Price for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in Nigeria - 2023

Contents:

  1. Price for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in Nigeria (CIF) - 2023
  2. Imports of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in Nigeria

Price for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in Nigeria (CIF) - 2023

In December 2023, the average import price for cellulose ethers; carboxymethylcellulose and its salts, in primary formses amounted to $13,794 per ton, with an increase of 488% against the previous month. In general, the import price recorded strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Lebanon ($20,396 per ton), while the price for India ($1,238 per ton) was amongst the lowest.

From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Turkey (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in Nigeria

In 2022, approx. 2.7K tons of cellulose ethers; carboxymethylcellulose and its salts, in primary formses were imported into Nigeria; increasing by 11% against the previous year. In general, imports saw a remarkable increase. The growth pace was the most rapid in 2020 when imports increased by 100%. As a result, imports attained the peak of 3.9K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of cellulose ethers; carboxymethylcellulose and its salts, in primary formses skyrocketed to $11M in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 141% against the previous year. As a result, imports reached the peak of $12M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Lebanon2122,1851,9144,419175.2%
China1,9595,0662,9803,88525.6%
Sweden5746085786092.0%
Germany4558501,010396-4.5%
Swaziland455445388336-9.6%
Turkey21532711332414.6%
Finland17273323330821.4%
France11154421779.9-10.4%
Italy22714268.743.7-42.3%
Others44871449969615.8%
Total4,82711,6138,00211,09532.0%

Top Suppliers of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms to Nigeria in 2022:

  1. China (1180.5 tons)
  2. Lebanon (540.2 tons)
  3. Turkey (256.9 tons)
  4. Germany (245.1 tons)
  5. Swaziland (94.1 tons)
  6. Finland (73.7 tons)
  7. Sweden (72.3 tons)
  8. France (24.3 tons)
  9. Italy (14.7 tons)

Source: IndexBox Market Intelligence Platform

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