# Nigeria Petroleum gases and other gaseous hydrocarbons: liquefied, natural gas price positioning (HS 271111)

Canonical: https://www.yugalinks.com/trade/price-exporter/nga/271111
Publisher: Yugalinks (https://www.yugalinks.com)

## Answer

Nigeria has a median reported export price of $451.7/t across 37 markets. Across the reported period, the highest observed price is $666.8K/t in Belgium; the lowest is $85.5/t in Greece.

## Summary

- Price spread: 147,589%
- Total trade value: $30.7B
- Average quantity: 596,810 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 |
|---|---:|---:|---:|---:|---:|---:|---:|---|
| Spain | 2023 | $583.1/t | -14.9% | -12.7% | +100.8% | $7.0B | 5 | Mid |
| China | 2023 | $596.2/t | -3.6% | +3.4% | +37.5% | $2.7B | 5 | Mid |
| Portugal | 2023 | $374.5/t | -42.1% | -1.8% | +47.2% | $3.0B | 5 | Below |
| USA, Puerto Rico and US Virgin Islands | 2023 | $638.6/t | -23.6% | -49.9% | +90.7% | $651.1M | 5 | Mid |
| India | 2023 | $544.1/t | -14.9% | +35.7% | +58.8% | $3.6B | 5 | Mid |
| Republic of Korea | 2023 | $666.6/t | -15.4% | -29.8% | +71.6% | $1.6B | 5 | Mid |
| United Kingdom | 2023 | $693.8/t | -10.1% | +28.4% | +149.7% | $600.5M | 5 | Mid |
| Kuwait | 2023 | $5.3K/t | +657.2% | -38.4% | -38.4% | $709.1M | 2 | Above |
| France | 2023 | $690.8/t | +0.9% | -43.4% | +107.2% | $3.1B | 5 | Mid |
| Pakistan | 2023 | $605.0/t | -7.6% | -45.8% | +74.6% | $773.0M | 5 | Mid |
| Other Asia, nes | 2023 | $637.2/t | -6.5% | -95.8% | +72.1% | $772.1M | 5 | Mid |
| Thailand | 2023 | $668.0/t | -4% | -20.1% | +117.5% | $528.1M | 4 | Mid |
| Italy | 2023 | $586.0/t | -21.5% | +89.5% | +108.7% | $237.4M | 5 | Mid |
| Jamaica | 2023 | $451.7/t | -35.1% | -48.7% | -9.4% | $399.6M | 4 | Below |
| Japan | 2023 | $573.7/t | -15.6% | -38.1% | +35.9% | $2.5B | 5 | Mid |
| Belgium | 2023 | $8.4K/t | +960.9% | -98.7% | -98.7% | $177.0M | 2 | Above |
| Greece | 2023 | $624.9/t | -34.2% | +40.7% | +74.7% | $217.2M | 4 | Below |

## Price history

- Spain: 2017 $290.4/t, 2019 $315.8/t, 2020 $214.3/t, 2022 $667.6/t, 2023 $583.1/t
- China: 2017 $433.4/t, 2019 $454.8/t, 2020 $287.8/t, 2022 $576.7/t, 2023 $596.2/t
- Portugal: 2017 $254.5/t, 2019 $330.9/t, 2020 $284.7/t, 2022 $381.4/t, 2023 $374.5/t
- USA, Puerto Rico and US Virgin Islands: 2017 $334.9/t, 2019 $339.4/t, 2020 $274.5/t, 2022 $1.3K/t, 2023 $638.6/t
- India: 2017 $342.5/t, 2019 $392.5/t, 2020 $306.7/t, 2022 $401.0/t, 2023 $544.1/t

## Annual price trend and growth

| Year | Weighted unit value | Change vs prior reported year | Trade value | Markets |
|---:|---:|---:|---:|---:|
| 2017 | $345.3/t | Not reported | $4.5B | 17 |
| 2019 | $359.5/t | +4.1% | $6.2B | 22 |
| 2020 | $277.7/t | -22.8% | $4.7B | 19 |
| 2022 | $763.4/t | +174.9% | $8.4B | 30 |
| 2023 | $625.9/t | -18% | $7.0B | 28 |

## 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; 37 importer markets; 116 reported market-year observations.

## FAQ

### What does Nigeria price positioning show for HS 271111?

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 gases and other gaseous hydrocarbons: liquefied, natural gas 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": "271111",
  "summary": {
    "num_markets": 37,
    "highest_price_importer_iso3": "BEL",
    "highest_price_usd_per_ton": 666751.6499552274,
    "lowest_price_importer_iso3": "GRC",
    "lowest_price_usd_per_ton": 85.46024714385638,
    "median_price_across_markets": 451.7044001752593,
    "price_spread_pct": 147589.04040992737,
    "avg_quantity_metric_tons": 596810.4353965517,
    "total_trade_value_usd": 30732236970
  },
  "marketRows": [
    {
      "year": 2023,
      "exporter_iso3": "NGA",
      "importer_iso3": "ESP",
      "hs_code": "271111",
      "unit_value_usd_per_ton": 583.1081147915273,
      "quantity_metric_tons": 3368562.2,
      "trade_value_usd": 1964235954,
      "market_median_price_usd_per_ton": 685.2018866413052,
      "price_vs_median_pct": -14.89980892350093,
      "price_position": "Mid"
    },
    {
      "year": 2023,
      "exporter_iso3": "NGA",
      "importer_iso3": "CHN",
      "hs_code": "271111",
      "unit_value_usd_per_ton": 596.1924149994618,
      "quantity_metric_tons": 1175095.5,
      "trade_value_usd": 700583024,
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      "price_vs_median_pct": -3.6275250447264518,
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    },
    {
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      "market_median_price_usd_per_ton": 646.3742166517458,
      "price_vs_median_pct": -42.05465518171661,
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    },
    {
      "year": 2023,
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      "year": 2023,
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      "price_vs_median_pct": -15.42380550798466,
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    {
      "year": 2023,
      "exporter_iso3": "NGA",
      "importer_iso3": "GBR",
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    },
    {
      "year": 2023,
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      "importer_iso3": "KWT",
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      "unit_value_usd_per_ton": 5305.116780789795,
      "quantity_metric_tons": 43710.1,
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      "price_vs_median_pct": 657.1915127887733,
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    },
    {
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      "importer_iso3": "FRA",
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    {
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    {
      "year": 2023,
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    },
    {
      "year": 2023,
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    },
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    }
  ],
  "marketAggregates": [
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      "importer_iso3": "ESP",
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      "latest_unit_value_usd_per_ton": 583.1081147915273,
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    },
    {
      "importer_iso3": "FRA",
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    },
    {
      "importer_iso3": "JAM",
      "latest_year": 2023,
      "latest_unit_value_usd_per_ton": 451.7044001752593,
      "market_median_price_usd_per_ton": 695.7116929151334,
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      "price_position": "Below",
      "prior_year": 2022,
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      "observed_years": 4
    },
    {
      "importer_iso3": "JPN",
      "latest_year": 2023,
      "latest_unit_value_usd_per_ton": 573.7382227466643,
      "market_median_price_usd_per_ton": 679.5720289611274,
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      "period_trade_value_usd": 2464610779,
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    },
    {
      "importer_iso3": "BEL",
      "latest_year": 2023,
      "latest_unit_value_usd_per_ton": 8362.759095209427,
      "market_median_price_usd_per_ton": 788.2335338496957,
      "price_vs_median_pct": 960.9494186787641,
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