Nigeria - Polyethylene Terephthalate (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Polyethylene Terephthalate and Other Polyethylene Terephthalate in Primary Forms in Nigeria - 2022
Contents:
- Price for Polyethylene Terephthalate and Other Polyethylene Terephthalate in Primary Forms in Nigeria (CIF) - 2022
- Price for Polyethylene Terephthalate and Other Polyethylene Terephthalate in Primary Forms in Nigeria (FOB) - 2022
- Imports of Polyethylene Terephthalate and Other Polyethylene Terephthalate in Primary Forms in Nigeria
- Exports of Polyethylene Terephthalate and Other Polyethylene Terephthalate in Primary Forms in Nigeria
Price for Polyethylene Terephthalate and Other Polyethylene Terephthalate in Primary Forms in Nigeria (CIF) - 2022
In December 2021, the average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $1,311 per ton, increasing by 5% against the previous month. Over the period under review, import price indicated a buoyant increase from January 2021 to December 2021: its price increased at an average monthly rate of +5.1% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms decreased by -1.0% against October 2021 indices. The pace of growth was the most pronounced in June 2021 an increase of 21% m-o-m. Over the period under review, average import prices reached the peak figure at $1,324 per ton in October 2021; afterwards, it flattened through to December 2021.
Average prices varied somewhat amongst the major supplying countries. In December 2021, the countries with the highest prices were Thailand ($1,447 per ton) and India ($1,392 per ton), while the price for South Korea ($1,137 per ton) and China ($1,308 per ton) were amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Thailand (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Polyethylene Terephthalate and Other Polyethylene Terephthalate in Primary Forms in Nigeria (FOB) - 2022
The average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $419 per ton in 2022, reducing by -20.2% against the previous year. Over the period under review, the export price recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 an increase of 23% against the previous year. Over the period under review, the average export prices reached the maximum at $1,571 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($1,642 per ton), while the average price for exports to India ($296 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (-4.6%), while the prices for the other major destinations experienced a decline.
Imports of Polyethylene Terephthalate and Other Polyethylene Terephthalate in Primary Forms in Nigeria
In 2022, the amount of polyethylene terephthalate and other polyethylene terephthalate in primary forms imported into Nigeria totaled 323K tons, stabilizing at the previous year. The total import volume increased at an average annual rate of +11.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 40% against the previous year. As a result, imports reached the peak of 326K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms reduced to $293M in 2022. The total import value increased at an average annual rate of +7.0% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 16% against the previous year.
| Import of Polyethylene Terephthalate and Other Polyethylene Terephthalate in Primary Forms in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 193 | 174 | 225 | 209 | 2.7% |
| India | 9.8 | 59.1 | 46.7 | 43.3 | 64.1% |
| Australia | 6.1 | 7.8 | 8.6 | 9.6 | 16.3% |
| Thailand | 7.7 | 14.4 | 5.7 | 8.2 | 2.1% |
| Oman | 8.1 | 5.5 | 5.7 | 5.7 | -11.1% |
| Egypt | 3.6 | 3.7 | 3.3 | 4.4 | 6.9% |
| Others | 10.4 | 12.5 | 13.0 | 12.7 | 6.9% |
| Total | 239 | 277 | 308 | 293 | 7.0% |
Top Suppliers of Polyethylene Terephthalate and Other Polyethylene Terephthalate in Primary Forms to Nigeria in 2022:
- China (235.9K tons)
- India (44.0K tons)
- Thailand (10.8K tons)
- Oman (7.2K tons)
- Australia (6.7K tons)
- Egypt (5.7K tons)
Exports of Polyethylene Terephthalate and Other Polyethylene Terephthalate in Primary Forms in Nigeria
In 2022, overseas shipments of polyethylene terephthalate and other polyethylene terephthalate in primary forms increased by 59% to 1.9K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a deep slump.
In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms skyrocketed to $811K in 2022. Overall, exports, however, faced a abrupt contraction.
| Export of Polyethylene Terephthalate and Other Polyethylene Terephthalate in Primary Forms in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 184 | 176 | 129 | 235 | 8.5% |
| United States | 389 | 370 | 186 | 218 | -17.6% |
| India | 590 | 23.3 | 36.8 | 171 | -33.8% |
| China | 77.4 | 67.6 | 45.6 | 75.8 | -0.7% |
| Belgium | 53.2 | 36.4 | 19.2 | 25.0 | -22.3% |
| Ghana | 62.5 | 40.0 | 19.8 | 24.1 | -27.2% |
| Malaysia | 74.9 | N/A | N/A | N/A | 0% |
| United Kingdom | N/A | 173 | 5.3 | N/A | -96.9% |
| Others | 104 | 95.6 | 199 | 62.3 | -15.7% |
| Total | 1,536 | 982 | 640 | 811 | -19.2% |
Top Export Markets for Polyethylene Terephthalate and Other Polyethylene Terephthalate in Primary Forms from Nigeria in 2022:
- India (577.4 tons)
- United States (496.9 tons)
- Cote d'Ivoire (464.7 tons)
- China (199.7 tons)
- Belgium (83.7 tons)
- Ghana (55.7 tons)
This report provides an in-depth analysis of the market for polyethylene terephthalate and other polyethylene terephthalate in primary forms 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 20164062 - Polyethylene terephthalate in primary forms having a viscosity number of . .78 ml/g
- Prodcom 20164064 - Other polyethylene terephthalate in primary forms
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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