Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Nigeria - 2022
Contents:
- Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Nigeria (CIF) - 2022
- Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Nigeria
Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Nigeria (CIF) - 2022
The average import price for alcohols; aromatic and derivatives, other than benzyl alcohol stood at $3,586 per ton in 2022, growing by 4% against the previous year. Overall, the import price, however, saw a perceptible decline. The pace of growth was the most pronounced in 2019 when the average import price increased by 38%. The import price peaked at $4,951 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($3,771 per ton), while the price for the UK amounted to $650 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Nigeria
Imports of alcohols; aromatic and derivatives, other than benzyl alcohol into Nigeria declined notably to 45 tons in 2022, waning by -28.1% compared with the year before. In general, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 176%.
In value terms, imports of alcohols; aromatic and derivatives, other than benzyl alcohol fell dramatically to $161K in 2022. Overall, imports showed a precipitous decline. The growth pace was the most rapid in 2021 when imports increased by 102% against the previous year.
| Import of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 305 | 101 | 215 | 159 | -19.5% |
| United Kingdom | 9.6 | 0.4 | N/A | 1.7 | -43.8% |
| Others | 9.8 | 4.9 | 0.5 | N/A | -77.4% |
| Total | 324 | 107 | 216 | 161 | -20.8% |
Top Suppliers of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol to Nigeria in 2022:
- China (42.3 tons)
- United Kingdom (2.7 tons)
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This report provides an in-depth analysis of the aromatic alcohols market in Nigeria.
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This report provides an in-depth analysis of the aromatic alcohols market in Nigeria.
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