Nigeria - Coal - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCoal Price in Nigeria - 2022
Contents:
- Coal Price in Nigeria (CIF) - 2022
- Coal Price in Nigeria (FOB) - 2022
- Coal Imports in Nigeria
- Coal Exports in Nigeria
Coal Price in Nigeria (CIF) - 2022
The average coal import price stood at $222 per ton in 2022, reducing by -67.1% against the previous year. Over the period under review, the import price continues to indicate a pronounced downturn. The growth pace was the most rapid in 2021 an increase of 585% against the previous year. As a result, import price reached the peak level of $675 per ton, and then contracted markedly in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($265 per ton), while the price for Mozambique stood at $198 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-2.8%).
Coal Price in Nigeria (FOB) - 2022
The average coal export price stood at $73 per ton in 2022, with an increase of 6.8% against the previous year. In general, the export price, however, saw a dramatic decrease. The pace of growth appeared the most rapid in 2018 when the average export price increased by 1,846%. The export price peaked at $7,936 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($86 per ton), while the average price for exports to Niger ($65 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (-10.3%).
Coal Imports in Nigeria
In 2022, approx. 226K tons of coal were imported into Nigeria; growing by 682% on the previous year. Over the period under review, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, coal imports soared to $50M in 2022. Overall, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Coal in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mozambique | N/A | N/A | 10.9 | 29.9 | 174.3% |
| South Africa | 6.0 | 9.1 | 3.3 | 19.8 | 48.9% |
| Others | N/A | 0.3 | 5.4 | 0.5 | 29.1% |
| Total | 6.0 | 9.4 | 19.5 | 50.2 | 103.0% |
Top Suppliers of Coal to Nigeria in 2022:
- Mozambique (150.9K tons)
- South Africa (74.8K tons)
Coal Exports in Nigeria
Coal exports from Nigeria surged to 194K tons in 2022, increasing by 213% compared with the year before. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, coal exports surged to $14M in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Coal in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Togo | N/A | N/A | N/A | 5.7 | 0% |
| Niger | 1.3 | N/A | 4.2 | 5.7 | 63.7% |
| Benin | N/A | N/A | N/A | 2.6 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.3 | N/A | 4.2 | 14.1 | 121.4% |
Top Export Markets for Coal from Nigeria in 2022:
- Niger (87.9K tons)
- Togo (75.1K tons)
- Benin (30.8K tons)
This report provides an in-depth analysis of the coal 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:
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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