Price for Cellulose Nitrates (Including Collodions); in Primary Forms in Nigeria - 2022

Contents:

  1. Price for Cellulose Nitrates (Including Collodions); in Primary Forms in Nigeria (CIF) - 2022
  2. Imports of Cellulose Nitrates (Including Collodions); in Primary Forms in Nigeria

Price for Cellulose Nitrates (Including Collodions); in Primary Forms in Nigeria (CIF) - 2022

In 2022, the average import price for cellulose nitrates (including collodions); in primary formses amounted to $3,224 per ton, with an increase of 14% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2014 an increase of 43% against the previous year. As a result, import price reached the peak level of $3,472 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($3,993 per ton), while the price for Luxembourg ($2,044 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Cellulose Nitrates (Including Collodions); in Primary Forms in Nigeria

In 2022, supplies from abroad of cellulose nitrates (including collodions); in primary formses decreased by -14.1% to 464 tons, falling for the second consecutive year after two years of growth. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 50%. As a result, imports reached the peak of 895 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of cellulose nitrates (including collodions); in primary formses declined slightly to $1.5M in 2022. Overall, imports saw a pronounced downturn. The pace of growth was the most pronounced in 2020 with an increase of 63% against the previous year. As a result, imports reached the peak of $2.6M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Cellulose Nitrates (Including Collodions); in Primary Forms in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India44183871977920.9%
China88.115332925041.6%
Germany462439377203-24.0%
Brazil133245N/A96.8-10.0%
Taiwan (Chinese)26.218685.896.654.5%
Luxembourg36.277.922.168.023.4%
Thailand53.6263N/AN/A390.7%
Belgium363362N/AN/A-0.3%
OthersN/A44.10.11.9-79.2%
Total1,6032,6071,5321,495-2.3%

Top Suppliers of Cellulose Nitrates (Including Collodions); in Primary Forms to Nigeria in 2022:

  1. India (211.3 tons)
  2. Germany (82.7 tons)
  3. China (73.5 tons)
  4. Brazil (37.5 tons)
  5. Luxembourg (33.3 tons)
  6. Taiwan (Chinese) (24.2 tons)

Source: IndexBox Market Intelligence Platform

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