Nigeria: Market for Oils And Other Products Of The Distillation Of High Temperature Coal Tar 2025

Market Size for Oils And Other Products Of The Distillation Of High Temperature Coal Tar in Nigeria

The Nigerien oils from coal tar market reduced remarkably to $X in 2021, waning by -96.1% against the previous year. Overall, consumption saw a sharp curtailment. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Oils And Other Products Of The Distillation Of High Temperature Coal Tar in Nigeria

In value terms, oils from coal tar production dropped to $X in 2021 estimated in export price. Overall, production saw a noticeable contraction. The pace of growth was the most pronounced in 2017 when the production volume increased by 37% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

Exports from Nigeria

In 2021, the amount of oils and other products of the distillation of high temperature coal tar exported from Nigeria rose notably to X tons, picking up by 8.7% against the previous year. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 889% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, oils from coal tar exports surged to $X in 2021. Overall, exports saw a significant increase. The growth pace was the most rapid in 2016 with an increase of 344%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for oils from coal tar exports from Nigeria, with a 174% share of total exports. Moreover, oils from coal tar exports to Belgium exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium stood at +77.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+18.2% per year) and the Netherlands (+70.3% per year).

In value terms, Belgium ($X) remains the key foreign market for oils and other products of the distillation of high temperature coal tar exports from Nigeria, comprising 79% of total exports. The second position in the ranking was held by the United States ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium totaled +54.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+10.9% per year) and the Netherlands (+56.1% per year).

Export Prices by Country

In 2021, the average oils from coal tar export price amounted to $X per ton, increasing by 13% against the previous year. In general, the export price, however, recorded a abrupt downturn. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-6.1%), while the prices for the other major destinations experienced a decline.

Imports of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

Imports into Nigeria

After two years of growth, supplies from abroad of oils and other products of the distillation of high temperature coal tar decreased by -9.3% to X tons in 2021. Overall, imports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2014 when imports increased by 233% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, oils from coal tar imports expanded remarkably to $X in 2021. Over the period under review, imports, however, recorded a resilient expansion. The growth pace was the most rapid in 2014 when imports increased by 132% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Estonia (X tons) constituted the largest oils from coal tar supplier to Nigeria, with a 45% share of total imports. Moreover, oils from coal tar imports from Estonia exceeded the figures recorded by the second-largest supplier, the UK (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Estonia totaled +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+11.3% per year) and the Netherlands (+13.8% per year).

In value terms, Estonia ($X) constituted the largest supplier of oils and other products of the distillation of high temperature coal tar to Nigeria, comprising 34% of total imports. The second position in the ranking was taken by the UK ($X), with a 14% share of total imports. It was followed by Belgium, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value from Estonia totaled +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+19.0% per year) and Belgium (+14.1% per year).

Import Prices by Country

The average oils from coal tar import price stood at $X per ton in 2021, picking up by 17% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 68%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 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 Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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