Price for Pitch; Obtained from Coal Tar or from Other Mineral Tars in Nigeria - 2022
Contents:
- Price for Pitch; Obtained from Coal Tar or from Other Mineral Tars in Nigeria (CIF) - 2022
- Price for Pitch; Obtained from Coal Tar or from Other Mineral Tars in Nigeria (FOB) - 2022
- Imports of Pitch; Obtained from Coal Tar or from Other Mineral Tars in Nigeria
- Exports of Pitch; Obtained from Coal Tar or from Other Mineral Tars in Nigeria
Price for Pitch; Obtained from Coal Tar or from Other Mineral Tars in Nigeria (CIF) - 2022
The average import price for pitch; obtained from coal tar or from other mineral tarses stood at $631 per ton in 2022, surging by 2.6% against the previous year. In general, the import price, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2017 when the average import price increased by 8.9% against the previous year. Over the period under review, average import prices hit record highs at $3,448 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($640 per ton), while the price for India totaled $90 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-15.5%).
Price for Pitch; Obtained from Coal Tar or from Other Mineral Tars in Nigeria (FOB) - 2022
The average export price for pitch; obtained from coal tar or from other mineral tarses stood at $509 per ton in 2022, increasing by 82% against the previous year. Over the period under review, the export price saw significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2017 to 2022, the rate of growth in terms of prices for Cameroon amounted to 0.0% per year.
Imports of Pitch; Obtained from Coal Tar or from Other Mineral Tars in Nigeria
In 2022, after three years of growth, there was decline in overseas purchases of pitch; obtained from coal tar or from other mineral tarses, when their volume decreased by -1.5% to 28 tons. Over the period under review, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 66% against the previous year. As a result, imports attained the peak of 28 tons, and then reduced slightly in the following year.
In value terms, imports of pitch; obtained from coal tar or from other mineral tarses amounted to $17K in 2022. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 79%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Pitch; Obtained from Coal Tar or from Other Mineral Tars in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.2 | 9.6 | 17.2 | 17.4 | 34.2% |
| India | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.2 | 9.6 | 17.2 | 17.4 | 34.2% |
Top Suppliers of Pitch; Obtained from Coal Tar or from Other Mineral Tars to Nigeria in 2022:
- China (27.1 tons)
- India (0.5 tons)
Exports of Pitch; Obtained from Coal Tar or from Other Mineral Tars in Nigeria
In 2022, exports of pitch; obtained from coal tar or from other mineral tarses from Nigeria surged to 13 tons, growing by 217% against the year before. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of pitch; obtained from coal tar or from other mineral tarses skyrocketed to $6.5K in 2022. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Pitch; Obtained from Coal Tar or from Other Mineral Tars in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Niger | N/A | 6.5 | 0% | ||
| Cameroon | 1.1 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 1.1 | 6.5 | 490.9% | ||
Top Export Markets for Pitch; Obtained from Coal Tar or from Other Mineral Tars from Nigeria in 2022:
- Niger (12.9 tons)
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In value terms, pitch and pitch coke imports totaled $X in 2016. In general, pitch and pitch coke imports continue to indicate a drastic downturn. In that year, global pitch and pitch coke imports ...
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