Price for Styrene Polymers; Waste, Parings and Scrap in Nigeria - 2023

Contents:

1. Price for Styrene Polymers; Waste, Parings and Scrap in Nigeria (CIF) - 2022
2. Price for Styrene Polymers; Waste, Parings and Scrap in Nigeria (FOB) - 2022
3. Imports of Styrene Polymers; Waste, Parings and Scrap in Nigeria
4. Exports of Styrene Polymers; Waste, Parings and Scrap in Nigeria

Price for Styrene Polymers; Waste, Parings and Scrap in Nigeria (CIF) - 2022

In 2022, the average import price for styrene polymers; waste, parings and scraps amounted to $895 per ton, picking up by 8.6% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 128% against the previous year. As a result, import price reached the peak level of $2,225 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($1,415 per ton), while the price for Kenya ($42 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.0%).

Price for Styrene Polymers; Waste, Parings and Scrap in Nigeria (FOB) - 2022

In 2022, the average export price for styrene polymers; waste, parings and scraps amounted to $279 per ton, waning by -12.3% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The export price peaked at $734 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +5.3% per year.

Imports of Styrene Polymers; Waste, Parings and Scrap in Nigeria

For the third consecutive year, Nigeria recorded decline in purchases abroad of styrene polymers; waste, parings and scraps, which decreased by -4.4% to 835 tons in 2022. In general, imports saw a dramatic decrease.

In value terms, imports of styrene polymers; waste, parings and scraps expanded slightly to $748K in 2022. Overall, imports saw a dramatic contraction.

Top Suppliers of Styrene Polymers; Waste, Parings and Scrap to Nigeria in 2022:

1. China (774.2 tons)
2. Kenya (27.7 tons)
3. United Kingdom (16.5 tons)

Exports of Styrene Polymers; Waste, Parings and Scrap in Nigeria

Exports of styrene polymers; waste, parings and scraps from Nigeria surged to 47 tons in 2022, jumping by 211,491% against 2021. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of styrene polymers; waste, parings and scraps skyrocketed to $13K in 2022. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Styrene Polymers; Waste, Parings and Scrap from Nigeria in 2022:

1. Taiwan (Chinese) (46.5 tons)

Source: IndexBox Market Intelligence Platform