Price for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Nigeria - 2022
Contents:
- Price for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Nigeria (CIF) - 2022
- Price for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Nigeria (FOB) - 2022
- Imports of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Nigeria
- Exports of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Nigeria
Price for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Nigeria (CIF) - 2022
In June 2022, the average import price for acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses amounted to $2,512 per ton, growing by 7.7% against the previous month. In general, the import price posted a remarkable increase. The most prominent rate of growth was recorded in March 2022 an increase of 76% against the previous month. Over the period under review, average import prices hit record highs in June 2022.
There were significant differences in the average prices amongst the major supplying countries. In June 2022, the country with the highest price was South Korea ($2,980 per ton), while the price for Brazil ($1,211 per ton) was amongst the lowest.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Nigeria (FOB) - 2022
The average export price for acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses stood at $3,082 per ton in 2022, increasing by 1,170% against the previous year. Over the period under review, the export price recorded a significant increase. Over the period under review, the average export prices attained the maximum at $12,355 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to +3.9% per year.
Imports of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Nigeria
In 2022, the amount of acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses imported into Nigeria surged to 95K tons, picking up by 75% compared with the previous year's figure. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses surged to $153M in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 0.3 | 0.7 | 0.7 | 52.5 | 459.3% |
China | 16.9 | 17.5 | 8.5 | 46.8 | 40.4% |
South Africa | 7.8 | 11.0 | 17.0 | 14.3 | 22.4% |
Equatorial Guinea | 11.9 | 4.9 | 8.0 | 8.7 | -9.9% |
South Korea | 4.8 | 7.9 | 6.5 | 5.6 | 5.3% |
Brazil | 0.6 | 2.5 | 3.6 | 4.0 | 88.2% |
India | 2.6 | 6.2 | 3.9 | 3.0 | 4.9% |
Malaysia | 2.2 | 2.1 | 0.8 | 2.5 | 4.4% |
United Arab Emirates | 2.3 | 0.9 | 1.0 | 1.8 | -7.8% |
Saudi Arabia | 4.1 | 2.6 | 1.7 | 0.7 | -44.5% |
Others | 6.3 | 23.3 | 15.7 | 12.9 | 27.0% |
Total | 60.0 | 79.6 | 67.4 | 153 | 36.6% |
Top Suppliers of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives to Nigeria in 2022:
- United Kingdom (38.3K tons)
- China (20.4K tons)
- South Africa (10.7K tons)
- Equatorial Guinea (4.8K tons)
- Brazil (2.7K tons)
- United Arab Emirates (2.7K tons)
- South Korea (2.7K tons)
- India (2.3K tons)
- Malaysia (1.3K tons)
- Saudi Arabia (0.7K tons)
Exports of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Nigeria
In 2022, overseas shipments of acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses decreased by -53.7% to 59 tons, falling for the second year in a row after two years of growth. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 82% against the previous year. As a result, the exports attained the peak of 201 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses skyrocketed to $183K in 2022. In general, exports, however, recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | N/A | N/A | N/A | 183 | 0% |
Benin | 60.7 | 60.5 | 13.8 | N/A | -52.3% |
Burkina Faso | N/A | N/A | 3.4 | N/A | 0% |
Cameroon | N/A | N/A | 3.6 | N/A | 0% |
Others | 0.4 | 0.5 | 10.4 | N/A | 409.9% |
Total | 61.1 | 61.0 | 31.1 | 183 | 44.1% |
Top Export Markets for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives from Nigeria in 2022:
- United Arab Emirates (59.4 tons)
This report provides an in-depth analysis of the market for halogenated, sulphonated, nitrated or nitrosated derivatives of acyclic alcohols in Nigeria.
This report provides an in-depth analysis of the market for diols and polyhydric alcohols in Nigeria.
This report provides an in-depth analysis of the market for lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols in Nigeria.
This report provides an in-depth analysis of the butanol market in Nigeria.
This report provides an in-depth analysis of the methanol market in Nigeria.
This report provides an in-depth analysis of the unsaturated monohydric alcohols market in Nigeria.
This report provides an in-depth analysis of the propylene glycol market in Nigeria.
This report provides an in-depth analysis of the market for propyl and isopropyl alcohol in Nigeria.
This report provides an in-depth analysis of the octyl alcohol market in Nigeria.
This report provides an in-depth analysis of the ethylene glycol market in Nigeria.
Explore the world's best import markets for butanol, including China, Belgium, Germany, and more. Gain insights into key statistics and market trends. Read now on IndexBox.
The global butanol market is forecast to see a pronounced recovery in 2021. The increased demand for butyl acetate and butyl acrylate, which together comprise over half of the butanol consumption, emerges as a key butanol market driver amid the current construction boom in Asia, the U.S., Russia and Europe. The use of butanol as an alternative fuel may also accelerate the market expansion. The possibility to derive biobutanol from food waste and the emerging technology to obtain butanol from CO2 shape promising investment prospects, following the shift to a circular economy.
In today's global economy, international trade plays a crucial role in the development and growth of countries. One of the key commodities traded across borders is methanol, a versatile chemical compound used in various industries such as automotive, construction, and chemical manufacturing. Understanding the import markets for methanol is crucial for businesses, policymakers, and investors looking to capitalize on the growing demand for this essential substance. According to the latest data from the IndexBox market intelligence platform, here are the world's top import markets for methanol in terms of import value: China, India, Netherlands, South Korea, and Japan. China dominates the global methanol import market with an import value of $4.2 billion USD in 2022. India witnessed a surge in import value, reaching $985.8 million USD in 2022. The Netherlands holds the third position in the global methanol import market with a total import value of $968.1 million USD in 2022. South Korea and Japan also have strong import markets for methanol.
The use of methanol as an alternative fuel is in line with the new global green agenda and can become a new driver of the methanol market. Maritime and automotive fuels constitute the prospective methanol applications. China is the largest market for imported methanol, with import growth to persist, should more cars work on the methanol fuel.
Explore the top import markets for ethylene glycol based on the latest data from IndexBox. Discover key statistics and insights for countries like China, India, Turkey, and more.
Increasing demand for PET packaging and urgent need for eco-friendly refrigerants to become the main drivers of the ethylene glycol market growth.
South Korea became the fastest-growing sorbitol importer in the past decade. From 2010 to 2020, supplies to South Korea rose from $3.1M to $19.2M, while in physical terms, they expanded from 3.4K to 17K tons.
The global alcohol market revenue amounted to $56.1B in 2018, remaining stable against the previous year. This...
In value terms, sulphonated, nitrated and nitrosated derivatives of hydrocarbons imports stood at $X in 2016. In general, sulphonated, nitrated and nitrosated derivatives of hydrocarbons imports co...
In 2016, the global imports of alcohol amounted to X tons, shrinking by -X% against the previous year level. In general, alcohol imports continue to indicate a slight deduction. The pace of gro...