Price for Rosin; Salts of Rosin or of Resin Acids in Nigeria - 2022
Contents:
- Price for Rosin; Salts of Rosin or of Resin Acids in Nigeria (CIF) - 2022
- Price for Rosin; Salts of Rosin or of Resin Acids in Nigeria (FOB) - 2022
- Imports of Rosin; Salts of Rosin or of Resin Acids in Nigeria
- Exports of Rosin; Salts of Rosin or of Resin Acids in Nigeria
Price for Rosin; Salts of Rosin or of Resin Acids in Nigeria (CIF) - 2022
In 2022, the average import price for rosin; salts of rosin or of resin acidses amounted to $1,007 per ton, with an increase of 3.6% against the previous year. In general, the import price, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2017 an increase of 25%. Over the period under review, average import prices attained the maximum at $1,438 per ton in 2012; however, from 2013 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 China ($2,706 per ton), while the price for India ($263 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the prices for the other major suppliers experienced a decline.
Price for Rosin; Salts of Rosin or of Resin Acids in Nigeria (FOB) - 2022
The average export price for rosin; salts of rosin or of resin acidses stood at $8,167 per ton in 2022, surging by 11% against the previous year. Over the period under review, the export price showed significant growth. The growth pace was the most rapid in 2013 an increase of 93% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 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 Ghana.
From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to +38.8% per year.
Imports of Rosin; Salts of Rosin or of Resin Acids in Nigeria
In 2022, the amount of rosin; salts of rosin or of resin acidses imported into Nigeria soared to 10 tons, growing by 122% on 2021. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 733%. As a result, imports attained the peak of 32 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of rosin; salts of rosin or of resin acidses surged to $10K in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 747%. As a result, imports attained the peak of $26K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Rosin; Salts of Rosin or of Resin Acids in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.4 | 15.7 | 3.2 | 7.7 | 47.5% |
| India | 0.5 | 3.4 | 0.7 | 1.7 | 50.4% |
| Senegal | 0.1 | 1.7 | 0.2 | 1.0 | 115.4% |
| Italy | N/A | 5.1 | 0.4 | N/A | -92.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.1 | 25.9 | 4.5 | 10.4 | 49.7% |
Top Suppliers of Rosin; Salts of Rosin or of Resin Acids to Nigeria in 2022:
- India (6.5 tons)
- China (2.8 tons)
- Senegal (1.0 tons)
Exports of Rosin; Salts of Rosin or of Resin Acids in Nigeria
For the third year in a row, Nigeria recorded decline in overseas shipments of rosin; salts of rosin or of resin acidses, which decreased by -20% to 12 kg in 2022. Overall, exports recorded a precipitous slump.
In value terms, exports of rosin; salts of rosin or of resin acidses fell to $98 in 2022. Over the period under review, exports continue to indicate a abrupt downturn. The smallest decline of -10.6% was in 2021.
| Export of Rosin; Salts of Rosin or of Resin Acids in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 138 | 123 | 110 | 98.0 | -10.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 138 | 123 | 110 | 98.0 | -10.8% |
Top Export Markets for Rosin; Salts of Rosin or of Resin Acids from Nigeria in 2022:
- Ghana (12.0 kg)
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This report provides an in-depth analysis of the market for rosin and resin acids in Nigeria.
764
This report provides an in-depth analysis of the global market for rosin and resin acids.
405
This report provides an in-depth analysis of the market for rosin and resin acids in Nigeria.
764
This report provides an in-depth analysis of the global market for rosin and resin acids.
684
In value terms, rosin and resin acids and derivatives thereof imports amounted to $X in 2016. In general, rosin and resin acids and derivatives thereof imports continue to indicate a relatively fla...
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In value terms, rosin and resin acids and derivatives thereof exports totaled $X in 2016. Overall, it indicated a slight growth from 2007 to 2016: the total exports value decreased at an average an...
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In value terms, rosin and resin acids and derivatives thereof imports amounted to $X in 2016. In general, rosin and resin acids and derivatives thereof imports continue to indicate a relatively fla...
690
In value terms, rosin and resin acids and derivatives thereof exports totaled $X in 2016. Overall, it indicated a slight growth from 2007 to 2016: the total exports value decreased at an average an...
