Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Nigeria - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Nigeria (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Nigeria
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Nigeria (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $1,396 per ton in 2022, picking up by 207% against the previous year. In general, the import price continues to indicate a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($5,513 per ton), while the price for China ($863 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+524.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Nigeria
In 2022, supplies from abroad of acids; saturated acyclic monocarboxylic acids; salts of formic acidses was finally on the rise to reach 124 tons after two years of decline. Overall, imports, however, recorded a sharp setback.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses skyrocketed to $173K in 2022. In general, imports, however, continue to indicate a dramatic descent.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 163 | 144 | 14.1 | 45.1 | -34.8% |
India | N/A | 3.9 | N/A | 29.5 | 175.0% |
United Arab Emirates | N/A | N/A | N/A | 7.6 | 0% |
Germany | N/A | N/A | N/A | 4.2 | 0% |
Spain | 9.7 | N/A | N/A | N/A | 0% |
Taiwan (Chinese) | 10.4 | N/A | N/A | N/A | 0% |
Others | 183 | 148 | 14.1 | 86.3 | -22.2% |
Total | 366 | 296 | 28.1 | 173 | -22.1% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Nigeria in 2022:
- China (52.2 tons)
- India (5.3 tons)
- United Arab Emirates (3.3 tons)
- Germany (1.0 tons)
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