Report Update Nov 1, 2024

Nigeria - Ethylbenzene - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Ethylbenzene Market 2024

Ethylbenzene Market Size in Nigeria

The Nigerien ethylbenzene market stood at less than $X in 2022, approximately equating the previous year. Overall, consumption saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with a decrease of 99.9% against the previous year. Ethylbenzene consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Ethylbenzene Production in Nigeria

In value terms, ethylbenzene production reduced dramatically to less than $X in 2022 estimated in export price. In general, production showed significant growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 532% against the previous year. Over the period under review, production hit record highs at $X in 2021, and then declined significantly in the following year.

Ethylbenzene Imports

Imports into Nigeria

In 2021, approx. X tons of ethylbenzene were imported into Nigeria; growing by 580% on the previous year. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ethylbenzene imports soared to $X in 2021. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of ethylbenzene to Nigeria, with a 70% share of total imports. Moreover, ethylbenzene imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold.

From 2019 to 2021, the average annual rate of growth in terms of volume from China was relatively modest.

In value terms, the largest ethylbenzene suppliers to Nigeria were China ($X) and Japan ($X).

Among the main suppliers, Japan, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average ethylbenzene import price stood at $X per ton in 2021, rising by 84% against the previous year. In general, the import price enjoyed a significant increase. The growth pace was the most rapid in 2020 when the average import price increased by 516%. The import price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China amounted to $X per ton.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+515.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ethylbenzene in the world?

The countries with the highest volumes of in 2021 were Russia, the Netherlands and Poland, together accounting for 79% of global consumption. The UK, Belgium, Oman and the United States lagged somewhat behind, together comprising a further 16%.

What are the largest producers of ethylbenzene in the world?

The countries with the highest volumes of in 2021 were Russia, Belgium and the UK, together comprising 82% of global production. These countries were followed by the Czech Republic, the United States, Oman and France, which together accounted for a further 16%.

What are the leading suppliers of ethylbenzene to Nigeria?

In value terms, the United States constituted the largest supplier of ethylbenzene to Nigeria.

What is the average export price for ethylbenzene in Nigeria?

The average ethylbenzene export price stood at $885 per ton in 2017, remaining relatively unchanged against the previous year.

What is the average import price for ethylbenzene in Nigeria?

In 2020, the average ethylbenzene import price amounted to $343 per ton, jumping by 30% against the previous year.

This report provides an in-depth analysis of the ethylbenzene market 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 20141260 - Ethylbenzene

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023