Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Nigeria - 2022
Contents:
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Nigeria (CIF) - 2022
- Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Nigeria
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Nigeria (CIF) - 2022
In 2022, the average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses amounted to $5,389 per ton, falling by -33.7% against the previous year. In general, the import price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 41% against the previous year. The import price peaked at $8,696 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -4.1% per year.
Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Nigeria
In 2022, overseas purchases of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses decreased by -66% to 2.3 tons, falling for the second consecutive year after two years of growth. In general, imports saw a dramatic contraction. The pace of growth appeared the most rapid in 2020 with an increase of 4.3% against the previous year. As a result, imports reached the peak of 11 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses shrank significantly to $12K in 2022. Overall, imports saw a significant curtailment. The growth pace was the most rapid in 2020 with an increase of 44%. As a result, imports reached the peak of $97K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 67.1 | 96.7 | 54.5 | 12.3 | -43.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 67.1 | 96.7 | 54.5 | 12.3 | -43.2% |
Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to Nigeria in 2022:
- India (2.3 tons)
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