Paraffin wax imports in Nigeria: data, top suppliers and prices
In 2024, Nigeria imported paraffin wax worth $11.7 million (6.1 thousand tonnes). Value fell 44% from 2023. Over 2017-2024 the trade grew strongly, by about 9% a year on average. The peak in this period was 2023, at $21.1 million.
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 | $11.7M | 6.1K t |
| 2023 | $21.1M | 9.8K t |
| 2022 | $8.0M | 3.1K t |
| 2021 | $6.0M | 2.6K t |
| 2020 | $4.1M | 2.1K t |
| 2019 | $5.1M | 2.8K t |
| 2018 | $5.8M | 2.9K t |
| 2017 | $6.3M | 2.9K t |
Where Nigeria imports paraffin wax from
Most of the value came from South Korea (35%), China (28%), India (15%). Among the main suppliers, Malaysia grew fastest (+276% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| South Korea | $4.1M | 35% |
| China | $3.3M | 28% |
| India | $1.7M | 15% |
| Poland | $1.4M | 12% |
| Germany | $261K | 2.2% |
| Malaysia | $234K | 2% |
| United Kingdom | $213K | 1.8% |
| United States | $163K | 1.4% |
| Spain | $102K | 0.9% |
| Italy | $96K | 0.8% |
Product types under HS 3404
| 3404.20 | Polyethylene glycol wax | 53% |
| 3404.90 | Waxes: artificial and prepared, other than of polyethylene glycol | 47% |
Codes and full descriptions: HS heading 3404.
Average import price per kg
The average declared value was about $1.93 per kg, close to the world average of $2.33.
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 paraffin wax imports (HS 3404): 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 3404: Waxes; artificial, prepared.
Common questions
What is the value of paraffin wax imported by Nigeria?
Nigeria imported paraffin wax worth $11.7 million in 2024, the latest year with complete public data, about 6.1 thousand tonnes. That ranks it 50th of 208 countries worldwide, with 0% of world imports. The value was down 44% on 2023.
Which countries supply paraffin wax to Nigeria?
South Korea was the largest supplier with 35% of the value ($4.1 million), followed by China (28%) and India (15%). The top three together account for 77%, out of 19 supplier countries in total. Malaysia grew fastest among the top ten, up 276% on the year.
What is the average import price of paraffin wax per kg?
The average declared import value was about $1.93 per kg in 2024, 17% below the world average of $2.33 per kg. Declared value divided by weight mixes every grade, so read it as a benchmark rather than a quote.
How have imports of paraffin wax to Nigeria changed since 2017?
Imports went from $6.3 million in 2017 to $11.7 million in 2024, an increase of 85%. The peak was 2023 at $21.1 million. Over 8 years the average was $8.5 million a year.
What is the HS code for paraffin wax?
The HS code for paraffin wax is heading 3404. In Nigeria the largest six-digit codes were 3404.20 (53% of the value) and 3404.90 (47%).
How can I find the companies behind this trade?
EximDataX has a direct customs feed for Nigeria, so the importers and exporters behind these totals are visible by name, shipment by shipment. Ask for a live look at your product.
Same product, other countries
Paraffin wax product types in Nigeria
More trade data for Nigeria
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