Nigeria - Abrasives (Natural) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAbrasives Price in Nigeria - 2022
Contents:
- Abrasives Price in Nigeria (CIF) - 2022
- Abrasives Price in Nigeria (FOB) - 2022
- Abrasives Imports in Nigeria
- Abrasives Exports in Nigeria
Abrasives Price in Nigeria (CIF) - 2022
In 2022, the average abrasives import price amounted to $746 per ton, growing by 65% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, abrasives import price increased by +64.4% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($1,204 per ton), while the price for Belgium ($75 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Abrasives Price in Nigeria (FOB) - 2022
In 2022, the average abrasives export price amounted to $181 per ton, which is down by -9.3% against the previous year. Overall, the export price showed a abrupt curtailment. The pace of growth was the most pronounced in 2014 when the average export price decreased by -1.2%. The export price peaked at $716 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to -12.8% per year.
Abrasives Imports in Nigeria
In 2022, abrasives imports into Nigeria soared to 3.8K tons, picking up by 179% on the previous year's figure. In general, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 696%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, abrasives imports skyrocketed to $2.9M in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 663%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Abrasives in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 109 | 14.5 | 227 | 1,134 | 118.3% |
| South Africa | 65.9 | 14.5 | 181 | 908 | 139.7% |
| Netherlands | 120 | 21.8 | 50.5 | 251 | 27.9% |
| Italy | 0.6 | 0.2 | 17.4 | 171 | 558.1% |
| Australia | 27.6 | 10.7 | 31.6 | 158 | 78.9% |
| India | 36.2 | 8.0 | 7.3 | 91.9 | 36.4% |
| Others | 42.9 | 11.8 | 107 | 148 | 51.1% |
| Total | 402 | 81.5 | 622 | 2,862 | 92.4% |
Top Suppliers of Abrasives to Nigeria in 2022:
- China (1439.9 tons)
- South Africa (1160.2 tons)
- Netherlands (447.5 tons)
- Italy (380.1 tons)
- India (136.2 tons)
- Australia (131.2 tons)
Abrasives Exports in Nigeria
In 2022, shipments abroad of abrasives (natural) was finally on the rise to reach 2.3K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a sharp decline.
In value terms, abrasives exports surged to $421K in 2022. Overall, exports, however, continue to indicate a sharp reduction.
| Export of Abrasives in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 1,655 | 833 | 9.9 | 421 | -36.6% |
| Others | 1.2 | 0.5 | N/A | 0.2 | -45.0% |
| Total | 1,656 | 833 | 10.0 | 421 | -36.7% |
Top Export Markets for Abrasives from Nigeria in 2022:
- Niger (2.3K tons)
This report provides an in-depth analysis of the abrasives market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 08992200 - Industrial diamonds, unworked or simply sawn, cleaved or bruted, pumice stone, emery, natural corundum, natural garnet and other natural abrasives
- Prodcom 08992220 -
- Prodcom 08992230 -
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the abrasives market in Nigeria.
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This report provides an in-depth analysis of the natural abrasives market in Nigeria.
796
This report provides an in-depth analysis of the global abrasives market.
475
Global Natural Abrasives Market Report 2018. This report provides an in-depth analysis of the global natural abrasives market.
357
This report provides an in-depth analysis of the abrasives market in Nigeria.
314
This report provides an in-depth analysis of the natural abrasives market in Nigeria.
796
This report provides an in-depth analysis of the global abrasives market.
475
Global Natural Abrasives Market Report 2018. This report provides an in-depth analysis of the global natural abrasives market.
313
The global abrasives market is growing rapidly, fueled by increasing demand in various industries such as automotive, construction, and metalworking. Discover the top import markets for abrasives based on import value, including the United States, Netherlands, United Kingdom, China, and the United Arab Emirates. Learn how these countries are driving the growth of the abrasive industry and how businesses can leverage these import markets through platforms like IndexBox.
1388
Global abrasive imports stood at X tons in 2016, declining by -X% against the previous year level. Overall, abrasive imports continue to indicate a relatively flat trend pattern. The pace of gr...
1027
Global abrasive imports stood at X tons in 2016, declining by -X% against the previous year level. Overall, abrasive imports continue to indicate a relatively flat trend pattern. The pace of gr...
1974
The global natural abrasives trade amounted to X million USD in 2015, falling from X million USD in 2014. However, the previous gains allowed keeping the overall growth positive, with a CAGR of +X% from 2007 to 2015.
313
The global abrasives market is growing rapidly, fueled by increasing demand in various industries such as automotive, construction, and metalworking. Discover the top import markets for abrasives based on import value, including the United States, Netherlands, United Kingdom, China, and the United Arab Emirates. Learn how these countries are driving the growth of the abrasive industry and how businesses can leverage these import markets through platforms like IndexBox.
