Nigeria - Graphite (Natural) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGraphite Price in Nigeria - 2021
Contents:
- Graphite Price in Nigeria (CIF) - 2022
- Graphite Price in Nigeria (FOB) - 2022
- Graphite Imports in Nigeria
- Graphite Exports in Nigeria
Graphite Price in Nigeria (CIF) - 2022
The average graphite import price stood at $1,248 per ton in 2022, growing by 11% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, graphite import price decreased by -35.0% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 52% against the previous year. As a result, import price attained the peak level of $1,921 per ton. From 2021 to 2022, the average import prices remained 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 India ($1,755 per ton), while the price for China ($294 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Graphite Price in Nigeria (FOB) - 2022
In 2022, the average graphite export price amounted to $854 per ton, falling by -65.5% against the previous year. Over the period under review, the export price saw a sharp descent. The most prominent rate of growth was recorded in 2019 an increase of 146%. The export price peaked at $11,475 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sao Tome and Principe ($8,110 per ton), while the average price for exports to Canada ($25 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sao Tome and Principe (+15.0%), while the prices for the other major destinations experienced mixed trend patterns.
Graphite Imports in Nigeria
In 2022, supplies from abroad of graphite (natural) decreased by -24% to 20 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a precipitous decline. The pace of growth appeared the most rapid in 2020 with an increase of 693% against the previous year. As a result, imports attained the peak of 639 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, graphite imports fell significantly to $25K in 2022. In general, imports recorded a significant decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 1,107% against the previous year. As a result, imports reached the peak of $1.2M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Graphite in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 87.6 | 1,155 | 2.0 | 23.3 | -35.7% |
| China | 11.0 | 36.2 | 11.0 | 0.9 | -56.6% |
| South Africa | 0.8 | 5.3 | 2.6 | 0.1 | -50.0% |
| Others | 2.2 | 30.6 | 14.4 | 1.0 | -23.1% |
| Total | 102 | 1,227 | 29.9 | 25.3 | -37.2% |
Top Suppliers of Graphite to Nigeria in 2022:
- Germany (16.3 tons)
- China (3.2 tons)
- South Africa (0.4 tons)
Graphite Exports in Nigeria
In 2022, shipments abroad of graphite (natural) increased by 874% to 925 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a deep setback.
In value terms, graphite exports surged to $790 in 2022. Over the period under review, exports, however, showed a dramatic curtailment.
| Export of Graphite in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sao Tome and Principe | 648 | 1,153 | 172 | 592 | -3.0% |
| Niger | 175 | 136 | 24.0 | 69.0 | -26.7% |
| Ireland | N/A | N/A | N/A | 38.0 | 0% |
| South Africa | 799 | 56.0 | 15.0 | 33.0 | -65.4% |
| Canada | N/A | 2.0 | N/A | 15.0 | 173.9% |
| China | 837 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 24.0 | 43.0 | 79.2% |
| Total | 2,459 | 1,347 | 235 | 790 | -31.5% |
Top Export Markets for Graphite from Nigeria in 2022:
- Canada (605.0 kg)
- Niger (146.0 kg)
- Sao Tome and Principe (73.0 kg)
- Ireland (47.0 kg)
- South Africa (5.0 kg)
This report provides an in-depth analysis of the graphite 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
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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 graphite market in Nigeria.
4386
This report provides an in-depth analysis of the global graphite market.
1786
This report provides an in-depth analysis of the graphite market in Nigeria.
4386
This report provides an in-depth analysis of the global graphite market.
680
Global natural graphite production rose by 3.5% y/y to 1M tons in 2021. China recorded the most prominent output growth, increasing production by 7.6% to 820K tons.
736
In 2020, most countries suspended mines since the pandemic started. However, natural graphite production is projected to grow, driven by increasing demand from the electric vehicle industry.
953
In 2017, the global natural graphite market amounted to X tons, rising by X% against 2016. Market volume increased ...
680
Global natural graphite production rose by 3.5% y/y to 1M tons in 2021. China recorded the most prominent output growth, increasing production by 7.6% to 820K tons.
736
In 2020, most countries suspended mines since the pandemic started. However, natural graphite production is projected to grow, driven by increasing demand from the electric vehicle industry.
953
In 2017, the global natural graphite market amounted to X tons, rising by X% against 2016. Market volume increased ...
