Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Nigeria - 2022
Contents:
- Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Nigeria (CIF) - 2022
- Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Nigeria
Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Nigeria (CIF) - 2022
In 2022, the average import price for alcohols; aromatic alcohols and derivatives, benzyl alcohol amounted to $3,188 per ton, surging by 4.9% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 34% against the previous year. The import price peaked at $3,844 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($6,950 per ton), while the price for the UK ($2,134 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Nigeria
In 2022, after three years of growth, there was significant decline in supplies from abroad of alcohols; aromatic alcohols and derivatives, benzyl alcohol, when their volume decreased by -40.3% to 21 tons. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 399%. As a result, imports reached the peak of 35 tons, and then dropped remarkably in the following year.
In value terms, imports of alcohols; aromatic alcohols and derivatives, benzyl alcohol declined significantly to $66K in 2022. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 294%. As a result, imports reached the peak of $105K, and then fell markedly in the following year.
| Import of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | N/A | 14.7 | 0% |
| Belgium | N/A | N/A | 6.9 | 9.4 | 36.2% |
| Germany | 4.6 | 9.0 | 5.7 | 5.9 | 8.7% |
| United Kingdom | N/A | N/A | 30.0 | 3.2 | -89.3% |
| China | N/A | 0.9 | N/A | 2.3 | 59.9% |
| India | 6.2 | 6.5 | 49.0 | 0.7 | -51.7% |
| Others | 6.4 | 10.3 | 13.8 | 29.9 | 67.2% |
| Total | 17.2 | 26.7 | 105 | 66.0 | 56.6% |
Top Suppliers of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol to Nigeria in 2022:
- Spain (4.9 tons)
- Belgium (3.4 tons)
- United Kingdom (1.5 tons)
- Germany (0.8 tons)
- China (0.6 tons)
- India (0.3 tons)
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