Price for Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in Nigeria - 2022

Contents:

  1. Price for Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in Nigeria (CIF) - 2022
  2. Imports of Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in Nigeria

Price for Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in Nigeria (CIF) - 2022

In 2022, the average import price for heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam)s amounted to $20,722 per ton, waning by -10.4% against the previous year. Overall, the import price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 104%. The import price peaked at $55,336 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Belgium.

From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to +17.8% per year.

Imports of Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in Nigeria

In 2022, imports of heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam)s into Nigeria surged to 693 kg, jumping by 80% against the previous year. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 329% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam)s soared to $14K in 2022. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 156% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
BelgiumN/AN/AN/A14.40%
China5.13.27.8N/A23.7%
Germany0.30.31.0N/A82.6%
Others1.20.10.1N/A-71.1%
Total6.63.58.914.429.7%

Top Suppliers of Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) to Nigeria in 2022:

  1. Belgium (693.0 kg)

Source: IndexBox Market Intelligence Platform

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