Price for Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms in Nigeria - 2023

Contents:

  1. Price for Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms in Nigeria (CIF) - 2022
  2. Imports of Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms in Nigeria

Price for Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms in Nigeria (CIF) - 2022

The average import price for vinyl acetate copolymers; in aqueous dispersion, in primary formses stood at $2,471 per ton in 2022, increasing by 77% against the previous year. Over the period under review, the import price posted a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2,974 per ton), while the price for South Africa stood at $2,416 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+27.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms in Nigeria

In 2022, after three years of growth, there was significant decline in purchases abroad of vinyl acetate copolymers; in aqueous dispersion, in primary formses, when their volume decreased by -51.5% to 33 tons. Over the period under review, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 138% against the previous year.

In value terms, imports of vinyl acetate copolymers; in aqueous dispersion, in primary formses shrank to $82K in 2022. In general, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 57%.

Import of Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South AfricaN/AN/AN/A72.20%
ChinaN/AN/AN/A9.70%
South Korea13.1N/AN/AN/A0%
Germany9.58.731.3N/A81.5%
United Arab EmiratesN/A28.929.1N/A0.7%
Turkey0.92.0N/AN/A122.2%
Others15.721.935.2N/A49.7%
Total39.161.495.681.927.9%

Top Suppliers of Vinyl Acetate Copolymers; in Aqueous Dispersion, in Primary Forms to Nigeria in 2022:

  1. South Africa (29.9 tons)
  2. China (3.3 tons)

Source: IndexBox Market Intelligence Platform

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