Methanol imports in Nigeria: data, top suppliers and prices
Nigeria imported $27.7 million of methanol in 2024 (19.5 thousand tonnes). Value rose 4% on 2023. Over 2017-2024 the trade grew strongly, by about 30% a year on average.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Imports by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $27.7M | 19.5K t |
| 2023 | $26.6M | 20.1K t |
| 2022 | $18.1M | 17.1K t |
| 2021 | $7.2M | 16.3K t |
| 2020 | $3.1M | 11.3K t |
| 2019 | $6.1M | 17.6K t |
| 2018 | $5.9M | 14.4K t |
| 2017 | $4.4M | 12.8K t |
Where Nigeria imports methanol from
One supplier dominates: Equatorial Guinea accounted for 52% of the value. Among the main suppliers, Netherlands grew fastest (+188% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| Equatorial Guinea | $14.3M | 52% |
| Netherlands | $7.9M | 28% |
| India | $1.7M | 6.2% |
| Egypt | $1.5M | 5.4% |
| Qatar | $1.0M | 3.6% |
| Saudi Arabia | $539K | 1.9% |
| United States | $228K | 0.8% |
| China | $169K | 0.6% |
| United Arab Emirates | $115K | 0.4% |
| Oman | $90K | 0.3% |
Average import price per kg
The average declared value was about $1.42 per kg, 344% above the world average of $0.32. This usually points to higher-grade or processed goods.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in Nigeria?
The shipment records behind Nigeria methanol imports (HS 2905.11): companies, dates, quantities and declared values.
Shipment records are in the platform
Tell us what you trade and we will show you the latest records on a live call.
Direct customs feed: shipment-level records from the official customs source.
Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 2905.11: Alcohols: saturated monohydric, methanol (methyl alcohol).
Common questions
What is the value of methanol imported by Nigeria?
Nigeria imported methanol worth $27.7 million in 2024, the latest year with complete public data, about 19.5 thousand tonnes. That ranks it 40th of 193 countries worldwide, with 0% of world imports. The value was up 4% on 2023.
Which countries supply methanol to Nigeria?
Equatorial Guinea was the largest supplier with 52% of the value ($14.3 million), followed by the Netherlands (28%) and India (6%). The top three together account for 86%, out of 17 supplier countries in total. China grew fastest among the top ten, up 211% on the year.
What is the average import price of methanol per kg?
The average declared import value was about $1.42 per kg in 2024, 344% above the world average of $0.32 per kg. The figure blends every grade shipped, so it works as a reference point rather than a quote.
How have imports of methanol to Nigeria changed since 2017?
Imports went from $4.4 million in 2017 to $27.7 million in 2024, an increase of 537%. 2024 was the highest year in the period. Over 8 years the average was $12.4 million a year.
What is the HS code for methanol?
The HS code for methanol is subheading 2905.11. It sits in HS chapter 29 (organic chemicals). The full list of codes and descriptions is on the HS 2905 page.
How can I find the companies behind this trade?
The totals here are public statistics; the company-level detail sits in EximDataX, which has a direct customs feed for Nigeria. Tell us your product to see it live.
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