Nigeria - Monophenols - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMonophenols Price in Nigeria - 2022
Contents:
- Monophenols Price in Nigeria (CIF) - 2022
- Monophenols Price in Nigeria (FOB) - 2022
- Monophenols Imports in Nigeria
- Monophenols Exports in Nigeria
Monophenols Price in Nigeria (CIF) - 2022
In 2022, the average monophenols import price amounted to $1,893 per ton, with an increase of 3.3% against the previous year. Overall, the import price, however, showed a mild slump. The most prominent rate of growth was recorded in 2018 an increase of 33%. Over the period under review, average import prices reached the maximum at $2,559 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($4,125 per ton), while the price for India ($922 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Monophenols Price in Nigeria (FOB) - 2022
In 2021, the average monophenols export price amounted to $132,063 per ton, remaining constant against the previous year. In general, the export price posted significant growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 60%. The export price peaked in 2021 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for South Korea.
From 2013 to 2021, the rate of growth in terms of prices for Ghana amounted to +59.9% per year.
Monophenols Imports in Nigeria
In 2022, purchases abroad of monophenols decreased by -42.5% to 575 tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 175% against the previous year. As a result, imports attained the peak of 1.3K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, monophenols imports fell dramatically to $1.1M in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 178%. As a result, imports attained the peak of $3M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Monophenols in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 195 | 636 | 414 | 250 | 8.6% |
Germany | 42.2 | 152 | 149 | 244 | 79.5% |
United States | 45.0 | 61.0 | 24.4 | 137 | 44.9% |
United Kingdom | 73.8 | 237 | 105 | 137 | 22.9% |
Spain | 0.3 | 8.0 | 13.8 | 112 | 620.1% |
Czech Republic | 96.3 | 634 | 140 | 110 | 4.5% |
India | 37.0 | 92.5 | 122 | 30.7 | -6.0% |
Netherlands | 73.3 | 193 | 128 | 1.0 | -76.1% |
South Africa | 67.3 | 416 | 208 | 1.0 | -75.4% |
Others | 446 | 560 | 528 | 64.9 | -47.4% |
Total | 1,076 | 2,989 | 1,833 | 1,088 | 0.4% |
Top Suppliers of Monophenols to Nigeria in 2022:
- Germany (189.7 tons)
- China (125.7 tons)
- Spain (75.1 tons)
- United States (58.9 tons)
- Czech Republic (35.9 tons)
- India (33.3 tons)
- United Kingdom (33.2 tons)
- Netherlands (0.9 tons)
- South Africa (0.3 tons)
Monophenols Exports in Nigeria
In 2021, approx. 12 tons of monophenols were exported from Nigeria; flattening at the year before. Overall, exports recorded a relatively flat trend pattern. The smallest decline of 99.9% was in 2020.
In value terms, monophenols exports totaled $1.6M in 2021. Over the period under review, exports showed significant growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are expected to retain growth in years to come.
Export of Monophenols in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
South Korea | N/A | N/A | 1.6 | 0% | |
Ghana | 1.1 | N/A | N/A | 0% | |
Others | N/A | N/A | N/A | 0% | |
Total | 1.1 | N/A | 1.6 | 20.6% |
Top Export Markets for Monophenols from Nigeria in 2022:
- South Korea (11.9 tons)
This report provides an in-depth analysis of the monophenols market 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 20142410 - Monophenols
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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