Stearic acid imports in Nigeria: data, top suppliers and prices
In 2024, Nigeria imported stearic acid worth $4.1 million (3.3 thousand tonnes). Value fell 60% from 2023. Across 2017-2024 the long-run trend was broadly stable. The peak in this period was 2023, at $10.2 million.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Imports by year, 2017-2024
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Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $4.1M | 3.3K t |
| 2023 | $10.2M | 11.0K t |
| 2022 | $8.6M | 6.3K t |
| 2021 | $3.6M | 2.9K t |
| 2020 | $4.5M | 5.1K t |
| 2019 | $3.5M | 4.4K t |
| 2018 | $3.5M | 4.2K t |
| 2017 | $3.8M | 4.3K t |
Where Nigeria imports stearic acid from
One supplier dominates: Indonesia accounted for 53% of the value. Among the main suppliers, India grew fastest (+89% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| Indonesia | $2.2M | 53% |
| China | $1.3M | 32% |
| Malaysia | $332K | 8.1% |
| India | $167K | 4.1% |
| Senegal | $102K | 2.5% |
| Germany | $16K | 0.4% |
| Belgium | $2K | 0% |
Average import price per kg
The average declared value was about $1.24 per kg, close to the world average of $1.12.
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 stearic acid imports (HS 3823.11): 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 3823.11: Industrial monocarboxylic fatty acids, acid oils from refining: stearic acid.
Common questions
What is the value of stearic acid imported by Nigeria?
Nigeria imported stearic acid worth $4.1 million in 2024, the latest year with complete public data, about 3.3 thousand tonnes. That ranks it 38th of 166 countries worldwide, with 0% of world imports. The value was down 60% on 2023.
Which countries supply stearic acid to Nigeria?
Indonesia was the largest supplier with 53% of the value ($2.2 million), followed by China (32%) and Malaysia (8%). The top three together account for 93%, out of 7 supplier countries in total. India grew fastest among the top ten, up 89% on the year.
What is the average import price of stearic acid per kg?
The average declared import value was about $1.24 per kg in 2024, 11% above the world average of $1.12 per kg. The figure blends every grade shipped, so it works as a reference point rather than a quote.
How have imports of stearic acid to Nigeria changed since 2017?
Imports went from $3.8 million in 2017 to $4.1 million in 2024, an increase of 7%. The peak was 2023 at $10.2 million. Over 8 years the average was $5.2 million a year.
What is the HS code for stearic acid?
The HS code for stearic acid is subheading 3823.11. It sits in HS chapter 38 (chemical products n.e.c.). The full list of codes and descriptions is on the HS 3823 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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