Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Nigeria - 2022
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Nigeria (CIF) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Nigeria
Price for Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Nigeria (CIF) - 2022
In 2022, the average import price for acids; aromatic polycarboxylic acids; terephthalic acid and its saltses amounted to $437 per ton, shrinking by -5.6% against the previous year. In general, the import price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 5.7% against the previous year. The import price peaked at $1,223 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for South Korea.
From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +31.5% per year.
Imports of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Nigeria
In 2022, the amount of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses imported into Nigeria rose sharply to 39 tons, picking up by 12% on the previous year's figure. The total import volume increased at an average annual rate of +12.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 12% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of acids; aromatic polycarboxylic acids; terephthalic acid and its saltses stood at $17K in 2022. The total import value increased at an average annual rate of +5.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 5.9% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 14.3 | 15.1 | 16.0 | 16.9 | 5.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 14.3 | 15.1 | 16.0 | 17.0 | 5.9% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Terephthalic Acid and Its Salts to Nigeria in 2022:
- South Korea (38.8 tons)
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