Price for Dyes; Reactive Dyes and Preparations Based Thereon in Nigeria - 2022
Contents:
- Price for Dyes; Reactive Dyes and Preparations Based Thereon in Nigeria (CIF) - 2022
- Imports of Dyes; Reactive Dyes and Preparations Based Thereon in Nigeria
Price for Dyes; Reactive Dyes and Preparations Based Thereon in Nigeria (CIF) - 2022
The average import price for dyes; reactive dyes and preparations based therea stood at $4,801 per ton in 2022, with an increase of 15% against the previous year. Overall, the import price, however, saw a noticeable reduction. The growth pace was the most rapid in 2014 when the average import price increased by 22% against the previous year. Over the period under review, average import prices hit record highs at $9,548 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($4,961 per ton), while the price for the United States ($712 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Dyes; Reactive Dyes and Preparations Based Thereon in Nigeria
For the third consecutive year, Nigeria recorded decline in overseas purchases of dyes; reactive dyes and preparations based therea, which decreased by -32.4% to 197 tons in 2022. Overall, imports continue to indicate a dramatic curtailment. The smallest decline of -4.1% was in 2020.
In value terms, imports of dyes; reactive dyes and preparations based therea shrank notably to $945K in 2022. In general, imports saw a precipitous descent. The smallest decline of -13.8% was in 2021.
| Import of Dyes; Reactive Dyes and Preparations Based Thereon in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 736 | 725 | 594 | 878 | 6.1% |
| China | 30.2 | 23.4 | 22.8 | 58.2 | 24.4% |
| United States | 1.4 | 1.3 | 1.5 | 5.7 | 59.7% |
| Hong Kong SAR | 262 | 135 | 87.3 | N/A | -42.3% |
| South Korea | 117 | 123 | 131 | N/A | 5.8% |
| Taiwan (Chinese) | 381 | 57.1 | 117 | N/A | -44.6% |
| Turkey | 86.1 | 70.2 | 59.9 | N/A | -16.6% |
| Others | 474 | 275 | 204 | 3.6 | -80.3% |
| Total | 2,088 | 1,410 | 1,216 | 945 | -23.2% |
Top Suppliers of Dyes; Reactive Dyes and Preparations Based Thereon to Nigeria in 2022:
- India (177.0 tons)
- China (11.9 tons)
- United States (8.0 tons)
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