Petroleum wax imports in Nigeria: data, top suppliers and prices
Nigeria imported $68.4 million of petroleum wax in 2024 (49.3 thousand tonnes). Its share of world imports was 2%. Value fell 15% from 2023. Over 2017-2024 the trade grew strongly, by about 8% 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 | $68.4M | 49.3K t |
| 2023 | $80.2M | 48.2K t |
| 2022 | $58.8M | 36.3K t |
| 2021 | $48.4M | 41.0K t |
| 2020 | $36.7M | 35.2K t |
| 2019 | $33.6M | 30.1K t |
| 2018 | $42.2M | 34.9K t |
| 2017 | $39.0M | 34.5K t |
Where Nigeria imports petroleum wax from
The largest suppliers were United Arab Emirates (32%), India (31%), Germany (17%). Among the main suppliers, Turkey grew fastest (+54% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| United Arab Emirates | $21.6M | 32% |
| India | $20.9M | 31% |
| Germany | $11.3M | 17% |
| Turkey | $4.9M | 7.2% |
| Egypt | $4.1M | 6.1% |
| China | $2.9M | 4.3% |
| South Africa | $803K | 1.2% |
| Hungary | $675K | 1% |
| Thailand | $391K | 0.6% |
| Senegal | $354K | 0.5% |
Product types under HS 2712
| 2712.10 | Petroleum jelly | 79% |
| 2712.90 | Slack wax | 12% |
| 2712.20 | Synthetic paraffin wax | 9.1% |
Codes and full descriptions: HS heading 2712.
Average import price per kg
The average declared value was about $1.39 per kg, close to the world average of $1.44.
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 petroleum wax imports (HS 2712): 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 2712: Petroleum jelly; paraffin wax, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, peat wax, other mineral waxes, similar products obtained by synthesis, other processes; coloured or not.
Common questions
What is the value of petroleum wax imported by Nigeria?
Nigeria imported petroleum wax worth $68.4 million in 2024, the latest year with complete public data, about 49.3 thousand tonnes. That ranks it 17th of 207 countries worldwide, with 2% of world imports. The value was down 15% on 2023.
Which countries supply petroleum wax to Nigeria?
The United Arab Emirates was the largest supplier with 32% of the value ($21.6 million), followed by India (31%) and Germany (17%). The top three together account for 79%, out of 23 supplier countries in total. Thailand grew fastest among the top ten, up 193% on the year.
What is the average import price of petroleum wax per kg?
The average declared import value was about $1.39 per kg in 2024, close to the world average of $1.44 per kg. Declared value divided by weight mixes every grade, so read it as a benchmark rather than a quote.
How have imports of petroleum wax to Nigeria changed since 2017?
Imports went from $39.0 million in 2017 to $68.4 million in 2024, an increase of 75%. The peak was 2023 at $80.2 million. Over 8 years the average was $50.9 million a year.
What is the HS code for petroleum wax?
The HS code for petroleum wax is heading 2712. In Nigeria the largest six-digit codes were 2712.10 (79% of the value) and 2712.90 (12%).
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
Petroleum wax product types in Nigeria
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