Price for Vinyl Chloride Polymers; Waste, Parings and Scrap in Nigeria - 2022
Contents:
- Price for Vinyl Chloride Polymers; Waste, Parings and Scrap in Nigeria (CIF) - 2022
- Price for Vinyl Chloride Polymers; Waste, Parings and Scrap in Nigeria (FOB) - 2022
- Imports of Vinyl Chloride Polymers; Waste, Parings and Scrap in Nigeria
- Exports of Vinyl Chloride Polymers; Waste, Parings and Scrap in Nigeria
Price for Vinyl Chloride Polymers; Waste, Parings and Scrap in Nigeria (CIF) - 2022
In 2022, the average import price for vinyl chloride polymers; waste, parings and scraps amounted to $946 per ton, falling by -1.8% against the previous year. Over the period under review, the import price showed a noticeable reduction. The most prominent rate of growth was recorded in 2018 an increase of 45% against the previous year. The import price peaked at $1,317 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($1,147 per ton), while the price for China stood at $790 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.0%), while the prices for the other major suppliers experienced a decline.
Price for Vinyl Chloride Polymers; Waste, Parings and Scrap in Nigeria (FOB) - 2022
In 2022, the average export price for vinyl chloride polymers; waste, parings and scraps amounted to $103 per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price showed a abrupt setback. Over the period under review, the average export prices attained the maximum at $589 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($255 per ton), while the average price for exports to Thailand ($70 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (-3.4%).
Imports of Vinyl Chloride Polymers; Waste, Parings and Scrap in Nigeria
In 2022, purchases abroad of vinyl chloride polymers; waste, parings and scraps decreased by -77.2% to 170 tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a dramatic downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 12% against the previous year. As a result, imports reached the peak of 3.4K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of vinyl chloride polymers; waste, parings and scraps contracted rapidly to $161K in 2022. Overall, imports showed a significant decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 56% against the previous year. As a result, imports reached the peak of $4.4M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Vinyl Chloride Polymers; Waste, Parings and Scrap in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 52.8 | 43.8 | 13.5 | 85.1 | 17.2% |
| China | 1,050 | 625 | 54.2 | 75.8 | -58.4% |
| South Korea | 47.4 | 48.4 | 22.4 | N/A | -31.3% |
| Japan | 19.5 | 21.6 | 10.9 | N/A | -25.2% |
| United States | 829 | 2,727 | 153 | N/A | -57.0% |
| India | 20.2 | 16.3 | 6.0 | N/A | -45.5% |
| United Arab Emirates | 40.2 | 40.9 | 18.8 | N/A | -31.6% |
| Algeria | 337 | 406 | 222 | N/A | -18.8% |
| Taiwan (Chinese) | 126 | 134 | 64.5 | N/A | -28.5% |
| Canada | 63.1 | 70.4 | 35.6 | N/A | -24.9% |
| Others | 214 | 222 | 118 | N/A | -25.7% |
| Total | 2,799 | 4,354 | 718 | 161 | -61.4% |
Top Suppliers of Vinyl Chloride Polymers; Waste, Parings and Scrap to Nigeria in 2022:
- China (95.9 tons)
- Hong Kong SAR (74.2 tons)
Exports of Vinyl Chloride Polymers; Waste, Parings and Scrap in Nigeria
Exports of vinyl chloride polymers; waste, parings and scraps from Nigeria contracted notably to 120 tons in 2022, waning by -50% on the previous year's figure. In general, exports continue to indicate a sharp contraction.
In value terms, exports of vinyl chloride polymers; waste, parings and scraps shrank significantly to $12K in 2022. Overall, exports continue to indicate a precipitous decrease.
| Export of Vinyl Chloride Polymers; Waste, Parings and Scrap in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| China | 18.0 | 6.8 | -62.2% | ||
| Portugal | 3.4 | 4.1 | 20.6% | ||
| Thailand | N/A | 1.5 | 0% | ||
| Spain | 0.3 | N/A | 0% | ||
| United Kingdom | 0.4 | N/A | 0% | ||
| United Arab Emirates | 2.1 | N/A | 0% | ||
| United States | 0.5 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 24.8 | 12.4 | -50.0% | ||
Top Export Markets for Vinyl Chloride Polymers; Waste, Parings and Scrap from Nigeria in 2022:
- China (82.6 tons)
- Thailand (21.6 tons)
- Portugal (16.2 tons)
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