Price for Fibres; Synthetic Filament Tow, of Polypropylene in Nigeria - 2022
Contents:
- Price for Fibres; Synthetic Filament Tow, of Polypropylene in Nigeria (CIF) - 2022
- Imports of Fibres; Synthetic Filament Tow, of Polypropylene in Nigeria
Price for Fibres; Synthetic Filament Tow, of Polypropylene in Nigeria (CIF) - 2022
The average import price for fibres; synthetic filament tow, of polypropylene stood at $3,727 per ton in 2022, growing by 9.7% against the previous year. Over the period under review, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 56% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($6,731 per ton), while the price for China totaled $1,218 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Fibres; Synthetic Filament Tow, of Polypropylene in Nigeria
In 2022, purchases abroad of fibres; synthetic filament tow, of polypropylene decreased by -34.3% to 105 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 336% against the previous year.
In value terms, imports of fibres; synthetic filament tow, of polypropylene dropped significantly to $390K in 2022. Over the period under review, imports, however, saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 571%.
| Import of Fibres; Synthetic Filament Tow, of Polypropylene in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 19.5 | 115 | 453 | 321 | 154.4% |
| China | 2.9 | 23.5 | 43.7 | 69.5 | 188.3% |
| South Korea | 1.3 | 20.5 | 43.3 | N/A | 477.1% |
| Others | 0.1 | 0.8 | 1.2 | N/A | 246.4% |
| Total | 23.8 | 160 | 541 | 390 | 154.0% |
Top Suppliers of Fibres; Synthetic Filament Tow, of Polypropylene to Nigeria in 2022:
- China (57.0 tons)
- South Africa (47.6 tons)
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