Report Update Nov 1, 2024

Nigeria - Crude Glycerol, Glycerine Waters and Lyes - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Crude Glycerol Market 2024

Crude Glycerol Market Size in Nigeria

The Nigerien crude glycerol market skyrocketed to $X in 2021, growing by 19% against the previous year. In general, consumption saw a prominent expansion. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Crude Glycerol Production in Nigeria

In value terms, crude glycerol production skyrocketed to $X in 2021 estimated in export price. In general, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 136% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Crude Glycerol Exports

Exports from Nigeria

In 2020, shipments abroad of crude glycerol, glycerine waters and lyes decreased by -6.6% to X tons, falling for the second consecutive year after four years of growth. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 397% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2020, the exports failed to regain momentum.

In value terms, crude glycerol exports reduced modestly to $X in 2020. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by 229%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X tons) was the main destination for crude glycerol exports from Nigeria, with a approx. 100% share of total exports.

From 2015 to 2020, the average annual rate of growth in terms of volume to Cote d'Ivoire totaled +905.1%.

In value terms, Cote d'Ivoire ($X) emerged as the key foreign market for crude glycerol, glycerine waters and lyes exports from Nigeria.

From 2015 to 2020, the average annual rate of growth in terms of value to Cote d'Ivoire amounted to +335.5%.

Export Prices by Country

The average crude glycerol export price stood at $X per ton in 2020, with an increase of 5.1% against the previous year. Over the period under review, the export price, however, showed a deep setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 49%. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2020, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2015 to 2020, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to -4.2% per year.

Crude Glycerol Imports

Imports into Nigeria

In 2021, overseas purchases of crude glycerol, glycerine waters and lyes decreased by -88.1% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, imports continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 206% against the previous year. Imports peaked at X tons in 2020, and then declined rapidly in the following year.

In value terms, crude glycerol imports dropped remarkably to $X in 2021. Overall, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2013 when imports increased by 136% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest crude glycerol supplier to Nigeria, accounting for a 76% share of total imports. Moreover, crude glycerol imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), sixfold. Thailand (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2021, the average annual growth rate of volume from Indonesia amounted to +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-5.8% per year) and Thailand (-16.6% per year).

In value terms, Indonesia ($X) constituted the largest supplier of crude glycerol, glycerine waters and lyes to Nigeria, comprising 62% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 14% share of total imports. It was followed by Thailand, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value from Indonesia amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-12.6% per year) and Thailand (-28.1% per year).

Import Prices by Country

The average crude glycerol import price stood at $X per ton in 2021, with an increase of 5.2% against the previous year. Overall, the import price, however, showed a deep setback. The pace of growth was the most pronounced in 2020 an increase of 34%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, 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 the UK ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+19.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude glycerol, glycerine waters and lyes in the world?

The countries with the highest volumes of crude glycerol consumption in 2020 were China, the United States and India, together accounting for 27% of global consumption. Germany, Japan, Pakistan, Brazil, Indonesia, Bangladesh, Nigeria, Mexico, the UK and the Netherlands lagged somewhat behind, together accounting for a further 25%.

What are the largest producers of crude glycerol, glycerine waters and lyes in the world?

The countries with the highest volumes of crude glycerol production in 2020 were Indonesia, the United States and Brazil, together accounting for 22% of global production. These countries were followed by India, Germany, China, Japan, Spain, Pakistan, France, Bangladesh, Nigeria and the UK, which together accounted for a further 30%.

What are the leading suppliers of crude glycerol, glycerine waters and lyes to Nigeria?

In value terms, France constituted the largest supplier of crude glycerol to Nigeria, comprising 82% of total imports. The second position in the ranking was occupied by Italy, with a 13% share of total imports.

What is the average export price for crude glycerol, glycerine waters and lyes in Nigeria?

In 2015, the average crude glycerol export price amounted to $600 per ton, therefore, remained relatively stable against the previous year.

What is the average import price for crude glycerol, glycerine waters and lyes in Nigeria?

The average crude glycerol import price stood at $621 per ton in 2020, increasing by 26% against the previous year.

This report provides an in-depth analysis of the crude glycerol 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 20411000 - Glycerol (glycerine), crude, glycerol waters and glycerol lyes

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