Nigeria - Mica - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMica Price in Nigeria - 2022
Contents:
- Mica Price in Nigeria (FOB) - 2022
- Mica Price in Nigeria (CIF) - 2022
- Mica Exports in Nigeria
- Mica Imports in Nigeria
Mica Price in Nigeria (FOB) - 2022
In 2022, the average mica export price amounted to $346 per ton, with an increase of 196% against the previous year. Overall, the export price saw tangible growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 672%. As a result, the export price reached the peak level of $1,893 per ton. From 2014 to 2022, the average export prices remained at a 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 +9.5% per year.
Mica Price in Nigeria (CIF) - 2022
The average mica import price stood at $4,113 per ton in 2022, increasing by 3.7% against the previous year. Over the period under review, the import price showed a buoyant expansion. The pace of growth appeared the most rapid in 2017 when the average import price increased by 130% against the previous year. Over the period under review, average import prices attained the maximum at $4,568 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($48,103 per ton), while the price for China stood at $3,176 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+102.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Mica Exports in Nigeria
In 2022, approx. 2.9K tons of mica were exported from Nigeria; reducing by -69.5% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 5,687% against the previous year. As a result, the exports reached the peak of 9.5K tons, and then declined rapidly in the following year.
In value terms, mica exports declined to $1M in 2022. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 2,749%. As a result, the exports attained the peak of $1.1M, and then dropped in the following year.
Export of Mica in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 111 | 14.1 | 1,086 | 991 | 107.5% |
Others | 27.6 | 25.0 | 26.9 | 13.9 | -20.4% |
Total | 139 | 39.1 | 1,113 | 1,005 | 93.4% |
Top Export Markets for Mica from Nigeria in 2022:
- China (2.9K tons)
Mica Imports in Nigeria
In 2022, purchases abroad of mica increased by 0.7% to 25 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a relatively flat trend pattern.
In value terms, mica imports stood at $103K in 2022. Over the period under review, imports, however, showed a perceptible decrease.
Import of Mica in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 81.5 | 77.1 | 72.7 | 77.8 | -1.5% |
India | 35.1 | 30.1 | 25.8 | 25.1 | -10.6% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 117 | 107 | 98.5 | 103 | -4.2% |
Top Suppliers of Mica to Nigeria in 2022:
- China (24.5 tons)
- India (0.5 tons)
This report provides an in-depth analysis of the mica 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
This report provides an in-depth analysis of the mica market in Nigeria.
This report provides an in-depth analysis of the global mica market.
This report provides an in-depth analysis of the mica market in Nigeria.
This report provides an in-depth analysis of the global mica market.
In value terms, mica and mica waste imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some not...
In value terms, mica and mica waste exports totaled $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total exports value increased at an average annual rate of +X% over...
Global exports of mica fluctuated over the period under review. 2009 saw the largest drop of X%, followed by a steep increase in 2010. Exports slightly declined the year after that, switching to a growth trend in 2012 and 2013. After a slight decline
In value terms, mica and mica waste imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some not...
In value terms, mica and mica waste exports totaled $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total exports value increased at an average annual rate of +X% over...
Global exports of mica fluctuated over the period under review. 2009 saw the largest drop of X%, followed by a steep increase in 2010. Exports slightly declined the year after that, switching to a growth trend in 2012 and 2013. After a slight decline