Nigeria - Bauxite - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBauxite Price in Nigeria - 2022
Contents:
- Bauxite Price in Nigeria (CIF) - 2022
- Bauxite Price in Nigeria (FOB) - 2022
- Bauxite Imports in Nigeria
- Bauxite Exports in Nigeria
Bauxite Price in Nigeria (CIF) - 2022
In 2022, the average bauxite import price amounted to $558 per ton, falling by -6.4% against the previous year. Overall, the import price saw a abrupt contraction. The growth pace was the most rapid in 2021 an increase of 40%. Over the period under review, average import prices attained the maximum at $3,060 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($3,988 per ton), while the price for the United States ($224 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-4.6%), while the prices for the other major suppliers experienced a decline.
Bauxite Price in Nigeria (FOB) - 2022
The average bauxite export price stood at $145 per ton in 2022, declining by -31.8% against the previous year. In general, the export price showed a precipitous shrinkage. The pace of growth was the most pronounced in 2014 an increase of 71% against the previous year. The export price peaked at $3,081 per ton in 2015; however, from 2016 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 China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -11.4% per year.
Bauxite Imports in Nigeria
In 2022, imports of bauxite into Nigeria dropped remarkably to 621 tons, with a decrease of -35.6% on 2021. Over the period under review, imports faced a precipitous setback. The growth pace was the most rapid in 2021 when imports increased by 246%.
In value terms, bauxite imports fell dramatically to $346K in 2022. In general, imports faced a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 385%.
Import of Bauxite in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Guyana | 602 | 75.5 | 279 | 178 | -33.4% |
Netherlands | 225 | 31.6 | 131 | 93.9 | -25.3% |
India | 39.4 | 5.4 | 149 | 53.9 | 11.0% |
China | 125 | 3.7 | 8.4 | 15.5 | -50.1% |
United States | 18.5 | 2.1 | 7.2 | 4.2 | -39.0% |
Others | 1.6 | 0.2 | 0.5 | 0.4 | -37.0% |
Total | 1,012 | 119 | 574 | 346 | -30.1% |
Top Suppliers of Bauxite to Nigeria in 2022:
- Guyana (376.3 tons)
- India (179.1 tons)
- Netherlands (23.6 tons)
- China (23.0 tons)
- United States (18.7 tons)
Bauxite Exports in Nigeria
In 2022, exports of bauxite from Nigeria skyrocketed to 2.9K tons, increasing by 43% on 2021. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 646%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, bauxite exports fell slightly to $414K in 2022. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 394%.
Export of Bauxite in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 81.7 | 306 | 424 | 414 | 71.8% |
Ghana | N/A | 97.2 | N/A | N/A | 0% |
Others | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
Total | 81.8 | 404 | 424 | 414 | 71.7% |
Top Export Markets for Bauxite from Nigeria in 2022:
- China (2.9K tons)
This report provides an in-depth analysis of the bauxite 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 07291300 - Aluminium ores and concentrates
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
This report provides an in-depth analysis of the bauxite market in Nigeria.
This report provides an in-depth analysis of the global bauxite market.
This report provides an in-depth analysis of the bauxite market in Nigeria.
This report provides an in-depth analysis of the global bauxite market.
Global bauxite market is projected to experience a significant increase in demand over the next seven years, with market volume expected to reach 506M tons and market value estimated at $42B by 2030. China leads in both consumption and production of bauxite, while Guinea dominates in exports. The market is forecasted to show steady growth in the coming years, driven by factors such as increasing demand and fluctuating import and export prices.
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Global bauxite market is projected to experience a significant increase in demand over the next seven years, with market volume expected to reach 506M tons and market value estimated at $42B by 2030. China leads in both consumption and production of bauxite, while Guinea dominates in exports. The market is forecasted to show steady growth in the coming years, driven by factors such as increasing demand and fluctuating import and export prices.
Explore the top import markets for bauxite based on the latest data from IndexBox platform. Discover the key countries driving the global demand for bauxite imports.
Discover the world's top import markets for bauxite, the key raw material for aluminum production. China, India, Spain, Ireland, and Germany play crucial roles in meeting the global demand for bauxite.