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Nigeria - Polymethyl Methacrylate In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPolymethyl Methacrylate Price in Nigeria - 2022
Contents:
- Polymethyl Methacrylate Price in Nigeria (CIF) - 2022
- Polymethyl Methacrylate Price in Nigeria (FOB) - 2022
- Polymethyl Methacrylate Imports in Nigeria
- Polymethyl Methacrylate Exports in Nigeria
Polymethyl Methacrylate Price in Nigeria (CIF) - 2022
The average polymethyl methacrylate import price stood at $2,466 per ton in 2022, picking up by 75% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $3,276 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 Indonesia ($2,375 per ton), while the price for Hong Kong SAR ($1,264 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Polymethyl Methacrylate Price in Nigeria (FOB) - 2022
The average polymethyl methacrylate export price stood at $11,292 per ton in 2022, remaining stable against the previous year. In general, the export price posted significant growth. The growth pace was the most rapid in 2019 an increase of 20% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Canada.
From 2013 to 2022, the rate of growth in terms of prices for Canada amounted to -11.0% per year.
Polymethyl Methacrylate Imports in Nigeria
After three years of growth, supplies from abroad of polymethyl methacrylate in primary forms decreased by -9.6% to 3.2K tons in 2022. Over the period under review, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 357%. As a result, imports reached the peak of 3.5K tons, and then contracted in the following year.
In value terms, polymethyl methacrylate imports skyrocketed to $7.8M in 2022. Overall, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 173%. Imports peaked in 2022 and are likely to continue growth in years to come.
Import of Polymethyl Methacrylate in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 982 | 1,298 | 2,138 | 3,620 | 54.5% |
China | 97.3 | 205 | 208 | 353 | 53.7% |
India | 6.5 | 67.2 | 142 | 263 | 243.3% |
Turkey | 50.5 | 64.5 | 83.7 | 149 | 43.4% |
Hong Kong SAR | 13.0 | 21.7 | 48.1 | 81.4 | 84.3% |
Others | 69.7 | 151 | 2,320 | 3,367 | 264.2% |
Total | 1,219 | 1,808 | 4,941 | 7,834 | 85.9% |
Top Suppliers of Polymethyl Methacrylate to Nigeria in 2022:
- Indonesia (1524.5 tons)
- China (205.0 tons)
- India (114.6 tons)
- Turkey (80.8 tons)
- Hong Kong SAR (64.4 tons)
Polymethyl Methacrylate Exports in Nigeria
In 2022, shipments abroad of polymethyl methacrylate in primary forms decreased by 0% to 48 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a noticeable slump. The smallest decline of 99.9% was in 2020.
In value terms, polymethyl methacrylate exports amounted to $542 in 2022. In general, exports continue to indicate a significant increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to see steady growth in the near future.
Export of Polymethyl Methacrylate in Nigeria (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 64.0 | N/A | N/A | 542 | 103.8% |
Sao Tome and Principe | 82.0 | N/A | N/A | N/A | 0% |
Ghana | 9.0 | N/A | N/A | N/A | 0% |
Others | 87.0 | N/A | N/A | N/A | 0% |
Total | 242 | N/A | N/A | 542 | 30.8% |
Top Export Markets for Polymethyl Methacrylate from Nigeria in 2022:
- Canada (48.0 kg)
This report provides an in-depth analysis of the polymethyl methacrylate 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 20165350 - Polymethyl methacrylate, in primary forms
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
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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 polymethyl methacrylate market in Nigeria.
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