Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Nigeria - 2022
Contents:
- Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Nigeria (CIF) - 2022
- Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Nigeria (FOB) - 2022
- Imports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Nigeria
- Exports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Nigeria
Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Nigeria (CIF) - 2022
In June 2022, the average import price for alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol amounted to $4,191 per ton, falling by -4.1% against the previous month. Over the period under review, the import price saw a abrupt shrinkage. The pace of growth was the most pronounced in September 2021 an increase of 318% against the previous month. Over the period under review, average import prices hit record highs at $33,011 per ton in October 2021; however, from November 2021 to June 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($119K per ton), while the price for China ($1,700 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 United States (+3,760.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Nigeria (FOB) - 2022
The average export price for alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol stood at $16,817 per ton in 2022, growing by 116% against the previous year. In general, the export price recorded buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($28,019 per ton), while the average price for exports to South Africa stood at $851 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+14.9%).
Imports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Nigeria
In 2022, after three years of growth, there was significant decline in overseas purchases of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol, when their volume decreased by -46.2% to 490 tons. Overall, imports recorded a abrupt descent. The growth pace was the most rapid in 2020 when imports increased by 27%.
In value terms, imports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol declined sharply to $4.3M in 2022. Over the period under review, imports showed a dramatic descent. The smallest decline of -3.4% was in 2020.
| Import of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,165 | 2,349 | 2,223 | 990 | -32.1% |
| Germany | 2,808 | 4,050 | 975 | 730 | -36.2% |
| India | 3,549 | 1,559 | 1,311 | 655 | -43.1% |
| France | 360 | 1,442 | 1,074 | 478 | 9.9% |
| Brazil | 114 | 213 | 579 | 258 | 31.3% |
| Belgium | 137 | 156 | 266 | 118 | -4.9% |
| Antigua and Barbuda | 552 | 378 | 257 | 104 | -42.7% |
| Italy | 141 | 224 | 167 | 74.3 | -19.2% |
| United Kingdom | 301 | 346 | 130 | 1.8 | -81.8% |
| Others | 751 | 762 | 1,604 | 939 | 7.7% |
| Total | 11,879 | 11,479 | 8,587 | 4,348 | -28.5% |
Top Suppliers of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol to Nigeria in 2022:
- China (111.5 tons)
- India (74.2 tons)
- Brazil (71.4 tons)
- Antigua and Barbuda (48.6 tons)
- Germany (47.3 tons)
- France (13.9 tons)
- Belgium (10.1 tons)
- Italy (7.2 tons)
- United Kingdom (0.2 tons)
Exports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Nigeria
In 2022, the amount of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol exported from Nigeria contracted significantly to 83 kg, falling by -62.4% compared with 2021. Overall, exports showed a significant curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 108%.
In value terms, exports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol contracted rapidly to $1.4K in 2022. Over the period under review, exports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year.
| Export of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 2,716 | 745 | 958 | 1,333 | -21.1% |
| South Africa | 98.0 | 2.0 | 8.0 | 29.0 | -33.4% |
| Benin | N/A | 325 | 8.0 | N/A | -97.5% |
| Congo | N/A | N/A | 740 | N/A | 0% |
| Others | 13.0 | 3.0 | 7.0 | 36.0 | 40.4% |
| Total | 2,827 | 1,075 | 1,721 | 1,398 | -20.9% |
Top Export Markets for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol from Nigeria in 2022:
- Ghana (48.0 kg)
- South Africa (34.0 kg)
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