Nigeria: Market for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function 2024

Market Size for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function in Nigeria

In 2022, the Nigerien market for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function decreased by -41.9% to $X, falling for the second year in a row after three years of growth. Overall, consumption saw a abrupt descent. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Exports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Exports from Nigeria

In 2019, butanal butanal and acyclic aldehydes exports from Nigeria amounted to X kg, therefore, remained relatively stable against 2018 figures. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 40% against the previous year. The exports peaked at X kg in 2015; however, from 2016 to 2019, the exports failed to regain momentum.

In value terms, butanal butanal and acyclic aldehydes exports totaled $X in 2019. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 64% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2019, the exports remained at a lower figure.

Exports by Country

South Africa (X kg) was the main destination for butanal butanal and acyclic aldehydes exports from Nigeria, with a approx. 100% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to South Africa was relatively modest.

From 2012 to 2019, the average annual rate of growth in terms of value to South Africa was relatively modest.

Export Prices by Country

In 2019, the average export price for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function amounted to $X per ton, remaining constant against the previous year. In general, the export price showed a resilient expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices reached the maximum in 2019 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 South Africa.

From 2012 to 2019, the rate of growth in terms of prices for Cote d'Ivoire amounted to 0.0% per year.

Imports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Imports into Nigeria

In 2022, supplies from abroad of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function decreased by -39.2% to X tons, falling for the second consecutive year after three years of growth. In general, imports recorded a pronounced setback. The pace of growth appeared the most rapid in 2020 with an increase of 211%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, butanal butanal and acyclic aldehydes imports shrank remarkably to $X in 2022. Over the period under review, imports showed a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by 221%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), the United States (X tons) and China (X tons) were the main suppliers of butanal butanal and acyclic aldehydes imports to Nigeria, together accounting for 42% of total imports. Belgium, Italy, South Africa, Germany and the UK lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of +22.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function to Nigeria, comprising 23% of total imports. The second position in the ranking was taken by Belgium ($X), with a 7% share of total imports. It was followed by China, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value from France totaled -15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-25.4% per year) and China (+7.2% per year).

Import Prices by Country

The average import price for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function stood at $X per ton in 2022, dropping by -9.8% against the previous year. Over the period under review, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by 28% against the previous year. Over the period under review, average import prices reached the maximum at $X 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 South Africa ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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