Price for Pectic Substances; Pectinates and Pectates in Nigeria - 2022

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in Nigeria (CIF) - 2022
2. Price for Pectic Substances; Pectinates and Pectates in Nigeria (FOB) - 2022
3. Imports of Pectic Substances; Pectinates and Pectates in Nigeria
4. Exports of Pectic Substances; Pectinates and Pectates in Nigeria

Price for Pectic Substances; Pectinates and Pectates in Nigeria (CIF) - 2022

In 2022, the average import price for pectic substances; pectinates and pectateses amounted to $7,800 per ton, with an increase of 2.6% against the previous year. In general, the import price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 an increase of 18%. As a result, import price reached the peak level of $19,355 per ton. From 2014 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 France ($60,532 per ton), while the price for India ($4,553 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+14.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Pectic Substances; Pectinates and Pectates in Nigeria (FOB) - 2022

In 2022, the average export price for pectic substances; pectinates and pectateses amounted to $4,250 per ton, approximately reflecting the previous year. In general, the export price recorded a abrupt curtailment. The pace of growth was the most pronounced in 2021 a decrease of 99.9%. The export price peaked at $7,859 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Ireland.

From 2013 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +35.6% per year.

Imports of Pectic Substances; Pectinates and Pectates in Nigeria

In 2022, imports of pectic substances; pectinates and pectateses into Nigeria skyrocketed to 850 tons, picking up by 80% against the previous year. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 132% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, pectic substances; pectinates and pectates imports surged to $6.6M in 2022. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 100% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Pectic Substances; Pectinates and Pectates to Nigeria in 2022:

1. India (488.1 tons)
2. Brazil (192.6 tons)
3. Denmark (82.1 tons)
4. France (36.3 tons)
5. Swaziland (33.4 tons)
6. Germany (6.6 tons)

Exports of Pectic Substances; Pectinates and Pectates in Nigeria

Pectic substances; pectinates and pectates exports from Nigeria was estimated at 96 kg in 2022, stabilizing at 2021. Overall, exports enjoyed a slight expansion. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, pectic substances; pectinates and pectates exports amounted to $408 in 2022. In general, exports saw a relatively flat trend pattern. The smallest decline of 99.9% was in 2021.

Top Export Markets for Pectic Substances; Pectinates and Pectates from Nigeria in 2022:

1. Ireland (96.0 kg)

Source: IndexBox Market Intelligence Platform