Price for Polyphenols; Resorcinol and Its Salts in Nigeria - 2022
Contents:
- Price for Polyphenols; Resorcinol and Its Salts in Nigeria (CIF) - 2022
- Imports of Polyphenols; Resorcinol and Its Salts in Nigeria
Price for Polyphenols; Resorcinol and Its Salts in Nigeria (CIF) - 2022
The average import price for polyphenols; resorcinol and its saltses stood at $9,468 per ton in 2022, with a decrease of -28.9% against the previous year. Overall, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of 52%. As a result, import price attained the peak level of $51,383 per ton. From 2019 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 China ($9,855 per ton), while the price for Germany totaled $5,676 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.7%).
Imports of Polyphenols; Resorcinol and Its Salts in Nigeria
In 2022, the amount of polyphenols; resorcinol and its saltses imported into Nigeria soared to 3.4 tons, increasing by 35% against the year before. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 100% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, polyphenols; resorcinol and its salts imports declined to $32K in 2022. The total import value increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 24% against the previous year.
| Import of Polyphenols; Resorcinol and Its Salts in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 22.0 | 29.0 | 30.9 | 29.9 | 10.8% |
| Germany | 2.1 | 1.5 | 2.3 | 2.0 | -1.6% |
| Others | 0.6 | 0.2 | 0.3 | 0.2 | -30.7% |
| Total | 24.7 | 30.7 | 33.5 | 32.1 | 9.1% |
Top Suppliers of Polyphenols; Resorcinol and Its Salts to Nigeria in 2022:
- China (3.0 tons)
- Germany (0.4 tons)
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