Report Update Nov 1, 2024

Nigeria - Polyphenols and Phenol-Alcohols - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in Nigeria

The Nigerien polyphenols and phenol-alcohols market was estimated at $X in 2022, stabilizing at the previous year. Overall, consumption saw a strong increase. Polyphenols and phenol-alcohols consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Polyphenols And Phenol-Alcohols Production in Nigeria

In value terms, polyphenols and phenol-alcohols production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 85% against the previous year. Polyphenols and phenol-alcohols production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Polyphenols And Phenol-Alcohols Exports

Exports from Nigeria

In 2020, approx. X tons of polyphenols and phenol-alcohols were exported from Nigeria; approximately mirroring the year before. Overall, exports showed a significant expansion. The smallest decline of 99.9% was in 2016. Over the period under review, the exports reached the maximum in 2020 and are expected to retain growth in the immediate term.

In value terms, polyphenols and phenol-alcohols exports stood at $X in 2020. In general, exports recorded a significant increase. The smallest decline of 99.9% was in 2016. The exports peaked in 2020 and are likely to see steady growth in the near future.

Exports by Country

Cote d'Ivoire (X tons) was the main destination for polyphenols and phenol-alcohols exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2013 to 2020, the average annual growth rate of volume to Cote d'Ivoire was relatively modest.

From 2013 to 2020, the average annual growth rate of value to Cote d'Ivoire was relatively modest.

Export Prices by Country

In 2020, the average polyphenols and phenol-alcohols export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 a decrease of 99.9%. The export price peaked in 2020 and is expected to retain growth in years to come.

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

From 2013 to 2020, the rate of growth in terms of prices for Cote d'Ivoire amounted to 0.0% per year.

Polyphenols And Phenol-Alcohols Imports

Imports into Nigeria

In 2022, imports of polyphenols and phenol-alcohols into Nigeria soared to X tons, picking up by 18% on the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 230%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, polyphenols and phenol-alcohols imports skyrocketed to $X in 2022. Overall, imports saw a tangible expansion. The most prominent rate of growth was recorded in 2017 with an increase of 211%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of polyphenols and phenol-alcohols to Nigeria, with a 37% share of total imports. Moreover, polyphenols and phenol-alcohols imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was taken by France (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to +39.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+184.0% per year) and France (+10.3% per year).

In value terms, Belgium ($X) constituted the largest supplier of polyphenols and phenol-alcohols to Nigeria, comprising 31% of total imports. The second position in the ranking was held by France ($X), with a 7.5% share of total imports. It was followed by the Netherlands, with a 5% share.

From 2012 to 2022, the average annual growth rate of value from Belgium totaled +39.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+2.4% per year) and the Netherlands (+207.9% per year).

Import Prices by Country

The average polyphenols and phenol-alcohols import price stood at $X per ton in 2022, rising by 65% against the previous year. Over the period under review, the import price showed pronounced growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 98%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for polyphenols and phenol-alcohols in the world?

The countries with the highest volumes of in 2021 were China, Japan and the United States, together comprising 46% of global consumption.

What are the largest producers of polyphenols and phenol-alcohols in the world?

The country with the largest volume of polyphenols and phenol-alcohols production was Japan, accounting for 35% of total volume. Moreover, polyphenols and phenol-alcohols production in Japan exceeded the figures recorded by the second-largest producer, the United States, threefold. China ranked third in terms of total production with a 12% share.

What are the leading suppliers of polyphenols and phenol-alcohols to Nigeria?

In value terms, the largest polyphenols and phenol-alcohols suppliers to Nigeria were Belgium, China and Italy, with a combined 73% share of total imports. France, the Netherlands, Germany and India lagged somewhat behind, together comprising a further 24%.

What is the average export price for polyphenols and phenol-alcohols in Nigeria?

The average polyphenols and phenol-alcohols export price stood at $5,000 per ton in 2013, almost unchanged from the previous year.

What is the average import price for polyphenols and phenol-alcohols in Nigeria?

The average polyphenols and phenol-alcohols import price stood at $6,739 per ton in 2021, with an increase of 24% against the previous year.

This report provides an in-depth analysis of the polyphenols and phenol-alcohols 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 20142439 - Polyphenols (including salts, excluding 4,4 isopropylidenediphenol) and phenol-alcohols

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