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Nigeria - Synthetic Organic Coloring Matter And Pigments - Market Analysis, Forecast, Size, Trends and Insights
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View PricingOrganic Pigments Price in Nigeria - 2022
Contents:
- Organic Pigments Price in Nigeria (CIF) - 2022
- Organic Pigments Price in Nigeria (FOB) - 2022
- Organic Pigments Imports in Nigeria
- Organic Pigments Exports in Nigeria
Organic Pigments Price in Nigeria (CIF) - 2022
In 2021, the average organic pigments import price amounted to $4,533 per ton, with a decrease of -14.7% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 39% against the previous year. Over the period under review, average import prices attained the peak figure at $7,765 per ton in 2017; however, from 2018 to 2021, 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 Indonesia ($26,797 per ton), while the price for the United States ($1,992 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Organic Pigments Price in Nigeria (FOB) - 2022
In 2021, the average organic pigments export price amounted to $872 per ton, which is down by -60.8% against the previous year. Overall, the export price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 when the average export price increased by 115% against the previous year. Over the period under review, the average export prices reached the peak figure at $3,392 per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Israel ($4,326 per ton), while the average price for exports to Benin ($250 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+12.1%), while the prices for the other major destinations experienced mixed trend patterns.
Organic Pigments Imports in Nigeria
In 2022, overseas purchases of synthetic organic coloring matter and pigments decreased by -10% to 8K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +5.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 36% against the previous year. As a result, imports reached the peak of 9.2K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, organic pigments imports surged to $48M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.7% 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 -2.2% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 54%. As a result, imports reached the peak of $49M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Organic Pigments in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
India | 15.1 | 23.5 | 18.1 | 9.5% | |
China | 6.0 | 9.3 | 6.0 | 0.0% | |
Indonesia | 3.0 | 4.5 | 3.6 | 9.5% | |
South Africa | 0.7 | 1.3 | 2.1 | 73.2% | |
Germany | 0.5 | 0.6 | 1.7 | 84.4% | |
Swaziland | 0.8 | 1.8 | 1.7 | 45.8% | |
United Kingdom | 1.6 | 2.0 | 0.9 | -25.0% | |
Turkey | N/A | 0.4 | 0.5 | 25.0% | |
Others | 3.8 | 5.3 | 5.5 | 20.3% | |
Total | 31.5 | 48.7 | 40.1 | 12.8% |
Top Suppliers of Organic Pigments to Nigeria in 2022:
- India (4238.8 tons)
- China (2556.3 tons)
- South Africa (481.2 tons)
- Swaziland (218.3 tons)
- Turkey (185.9 tons)
- Indonesia (135.9 tons)
- Germany (134.6 tons)
- United Kingdom (106.8 tons)
Organic Pigments Exports in Nigeria
In 2022, the amount of synthetic organic coloring matter and pigments exported from Nigeria dropped notably to 26 tons, waning by -42.1% compared with the previous year's figure. In general, exports, however, saw a prominent increase. The growth pace was the most rapid in 2021 with an increase of 535%. As a result, the exports attained the peak of 45 tons, and then fell markedly in the following year.
In value terms, organic pigments exports reduced dramatically to $28K in 2022. Overall, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 149% against the previous year. As a result, the exports reached the peak of $40K, and then fell notably in the following year.
Export of Organic Pigments in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Israel | N/A | N/A | 12.6 | 0% | |
Benin | 0.3 | 6.6 | 5.3 | 320.3% | |
Burkina Faso | N/A | N/A | 2.0 | 0% | |
Niger | 0.7 | 3.6 | N/A | 414.3% | |
Mali | 2.4 | N/A | N/A | 0% | |
Pakistan | N/A | 3.9 | N/A | 0% | |
Ghana | 12.8 | N/A | N/A | 0% | |
Others | 3.3 | 1.8 | 19.8 | 144.9% | |
Total | 19.5 | 15.9 | 39.6 | 42.5% |
Top Export Markets for Organic Pigments from Nigeria in 2022:
- Benin (21.0 tons)
- Israel (2.9 tons)
- Burkina Faso (0.9 tons)
This report provides an in-depth analysis of the organic pigments 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 20122110 - Disperse dyes and preparations based thereon
- Prodcom 20122120 - Acid and mordant dyes and preparations based thereon
- Prodcom 20122130 - Basic dyes and preparations based thereon
- Prodcom 20122140 - Direct dyes and preparations based thereon
- Prodcom 20122150 - Other synthetic organic colouring matters
- Prodcom 20122160 - Synthetic organic products used as fluorescent brightening agents
- Prodcom 20122170 - Colour lakes, preparations based on colour lakes
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 organic pigments market in Nigeria.
This report provides an in-depth analysis of the market for acid and mordant dye in Nigeria.
This report provides an in-depth analysis of the basic dye market in Nigeria.
This report provides an in-depth analysis of the direct dye market in Nigeria.
This report provides an in-depth analysis of the disperse dye market in Nigeria.
This report provides an in-depth analysis of the market for synthetic organic colouring matters in Nigeria.
This report provides an in-depth analysis of the fluorescent brightening agents market in Nigeria.
This report provides an in-depth analysis of the global organic pigments market.
This report provides an in-depth analysis of the global market for acid and mordant dye.
This report provides an in-depth analysis of the global basic dye market.
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