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Nigeria - Refined or Synthetic Glycerol - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Refined or Synthetic Glycerol in Nigeria - 2022
Contents:
- Price for Refined or Synthetic Glycerol in Nigeria (CIF) - 2022
- Price for Refined or Synthetic Glycerol in Nigeria (FOB) - 2022
- Imports of Refined or Synthetic Glycerol in Nigeria
- Exports of Refined or Synthetic Glycerol in Nigeria
Price for Refined or Synthetic Glycerol in Nigeria (CIF) - 2022
The average refined or synthetic glycerol import price stood at $2,646 per ton in June 2022, jumping by 34% against the previous month. In general, the import price showed resilient growth. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 92% month-to-month. The import price peaked in June 2022.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($6,206 per ton), while the price for Brazil ($1,211 per ton) was amongst the lowest.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refined or Synthetic Glycerol in Nigeria (FOB) - 2022
In 2022, the average refined or synthetic glycerol export price amounted to $1,276 per ton, with a decrease of -6.8% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 53% against the previous year. Over the period under review, the average export prices reached the maximum at $1,370 per ton in 2021, and then shrank in the following year.
As there is only one major export destination, the average price level is determined by prices for Cameroon.
From 2012 to 2022, the rate of growth in terms of prices for Cameroon amounted to +0.3% per year.
Imports of Refined or Synthetic Glycerol in Nigeria
In 2022, supplies from abroad of refined or synthetic glycerol decreased by -50.5% to 3.3K tons, falling for the second year in a row after two years of growth. Overall, imports saw a precipitous descent. The pace of growth was the most pronounced in 2020 when imports increased by 46%. As a result, imports reached the peak of 11K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, refined or synthetic glycerol imports expanded notably to $7.7M in 2022. The total import value increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 49% against the previous year. As a result, imports reached the peak of $8.7M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Refined or Synthetic Glycerol in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 429 | 1,993 | 2,706 | 2,637 | 83.2% |
Indonesia | 1,042 | 1,790 | 904 | 1,147 | 3.3% |
Malaysia | 1,616 | 1,571 | 523 | 1,135 | -11.1% |
Australia | 515 | 501 | 409 | 371 | -10.4% |
Thailand | 125 | 278 | 249 | 247 | 25.5% |
United Kingdom | 140 | 178 | 190 | 226 | 17.3% |
Saudi Arabia | 401 | 55.3 | 190 | 203 | -20.3% |
South Korea | 156 | 137 | 67.1 | 111 | -10.7% |
Others | 1,426 | 2,237 | 1,726 | 1,594 | 3.8% |
Total | 5,849 | 8,740 | 6,964 | 7,670 | 9.5% |
Top Suppliers of Refined or Synthetic Glycerol to Nigeria in 2022:
- Brazil (2738.2 tons)
- Indonesia (698.8 tons)
- Malaysia (671.8 tons)
- Thailand (356.4 tons)
- Australia (333.2 tons)
- Saudi Arabia (306.5 tons)
- United Kingdom (290.6 tons)
- South Korea (73.7 tons)
Exports of Refined or Synthetic Glycerol in Nigeria
In 2022, approx. 174 kg of refined or synthetic glycerol were exported from Nigeria; with a decrease of -32.3% on the previous year's figure. Over the period under review, exports recorded a dramatic slump. The most prominent rate of growth was recorded in 2021 when exports increased by 186% against the previous year.
In value terms, refined or synthetic glycerol exports reduced sharply to $222 in 2022. In general, exports faced a precipitous decline. The most prominent rate of growth was recorded in 2021 when exports increased by 287% against the previous year.
Export of Refined or Synthetic Glycerol in Nigeria (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cameroon | 2,468 | 53.0 | 88.0 | 222 | -55.2% |
Benin | N/A | 38.0 | 27.0 | N/A | -28.9% |
Others | N/A | N/A | 237 | N/A | 0% |
Total | 2,468 | 91.0 | 352 | 222 | -55.2% |
Top Export Markets for Refined or Synthetic Glycerol from Nigeria in 2022:
- Cameroon (174.0 kg)
This report provides an in-depth analysis of the market for refined or synthetic glycerol in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20142360 - Glycerol (including synthetic, excluding crude, waters and lyes)
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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