Price for Colouring Matter; Ultramarine and Preparations Based Thereon in Nigeria - 2023
Contents:
- Price for Colouring Matter; Ultramarine and Preparations Based Thereon in Nigeria (CIF) - 2022
- Price for Colouring Matter; Ultramarine and Preparations Based Thereon in Nigeria (FOB) - 2022
- Imports of Colouring Matter; Ultramarine and Preparations Based Thereon in Nigeria
- Exports of Colouring Matter; Ultramarine and Preparations Based Thereon in Nigeria
Price for Colouring Matter; Ultramarine and Preparations Based Thereon in Nigeria (CIF) - 2022
The average import price for colouring matter; ultramarine and preparations based therea stood at $1,625 per ton in 2022, growing by 5.9% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 51% against the previous year. The import price peaked at $4,256 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for Greece amounted to +88.6% per year.
Price for Colouring Matter; Ultramarine and Preparations Based Thereon in Nigeria (FOB) - 2022
The average export price for colouring matter; ultramarine and preparations based therea stood at $4,004 per ton in 2022, surging by 56% against the previous year. In general, the export price continues to indicate a strong expansion. The growth pace was the most rapid in 2014 an increase of 62% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Brazil.
From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to +17.8% per year.
Imports of Colouring Matter; Ultramarine and Preparations Based Thereon in Nigeria
Imports of colouring matter; ultramarine and preparations based therea into Nigeria skyrocketed to 326 tons in 2022, jumping by 15% compared with the previous year. The total import volume increased at an average annual rate of +14.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 34%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of colouring matter; ultramarine and preparations based therea skyrocketed to $529K in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Colouring Matter; Ultramarine and Preparations Based Thereon in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 178 | 209 | 412 | 529 | 43.8% |
| China | 167 | 170 | N/A | N/A | 1.8% |
| Others | 2.0 | 0.4 | 22.0 | 0.5 | -37.0% |
| Total | 347 | 379 | 434 | 529 | 15.1% |
Top Suppliers of Colouring Matter; Ultramarine and Preparations Based Thereon to Nigeria in 2022:
- India (325.1 tons)
Exports of Colouring Matter; Ultramarine and Preparations Based Thereon in Nigeria
After two years of decline, overseas shipments of colouring matter; ultramarine and preparations based therea decreased by -28.3% to 8.6 tons in 2022. Overall, exports, however, continue to indicate a notable increase.
In value terms, exports of colouring matter; ultramarine and preparations based therea rose sharply to $35K in 2022. In general, exports, however, posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Colouring Matter; Ultramarine and Preparations Based Thereon in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 16.7 | N/A | 30.9 | 34.6 | 27.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 16.7 | N/A | 30.9 | 34.6 | 27.5% |
Top Export Markets for Colouring Matter; Ultramarine and Preparations Based Thereon from Nigeria in 2022:
- Brazil (8.6 tons)
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