Price for Cellulose Acetates; Plasticised, in Primary Forms in Nigeria - 2023

Contents:

  1. Price for Cellulose Acetates; Plasticised, in Primary Forms in Nigeria (CIF) - 2022
  2. Imports of Cellulose Acetates; Plasticised, in Primary Forms in Nigeria

Price for Cellulose Acetates; Plasticised, in Primary Forms in Nigeria (CIF) - 2022

In 2022, the average import price for cellulose acetates; plasticised, in primary formses amounted to $7,763 per ton, shrinking by -6.8% against the previous year. In general, the import price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2013 an increase of 59%. Over the period under review, average import prices attained the peak figure at $8,518 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($18,206 per ton), while the price for the United States ($4,547 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Cellulose Acetates; Plasticised, in Primary Forms in Nigeria

For the third consecutive year, Nigeria recorded decline in supplies from abroad of cellulose acetates; plasticised, in primary formses, which decreased by -71.9% to 4 tons in 2022. In general, imports recorded a precipitous decline. The smallest decline of -9.9% was in 2021.

In value terms, imports of cellulose acetates; plasticised, in primary formses reduced remarkably to $31K in 2022. Over the period under review, imports faced a precipitous curtailment. The smallest decline of -10.6% was in 2020.

Import of Cellulose Acetates; Plasticised, in Primary Forms in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany74.070.850.716.3-39.6%
United States66.861.041.812.8-42.3%
China7.81.225.61.8-38.7%
Others3.73.11.90.5-48.7%
Total15213612031.4-40.9%

Top Suppliers of Cellulose Acetates; Plasticised, in Primary Forms to Nigeria in 2022:

  1. United States (2.8 tons)
  2. Germany (0.9 tons)
  3. China (0.3 tons)

Source: IndexBox Market Intelligence Platform

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