Palmitic and stearic acids imports in Nigeria: data, top suppliers and prices
Imports of palmitic and stearic acids by Nigeria reached $45.1 million in 2024 (5.3 thousand tonnes). It ranks 10th of 167 countries for imports of this product. That is 421% more than in 2023. Over 2017-2024 the trade grew strongly, by about 29% 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 | $45.1M | 5.3K t |
| 2023 | $8.7M | 6.1K t |
| 2022 | $18.7M | 7.2K t |
| 2021 | $10.1M | 10.3K t |
| 2020 | $9.9M | 12.6K t |
| 2019 | $4.9M | 5.5K t |
| 2018 | $3.8M | 4.2K t |
| 2017 | $7.6M | 8.7K t |
Where Nigeria imports palmitic and stearic acids from
One supplier dominates: United Arab Emirates accounted for 77% of the value. Among the main suppliers, Indonesia grew fastest (+65% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| United Arab Emirates | $34.5M | 77% |
| Indonesia | $6.4M | 14% |
| Malaysia | $1.6M | 3.6% |
| China | $837K | 1.9% |
| India | $612K | 1.4% |
| Sierra Leone | $246K | 0.6% |
| Italy | $194K | 0.4% |
| Germany | $158K | 0.4% |
| Egypt | $118K | 0.3% |
| Japan | $93K | 0.2% |
Average import price per kg
The average declared value was about $8.53 per kg, 356% above the world average of $1.87. 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 palmitic and stearic acids imports (HS 2915.70): companies, dates, quantities and declared values.
Shipment records are in the platform
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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 2915.70: Acids: saturated acyclic monocarboxylic acids: palmitic acid, stearic acid, their salts and esters.
Common questions
What is the value of palmitic and stearic acids imported by Nigeria?
Nigeria imported palmitic and stearic acids worth $45.1 million in 2024, the latest year with complete public data, about 5.3 thousand tonnes. That ranks it 10th of 167 countries worldwide, with 3% of world imports. The value was up 421% on 2023.
Which countries supply palmitic and stearic acids to Nigeria?
The United Arab Emirates was the largest supplier with 77% of the value ($34.5 million), followed by Indonesia (14%) and Malaysia (4%). The top three together account for 94%, out of 19 supplier countries in total. Italy grew fastest among the top ten, up 252% on the year.
What is the average import price of palmitic and stearic acids per kg?
The average declared import value was about $8.53 per kg in 2024, 356% above the world average of $1.87 per kg. Declared value divided by weight mixes every grade, so read it as a benchmark rather than a quote.
How have imports of palmitic and stearic acids to Nigeria changed since 2017?
Imports went from $7.6 million in 2017 to $45.1 million in 2024, an increase of 490%. 2024 was the highest year in the period. Over 8 years the average was $13.6 million a year.
What is the HS code for palmitic and stearic acids?
The HS code for palmitic and stearic acids is subheading 2915.70. It sits in HS chapter 29 (organic chemicals). The full list of codes and descriptions is on the HS 2915 page.
How can I find the companies behind this trade?
Shipment-level records for Nigeria reach EximDataX from a direct customs feed, with company names, dates and declared values. We can show them for your product on a short call.
Same product, other countries
World palmitic and stearic acids trade: top importers and exporters
More trade data for Nigeria
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