Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Nigeria - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Nigeria (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Nigeria
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Nigeria (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses amounted to $3,689 per ton, with an increase of 71% against the previous year. Over the period under review, the import price posted a measured expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 United States ($3,877 per ton), while the price for the United Arab Emirates ($2,201 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Nigeria
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses imported into Nigeria soared to 799 tons, surging by 42% on the year before. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 361%. As a result, imports reached the peak of 828 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses skyrocketed to $2.9M in 2022. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 476%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 69.3 | 1,179 | 1,112 | 2,651 | 236.9% |
| United Arab Emirates | 46.3 | 8.9 | 40.2 | 179 | 56.9% |
| China | 64.7 | 104 | 62.7 | 119 | 22.5% |
| Netherlands | 24.4 | 103 | N/A | N/A | 322.1% |
| Others | 47.2 | 56.3 | N/A | N/A | 19.3% |
| Total | 252 | 1,451 | 1,215 | 2,949 | 127.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters to Nigeria in 2022:
- United States (683.7 tons)
- United Arab Emirates (81.3 tons)
- China (34.4 tons)
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