# Nigeria Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils price positioning (HS 271000)

Canonical: https://www.yugalinks.com/trade/price-exporter/nga/271000
Publisher: Yugalinks (https://www.yugalinks.com)

## Answer

Nigeria has a median reported export price of $777.3/t across 58 markets. Across the reported period, the highest observed price is $163.2K/t in Slovenia; the lowest is $28.4/t in Singapore.

## Summary

- Price spread: 20,985.5%
- Total trade value: $3.8B
- Average quantity: 43,170 metric tons
- Latest year: 2023

## Price by market

| Market | Latest year | Latest price | Vs median | Year-over-year change | Change since first reported year | Trade value (reported period) | Years reported | Position |
|---|---:|---:|---:|---:|---:|---:|---:|---|
| United Kingdom | 2023 | $944.7/t | -18.5% | -25.9% | +88.8% | $1.0B | 5 | Mid |
| USA, Puerto Rico and US Virgin Islands | 2023 | $529.4/t | -37.1% | -22.2% | -30.5% | $1.2B | 5 | Below |
| Belgium | 2023 | $703.2/t | -49.3% | -19% | +62.8% | $399.1M | 5 | Below |
| Benin | 2023 | $335.8/t | -72.8% | -12.5% | +72.7% | $177.0M | 4 | Below |
| Brazil | 2022 | $1.2K/t | -3.6% | +204.8% | +148.7% | $111.4M | 4 | Mid |
| Portugal | 2023 | $1.4K/t | +5.4% | Not reported | +0% | $32.9M | 1 | Mid |
| Italy | 2020 | $455.6/t | -26.1% | +31.4% | +31.4% | $42.1M | 2 | Below |
| Germany | 2023 | $701.1/t | -37.2% | -9.8% | +50.4% | $139.9M | 5 | Below |
| Netherlands | 2023 | $668.1/t | -44.6% | -64.9% | +30.4% | $276.2M | 5 | Below |
| Niger | 2023 | $938.6/t | -27.2% | +24.7% | +91.8% | $21.1M | 4 | Below |
| Japan | 2020 | $386.5/t | -36.1% | Not reported | +0% | $10.9M | 1 | Below |
| Togo | 2023 | $6.1K/t | +368.2% | -1.1% | +495.3% | $18.8M | 4 | Above |
| Cameroon | 2023 | $110.4/t | -91.8% | -9.9% | -47.4% | $29.9M | 4 | Below |
| Gambia | 2023 | $933.8/t | -19.5% | Not reported | +0% | $3.8M | 1 | Mid |
| Paraguay | 2023 | $1.4K/t | +13.3% | +3% | +3% | $6.7M | 2 | Mid |
| Singapore | 2023 | $37.2/t | -93.6% | -94.4% | +31% | $29.7M | 4 | Below |
| Slovenia | 2019 | $163.2K/t | +12,541.2% | Not reported | +0% | $2.1K | 1 | Above |

## Price history

- United Kingdom: 2017 $500.3/t, 2019 $658.5/t, 2020 $535.5/t, 2022 $1.3K/t, 2023 $944.7/t
- USA, Puerto Rico and US Virgin Islands: 2017 $761.8/t, 2019 $759.1/t, 2020 $383.0/t, 2022 $680.3/t, 2023 $529.4/t
- Belgium: 2017 $431.9/t, 2019 $625.5/t, 2020 $392.6/t, 2022 $867.8/t, 2023 $703.2/t
- Benin: 2019 $194.4/t, 2020 $421.2/t, 2022 $383.7/t, 2023 $335.8/t
- Brazil: 2017 $500.8/t, 2019 $673.3/t, 2020 $408.5/t, 2022 $1.2K/t

## Annual price trend and growth

| Year | Weighted unit value | Change vs prior reported year | Trade value | Markets |
|---:|---:|---:|---:|---:|
| 2017 | $651.8/t | Not reported | $794.8M | 19 |
| 2019 | $579.6/t | -11.1% | $546.0M | 31 |
| 2020 | $410.7/t | -29.1% | $607.7M | 26 |
| 2022 | $858.1/t | +108.9% | $1.2B | 29 |
| 2023 | $663.4/t | -22.7% | $709.1M | 36 |

## Methodology

Price = reported trade value in USD / reported quantity in metric tons. The median is calculated across reported market unit values for the same product and year. Price spread = (highest market price - lowest market price) / median market price x 100. Vs median = (market unit value - market median) / market median x 100. Price position is not a profitability claim.

Coverage: 2017-2023; 58 importer markets; 141 reported market-year observations.

## FAQ

### What does Nigeria price positioning show for HS 271000?

It compares Nigeria's reported unit values across markets with each market's median for the same product and year.

### What does above or below median mean?

Above median means the observed unit value is higher than the market median; below median means it is lower. It does not by itself indicate profit or quality.

### How is the export price calculated?

The reported unit value is trade value divided by reported quantity, expressed per metric ton when quantity is available.

### Can I compare this with the wider Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils market?

Yes. Use the product overview and methodology links to compare price positioning with market size, exporter reach, and reported trade history.

## Complete structured values

{
  "pageType": "exporter-price-positioning",
  "source": "reported",
  "exporter": "NGA",
  "hs_code": "271000",
  "summary": {
    "num_markets": 58,
    "highest_price_importer_iso3": "SVN",
    "highest_price_usd_per_ton": 163153.84615384616,
    "lowest_price_importer_iso3": "SGP",
    "lowest_price_usd_per_ton": 28.44142857142857,
    "median_price_across_markets": 777.3257438957369,
    "price_spread_pct": 20985.462787805835,
    "avg_quantity_metric_tons": 43170.29771631206,
    "total_trade_value_usd": 3839151108
  },
  "marketRows": [
    {
      "year": 2023,
      "exporter_iso3": "NGA",
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      "hs_code": "271000",
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      "quantity_metric_tons": 335461.3,
      "trade_value_usd": 316921653,
      "market_median_price_usd_per_ton": 1158.63147839255,
      "price_vs_median_pct": -18.46122860890352,
      "price_position": "Mid"
    },
    {
      "year": 2023,
      "exporter_iso3": "NGA",
      "importer_iso3": "USA",
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      "quantity_metric_tons": 239484.364,
      "trade_value_usd": 126777277,
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    },
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      "year": 2020,
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    {
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  "marketAggregates": [
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      "importer_iso3": "NLD",
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    },
    {
      "importer_iso3": "GMB",
      "latest_year": 2023,
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    },
    {
      "importer_iso3": "PRY",
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      "observed_years": 2
    },
    {
      "importer_iso3": "SGP",
      "latest_year": 2023,
      "latest_unit_value_usd_per_ton": 37.24894938860699,
      "market_median_price_usd_per_ton": 580.3895359938896,
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      "price_position": "Below",
      "prior_year": 2022,
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