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Nigeria - Carboxylic Acid With Alcohol, Phenol, Aldehyde Or Ketone Functions - Market Analysis, Forecast, Size, Trends And Insights
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Nigeria: Carboxylic Acid Market Overview 2021

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Carboxylic Acid Market Size in Nigeria

In 2020, after two years of decline, there was significant growth in the Nigerien carboxylic acid market, when its value increased by X% to $X. Overall, consumption showed measured growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. from 2014 to 2020, the growth of the market failed to regain the momentum.

Carboxylic Acid Exports

Exports from Nigeria

In 2020, the amount of carboxylic acid with alcohol, phenol, aldehyde or ketone functions exported from Nigeria soared to X tonnes, with an increase of X% on the previous year. Overall, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. As a result, exports reached the peak of X tonnes. from 2013 to 2020, the growth exports remained at a lower figure.

In value terms, carboxylic acid exports skyrocketed to $X in 2020. Over the period under review, exports, however, showed a deep setback. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. As a result, exports attained the peak of $X. from 2013 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Spain (X tonnes) was the main destination for carboxylic acid exports from Nigeria, with a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Spain was relatively modest.

From 2007 to 2020, the average annual growth rate of value to Spain was relatively modest.

Export Prices by Country

In 2020, the average carboxylic acid export price amounted to $X per tonne, waning by -X% against the previous year. Over the period under review, the export price continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2015 an increase of X% year-to-year. The export price peaked at $X per tonne in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

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

From 2007 to 2020, the rate of growth in terms of prices for Spain amounted to X% per year.

Carboxylic Acid Imports

Imports into Nigeria

In 2020, overseas purchases of carboxylic acid with alcohol, phenol, aldehyde or ketone functions increased by X% to X tonnes, rising for the second year in a row after two years of decline. In general, imports continue to indicate strong growth. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes. from 2014 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, carboxylic acid imports surged to $X in 2020. Overall, imports recorded a noticeable increase. The pace of growth appeared the most rapid in 2012 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tonnes), Ireland (X tonnes) and Spain (X tonnes) were the main suppliers of carboxylic acid imports to Nigeria, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Italy (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest carboxylic acid suppliers to Nigeria were China ($X), Italy ($X) and the U.S. ($X), together accounting for X% of total imports.

Italy (+X% per year) saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average carboxylic acid import price stood at $X per tonne in 2020, approximately reflecting the previous year. Over the period under review, the import price, however, saw a pronounced downturn. The growth pace was the most rapid in 2012 an increase of X% against the previous year. The import price peaked at $X per tonne in 2010; however, from 2011 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per tonne), while the price for the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, 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 carboxylic acid with alcohol, phenol, aldehyde or ketone functions in the world?
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The countries with the highest volumes of carboxylic acid consumption in 2020 were China (471K tonnes), India (262K tonnes) and the U.S. (250K tonnes), together comprising 42% of global consumption. France, Japan, Spain, Brazil, Mexico, Italy, Germany, South Korea, Canada and Thailand lagged somewhat behind, together comprising a further 33%.
What are the largest producers of carboxylic acid with alcohol, phenol, aldehyde or ketone functions in the world?
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China (907K tonnes) remains the largest carboxylic acid producing country worldwide, comprising approx. 39% of total volume. Moreover, carboxylic acid production in China exceeded the figures recorded by the second-largest producer, the U.S. (176K tonnes), fivefold. France (173K tonnes) ranked third in terms of total production with a 7.5% share.
What are the leading suppliers of carboxylic acid with alcohol, phenol, aldehyde or ketone functions to Nigeria?
+
In value terms, the largest carboxylic acid suppliers to Nigeria were China ($723K), Italy ($463K) and the U.S. ($389K), together comprising 46% of total imports.
What is the average export price for carboxylic acid with alcohol, phenol, aldehyde or ketone functions in Nigeria?
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The average carboxylic acid export price stood at $2,580 per tonne in 2020, reducing by -3.6% against the previous year.
What is the average import price for carboxylic acid with alcohol, phenol, aldehyde or ketone functions in Nigeria?
+
The average carboxylic acid import price stood at $2,062 per tonne in 2020, flattening at the previous year.

Product coverage:
• Prodcom 20143475 - Carboxylic acid with alcohol, phenol, aldehyde or ketone functions

This report provides an in-depth analysis of the carboxylic acid 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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