Nigeria - Mixtures Of Odoriferous Substances And Their Preparations - Market Analysis, Forecast, Size, Trends and Insights
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View PricingOdoriferous Substance Mixture Price in Nigeria - 2022
Contents:
- Odoriferous Substance Mixture Price in Nigeria (CIF) - 2022
- Odoriferous Substance Mixture Price in Nigeria (FOB) - 2022
- Odoriferous Substance Mixture Imports in Nigeria
- Odoriferous Substance Mixture Exports in Nigeria
Odoriferous Substance Mixture Price in Nigeria (CIF) - 2022
The average odoriferous substance mixture import price stood at $11,606 per ton in 2022, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2013 an increase of 27%. The import price peaked at $16,272 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Swaziland ($43,945 per ton), while the price for South Africa ($6,916 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Odoriferous Substance Mixture Price in Nigeria (FOB) - 2022
The average odoriferous substance mixture export price stood at $5,977 per ton in 2022, shrinking by -57.5% against the previous year. In general, the export price, however, recorded a slight increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 121%. Over the period under review, the average export prices hit record highs at $15,780 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($18,110 per ton), while the average price for exports to Benin ($1,301 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 the United States (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Odoriferous Substance Mixture Imports in Nigeria
In 2022, overseas purchases of mixtures of odoriferous substances and their preparations decreased by -6% to 24K tons, falling for the second consecutive year after two years of growth. Overall, total imports indicated a mild expansion from 2019 to 2022: its volume increased at an average annual rate of +1.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -30.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 53% against the previous year. As a result, imports attained the peak of 34K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, odoriferous substance mixture imports fell to $275M in 2022. Over the period under review, imports, however, saw notable growth. The pace of growth was the most pronounced in 2020 when imports increased by 85%. As a result, imports reached the peak of $471M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Odoriferous Substance Mixture in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Swaziland | 25.5 | 92.4 | 43.3 | 44.8 | 20.7% |
Ireland | 92.8 | 121 | 72.8 | 38.9 | -25.2% |
Indonesia | 25.2 | 56.2 | 25.2 | 29.7 | 5.6% |
India | 11.0 | 17.3 | 11.9 | 18.3 | 18.5% |
United Kingdom | 22.7 | 37.7 | 24.2 | 18.3 | -6.9% |
Barbados | 12.3 | 15.3 | 17.5 | 18.0 | 13.5% |
France | 10.8 | 28.5 | 21.4 | 15.7 | 13.3% |
China | 1.4 | 2.0 | 2.8 | 15.4 | 122.4% |
Germany | 6.2 | 13.1 | 10.4 | 13.5 | 29.6% |
Netherlands | 4.1 | 10.2 | 7.9 | 11.6 | 41.4% |
Spain | 12.9 | 24.4 | 17.7 | 9.4 | -10.0% |
Antigua and Barbuda | 7.0 | 8.4 | 9.4 | 9.4 | 10.3% |
South Africa | 5.1 | 10.4 | 8.1 | 7.4 | 13.2% |
Others | 17.2 | 34.0 | 24.0 | 24.2 | 12.1% |
Total | 254 | 471 | 297 | 275 | 2.7% |
Top Suppliers of Odoriferous Substance Mixture to Nigeria in 2022:
- Ireland (5.4K tons)
- India (2.0K tons)
- Barbados (1.7K tons)
- United Kingdom (1.5K tons)
- Germany (1.5K tons)
- Indonesia (1.4K tons)
- France (1.4K tons)
- Antigua and Barbuda (1.3K tons)
- Netherlands (1.1K tons)
- South Africa (1.1K tons)
- Swaziland (1.0K tons)
- China (1.0K tons)
- Spain (0.9K tons)
Odoriferous Substance Mixture Exports in Nigeria
Odoriferous substance mixture exports from Nigeria surged to 62 tons in 2022, picking up by 33% against the year before. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 313% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, odoriferous substance mixture exports contracted markedly to $371K in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 678% against the previous year. As a result, the exports reached the peak of $657K, and then shrank markedly in the following year.
Export of Odoriferous Substance Mixture in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ghana | 21.8 | 26.8 | 74.1 | 157 | 93.1% |
Sierra Leone | 5.8 | 6.8 | 18.1 | 36.9 | 85.3% |
Cote d'Ivoire | 2.7 | 4.2 | 12.1 | 26.6 | 114.4% |
United States | 2.9 | 3.6 | 10.3 | 22.3 | 97.4% |
South Africa | 2.1 | 3.0 | 6.9 | 14.4 | 90.0% |
Benin | N/A | 0.2 | 4.4 | 6.4 | 465.7% |
Poland | 0.9 | 1.1 | 3.0 | 6.2 | 90.3% |
United Arab Emirates | 0.5 | 1.5 | 1.7 | 5.6 | 123.7% |
United Kingdom | 0.7 | 0.7 | 1.1 | 4.2 | 81.7% |
Niger | 0.2 | 0.7 | 1.9 | 4.0 | 171.4% |
Germany | 0.1 | 0.3 | 1.2 | 3.7 | 233.2% |
Philippines | N/A | N/A | 502 | N/A | 0% |
Others | 9.7 | 35.5 | 20.5 | 83.8 | 105.2% |
Total | 47.5 | 84.5 | 657 | 371 | 98.4% |
Top Export Markets for Odoriferous Substance Mixture from Nigeria in 2022:
- Ghana (36.5 tons)
- Benin (4.9 tons)
- United States (3.1 tons)
- United Arab Emirates (2.9 tons)
- United Kingdom (2.8 tons)
- Sierra Leone (2.2 tons)
- South Africa (2.1 tons)
- Poland (1.6 tons)
- Cote d'Ivoire (1.5 tons)
- Niger (1.1 tons)
- Germany (1.0 tons)
This report provides an in-depth analysis of the odoriferous substance mixture 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 20531075 - Mixtures of odoriferous substances of a kind used in the food or drink industries
- Prodcom 20531079 - Mixtures of odoriferous substances (excluding those of a kind used in the food or drink industries)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the odoriferous substance mixture market in Nigeria.
This report provides an in-depth analysis of the global odoriferous substance mixture market.
This report provides an in-depth analysis of the odoriferous substance mixture market in Nigeria.
This report provides an in-depth analysis of the global odoriferous substance mixture market.
Discover the top 10 countries leading in the import of odoriferous substance mixtures, including the United States, France, and Mexico.
In 2016, the amount of odoriferous substance mixture imported worldwide amounted to X tons, ascending by X% against the previous year figure. Overall, it indicated a prominent increase from 2007...
In 2016, the amount of odoriferous substance mixture imported worldwide amounted to X tons, ascending by X% against the previous year figure. Overall, it indicated a prominent increase from 2007...
Ireland continued its dominance in the global mixture of odoriferous substance trade. In 2014, Ireland exported X thousand tons of mixtures of odoriferous substances totaling X million USD, X% over the previous year. Its primary trading partne
Discover the top 10 countries leading in the import of odoriferous substance mixtures, including the United States, France, and Mexico.
In 2016, the amount of odoriferous substance mixture imported worldwide amounted to X tons, ascending by X% against the previous year figure. Overall, it indicated a prominent increase from 2007...
In 2016, the amount of odoriferous substance mixture imported worldwide amounted to X tons, ascending by X% against the previous year figure. Overall, it indicated a prominent increase from 2007...
Ireland continued its dominance in the global mixture of odoriferous substance trade. In 2014, Ireland exported X thousand tons of mixtures of odoriferous substances totaling X million USD, X% over the previous year. Its primary trading partne