Nigeria - Iron Oxides And Hydroxides - Market Analysis, Forecast, Size, Trends and Insights
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View PricingIron Oxide Pigment Price in Nigeria - 2022
Contents:
- Iron Oxide Pigment Price in Nigeria (CIF) - 2022
- Iron Oxide Pigment Price in Nigeria (FOB) - 2022
- Iron Oxide Pigment Imports in Nigeria
- Iron Oxide Pigment Exports in Nigeria
Iron Oxide Pigment Price in Nigeria (CIF) - 2022
The average iron oxide pigment import price stood at $1,458 per ton in June 2022, rising by 34% against the previous month. Overall, import price indicated notable growth from June 2021 to June 2022: its price increased at an average monthly rate of +4.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2022 figures, iron oxide pigment import price decreased by -2.8% against April 2022 indices. The most prominent rate of growth was recorded in September 2021 an increase of 68% m-o-m. Over the period under review, average import prices attained the peak figure at $1,838 per ton in October 2021; however, from November 2021 to June 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2022, the country with the highest price was China ($1,570 per ton), while the price for India ($1,072 per ton) was amongst the lowest.
From June 2021 to June 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 more modest paces of growth.
Iron Oxide Pigment Price in Nigeria (FOB) - 2022
In 2022, the average iron oxide pigment export price amounted to $5,843 per ton, dropping by -10.5% against the previous year. Over the period under review, the export price, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2019 an increase of 80% against the previous year. The export price peaked at $6,531 per ton in 2021, and then shrank in the following year.
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 +16.5% per year.
Iron Oxide Pigment Imports in Nigeria
In 2022, approx. 5.2K tons of iron oxide pigments were imported into Nigeria; with an increase of 12% compared with the previous year. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +9.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -26.3% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 77% against the previous year. As a result, imports attained the peak of 7K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, iron oxide pigment imports soared to $6.8M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +25.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +96.1% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 77% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Iron Oxide Pigment in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.8 | 5.1 | 4.0 | 5.4 | 24.5% |
| India | 0.3 | 0.4 | 0.5 | 0.7 | 32.6% |
| Hong Kong SAR | N/A | 0.1 | 0.2 | 0.3 | 73.2% |
| South Africa | 0.1 | 0.2 | N/A | N/A | 100.0% |
| Others | 0.3 | 0.4 | 0.3 | 0.4 | 10.1% |
| Total | 3.5 | 6.1 | 5.0 | 6.8 | 24.8% |
Top Suppliers of Iron Oxide Pigment to Nigeria in 2022:
- South Africa (undefinedK tons)
- China (4.4K tons)
- India (0.3K tons)
- Hong Kong SAR (0.3K tons)
Iron Oxide Pigment Exports in Nigeria
After three years of growth, shipments abroad of iron oxide pigments decreased by -26.5% to 39 tons in 2022. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2020 with an increase of 162%.
In value terms, iron oxide pigment exports shrank dramatically to $227K in 2022. Overall, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 217% against the previous year. As a result, the exports reached the peak of $344K, and then fell rapidly in the following year.
| Export of Iron Oxide Pigment in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 25.6 | 85.1 | 266 | 225 | 106.4% |
| Malaysia | N/A | N/A | 68.3 | N/A | 0% |
| Others | 35.4 | 23.5 | 10.0 | 1.7 | -63.7% |
| Total | 61.0 | 109 | 344 | 227 | 55.0% |
Top Export Markets for Iron Oxide Pigment from Nigeria in 2022:
- China (38.7 tons)
This report provides an in-depth analysis of the iron oxide pigment 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 20121910 - Iron oxides and hydroxides, earth colours containing .70 % or more by weight of combined iron evaluated as Fe2O3
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 iron oxide pigment market in Nigeria.
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This report provides an in-depth analysis of the global iron oxide pigment market.
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This report provides an in-depth analysis of the iron oxide pigment market in Nigeria.
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This report provides an in-depth analysis of the global iron oxide pigment market.
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In value terms, lead oxides imports amounted to $X in 2016. In general, lead oxides imports continue to indicate a drastic curtailment. Over the period under review, global lead oxides imports reac...
955
In value terms, lead oxides exports amounted to $X in 2016. Overall, lead oxides exports continue to indicate a drastic reduction. Over the period under review, global lead oxides exports reached i...
1240
In 2016, approx. X tons of iron oxide pigments were imported worldwide- remaining stable against the previous year figure. In general, iron oxide pigments imports continue to indicate a relativel...
867
In 2016, approx. X tons of iron oxide pigments were imported worldwide- remaining stable against the previous year figure. In general, iron oxide pigments imports continue to indicate a relativel...
1921
According to the U.S. Geological Survey, 2014 was marked by a slight decrease in iron oxide pigments production in the U.S. compared with the previous year. Approximately X thousand tons of finished natural and synthetic iron oxide pigments were pro
770
In value terms, lead oxides imports amounted to $X in 2016. In general, lead oxides imports continue to indicate a drastic curtailment. Over the period under review, global lead oxides imports reac...
955
In value terms, lead oxides exports amounted to $X in 2016. Overall, lead oxides exports continue to indicate a drastic reduction. Over the period under review, global lead oxides exports reached i...
1240
In 2016, approx. X tons of iron oxide pigments were imported worldwide- remaining stable against the previous year figure. In general, iron oxide pigments imports continue to indicate a relativel...
867
In 2016, approx. X tons of iron oxide pigments were imported worldwide- remaining stable against the previous year figure. In general, iron oxide pigments imports continue to indicate a relativel...
1921
According to the U.S. Geological Survey, 2014 was marked by a slight decrease in iron oxide pigments production in the U.S. compared with the previous year. Approximately X thousand tons of finished natural and synthetic iron oxide pigments were pro
