Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Nigeria - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Nigeria (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Nigeria
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Nigeria (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates stood at $5,421 per ton in June 2022, with an increase of 6.4% against the previous month. In general, the import price posted a buoyant expansion. The pace of growth was the most pronounced in May 2022 when the average import price increased by 97% month-to-month. Over the period under review, average import prices attained the maximum in June 2022.
As there is only one major supplying country, the average price level is determined by prices for Taiwan (Chinese).
From June 2021 to June 2022, the rate of growth in terms of prices for South Korea amounted to +5.9% per month.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Nigeria
In 2022, supplies from abroad of acids; saturated acyclic monocarboxylic acids; vinyl acetates decreased by -11.7% to 3.2K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a slight shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 49%. As a result, imports attained the peak of 4.9K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates skyrocketed to $11M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +26.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 32% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Taiwan (Chinese) | 2.8 | 3.0 | 2.9 | 6.6 | 33.1% |
China | 0.1 | N/A | N/A | 2.7 | 200.0% |
Saudi Arabia | 1.6 | 2.9 | 2.8 | 1.0 | -14.5% |
South Korea | N/A | 0.4 | 0.7 | 0.5 | 11.8% |
United Arab Emirates | 0.8 | 0.8 | 1.8 | N/A | 50.0% |
Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
Total | 5.4 | 7.2 | 8.3 | 10.9 | 26.4% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate to Nigeria in 2022:
- Taiwan (Chinese) (1388.1 tons)
- China (1274.9 tons)
- Saudi Arabia (357.6 tons)
- South Korea (133.1 tons)
This report provides an in-depth analysis of the market for esters of acetic acid (excluding ethyl acetate) in Nigeria.
This report provides an in-depth analysis of the market for saturated acyclic monocarboxylic acids in Nigeria.
This report provides an in-depth analysis of the market for mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids in Nigeria.
This report provides an in-depth analysis of the market for salts of acetic acid in Nigeria.
This report provides an in-depth analysis of the market for palmitic acid, stearic acid, their salts and esters in Nigeria.
This report provides an in-depth analysis of the market for lauric acid and other acids, their salts and esters in Nigeria.
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Nigeria.
This report provides an in-depth analysis of the ethyl acetate market in Nigeria.
This report provides an in-depth analysis of the acetic anhydride market in Nigeria.
This report provides an in-depth analysis of the acetic acid market in Nigeria.
Explore the top import markets for Esters Of Acetic Acid (excluding Ethyl Acetate) in 2023. Learn about the key countries driving the global market for esters of acetic acid.
Saturated Acyclic Monocarboxylic Acids are important chemical compounds used in various industries, including pharmaceuticals, cosmetics, and chemical manufacturing. In this article, we explore the world's best import markets for saturated acyclic monocarboxylic acids, backed by data and key statistics from the IndexBox market intelligence platform. Belgium leads the way as the largest importer, followed by India, Germany, China, and the United States. The Netherlands, Italy, Japan, Mexico, and Spain also play significant roles. Learn more about this vibrant and dynamic import market.
Global acyclic acid imports stood at X tons in 2016, coming down by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the period from...
Global acyclic acid imports stood at X tons in 2016, coming down by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the period from...
In value terms, phosphoric esters and their salts imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated ...
In value terms, esters of other inorganic acids imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indica...
In value terms, phosphoric esters and their salts exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the tre...
In value terms, esters of other inorganic acids exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend...
Learn about the expected growth in the global acetic acid market over the next seven years, driven by increasing demand. Market volume is projected to reach 6.8M tons and market value to reach $4.9B by 2030.
In value terms, acetals and hemiacetals imports totaled $X in 2016. Overall, acetals and hemiacetals imports continue to indicate a mild deduction. Over the period under review, global acetals and h...