Nigeria: Market for Organic Surface Active Agents 2024

Market Size for Organic Surface Active Agents in Nigeria

The Nigerien organic surface active agent market reduced to $X in 2022, 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 abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Organic Surface Active Agents

Exports from Nigeria

In 2022, shipments abroad of organic surface active agents increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a mild contraction. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, organic surface active agent exports rose significantly to $X in 2022. Over the period under review, exports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X tons) was the main destination for organic surface active agent exports from Nigeria, accounting for a X% share of total exports. Moreover, organic surface active agent exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Ghana (X tons), more than tenfold. The third position in this ranking was held by Cameroon (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cote d'Ivoire stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (X% per year) and Cameroon (X% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for organic surface active agents exports from Nigeria, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports. It was followed by Cameroon, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Cote d'Ivoire totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (X% per year) and Cameroon (X% per year).

Export Prices by Country

In 2022, the average organic surface active agent export price amounted to $X per ton, falling by X% against the previous year. In general, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, 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 Ghana ($X per ton), while the average price for exports to Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (X%), while the prices for the other major destinations experienced a decline.

Imports of Organic Surface Active Agents

Imports into Nigeria

Organic surface active agent imports into Nigeria fell slightly to X tons in 2022, remaining constant against 2021 figures. Overall, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, organic surface active agent imports shrank slightly to $X in 2022. Over the period under review, imports saw a deep contraction. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia (X tons), China (X tons) and India (X tons) were the main suppliers of organic surface active agent imports to Nigeria, with a combined X% share of total imports. Germany, Indonesia, the United States, the UK, Italy, Greece, the United Arab Emirates, Egypt, South Korea and Malaysia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), China ($X) and India ($X) constituted the largest organic surface active agent suppliers to Nigeria, with a combined X% share of total imports. Germany, the UK, the United States, Italy, Indonesia, the United Arab Emirates, South Korea, Egypt, Greece and Malaysia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Egypt, with a CAGR of X%, saw 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

The average organic surface active agent import price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the import price showed a noticeable decrease. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 the UK ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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