in the world?

The country with the largest volume of amino-resin production was the United States, comprising approx. 43% of total volume. Moreover, amino-resin production in the United States exceeded the figures recorded by the second-largest producer, China, twofold. The third position in this ranking was held by India, with a 7.3% share.

What are the leading suppliers of amino-resins, phenolic resins and polyurethanes (in primary forms) to Nigeria?

In value terms, Oman constituted the largest supplier of amino-resins, phenolic resins and polyurethanes in primary forms) to Nigeria, comprising 50% of total imports. The second position in the ranking was taken by Saudi Arabia, with a 13% share of total imports. It was followed by China, with a 6.9% share.

What are the leading importers of amino-resins, phenolic resins and polyurethanes (in primary forms) from Nigeria?

In value terms, Kenya emerged as the key foreign market for amino-resins, phenolic resins and polyurethanes in primary forms) exports from Nigeria.

What is the average export price for amino-resins, phenolic resins and polyurethanes (in primary forms) in Nigeria?

In 2022, the average amino-resin export price amounted to $252 per ton, almost unchanged from the previous year.

What is the average import price for amino-resins, phenolic resins and polyurethanes (in primary forms) in Nigeria?

The average amino-resin import price stood at $882 per ton in 2022, dropping by -26.7% against the previous year.

This report provides an in-depth analysis of the amino-resin 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 20165550 - Urea resins and thiourea resins, in primary forms
Prodcom 20165570 - Melamine resins, in primary forms
Prodcom 20165630 - Amino resins, in primary forms (excluding urea and thiourea resins, melamine resins)
Prodcom 20165650 - Phenolic resins, in primary forms
Prodcom 20165670 - Polyurethanes, in primary forms

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