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Nigeria - Polyamides (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPolyamide Price in Nigeria - 2022
Contents:
- Polyamide Price in Nigeria (CIF) - 2022
- Polyamide Price in Nigeria (FOB) - 2022
- Polyamide Imports in Nigeria
- Polyamide Exports in Nigeria
Polyamide Price in Nigeria (CIF) - 2022
In 2022, the average polyamide import price amounted to $3,269 per ton, picking up by 32% against the previous year. Overall, the import price showed a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $4,126 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
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 France ($5,137 per ton), while the price for Belgium ($2,065 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Polyamide Price in Nigeria (FOB) - 2022
The average polyamide export price stood at $4,020 per ton in 2022, which is down by -4.4% against the previous year. Overall, the export price, however, continues to indicate a pronounced expansion. The growth pace was the most rapid in 2017 an increase of 1,816%. As a result, the export price attained the peak level of $5,830 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($13,690 per ton), while the average price for exports to Benin ($911 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 Switzerland (+39.8%), while the prices for the other major destinations experienced more modest paces of growth.
Polyamide Imports in Nigeria
For the third year in a row, Nigeria recorded decline in supplies from abroad of polyamides (in primary forms), which decreased by -30.4% to 1.4K tons in 2022. In general, imports recorded a precipitous decline. The smallest decline of -5.8% was in 2020.
In value terms, polyamide imports contracted to $4.7M in 2022. Overall, imports saw a deep downturn.
Import of Polyamide in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,127 | 2,142 | 2,072 | 1,925 | 19.5% |
Malaysia | 1,541 | 1,238 | 1,009 | 1,043 | -12.2% |
India | 1,064 | 903 | 994 | 924 | -4.6% |
France | 540 | 569 | 325 | 217 | -26.2% |
Germany | 197 | 374 | 97.6 | 210 | 2.2% |
South Korea | 31.7 | 36.2 | 76.2 | 70.8 | 30.7% |
Belgium | 98.4 | 10.8 | 54.6 | 50.7 | -19.8% |
Turkey | 2,782 | 490 | 202 | 42.7 | -75.1% |
Others | 564 | 419 | 244 | 197 | -29.6% |
Total | 7,946 | 6,181 | 5,075 | 4,680 | -16.2% |
Top Suppliers of Polyamide to Nigeria in 2022:
- China (688.6 tons)
- India (260.0 tons)
- Malaysia (242.1 tons)
- Germany (76.3 tons)
- France (42.3 tons)
- South Korea (33.8 tons)
- Belgium (24.6 tons)
- Turkey (18.3 tons)
Polyamide Exports in Nigeria
In 2022, approx. 12 tons of polyamides (in primary forms) were exported from Nigeria; which is down by -38.8% on the year before. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 399% against the previous year.
In value terms, polyamide exports reduced notably to $49K in 2022. In general, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 487% against the previous year. As a result, the exports reached the peak of $83K, and then declined markedly in the following year.
Export of Polyamide in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 60.9 | 14.0 | 73.3 | 32.8 | -18.6% |
Switzerland | N/A | N/A | 9.8 | 15.8 | 61.2% |
Others | 8.2 | 0.2 | 0.1 | N/A | -89.0% |
Total | 69.1 | 14.2 | 83.2 | 48.7 | -11.0% |
Top Export Markets for Polyamide from Nigeria in 2022:
- Malaysia (10.9 tons)
- Switzerland (1.2 tons)
This report provides an in-depth analysis of the polyamide 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 20165450 - Polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12, in primary forms
- Prodcom 20165490 - Polyamides, in primary forms (excluding polyamide -6, -11, .12, -6,6, -6,9, -6,10 or -6,12)
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 polyamide market in Nigeria.
This report provides an in-depth analysis of the market for polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in primary forms in Nigeria.
This report provides an in-depth analysis of the global polyamide market.
This report provides an in-depth analysis of the global market for polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in primary forms.
This report provides an in-depth analysis of the polyamide market in Nigeria.
This report provides an in-depth analysis of the market for polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in primary forms in Nigeria.
This report provides an in-depth analysis of the global polyamide market.
This report provides an in-depth analysis of the global market for polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in primary forms.
Discover the top import markets for polyamide and their key statistics. Learn about Germany, China, Italy, Belgium, and India as the leading importers. Find out why these countries dominate the global polyamide market.
In 2016, the global imports of polyamide amounted to X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period...
Discover the top import markets for Polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in primary forms, including Germany, China, Italy, Belgium, India, and more. Explore key statistics and import values in this market analysis article.
Discover the top import markets for polyamide and their key statistics. Learn about Germany, China, Italy, Belgium, and India as the leading importers. Find out why these countries dominate the global polyamide market.
In 2016, the global imports of polyamide amounted to X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period...
Discover the top import markets for Polyamide -6, -11, -12, -6,6, -6,9, -6,10 or -6,12 in primary forms, including Germany, China, Italy, Belgium, India, and more. Explore key statistics and import values in this market analysis article.