Nigeria - Slag Wool, Rock Wool And Similar Mineral Wools And Mixtures - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMineral Wool Price in Nigeria - 2022
Contents:
- Mineral Wool Price in Nigeria (CIF) - 2022
- Mineral Wool Price in Nigeria (FOB) - 2022
- Mineral Wool Imports in Nigeria
- Mineral Wool Exports in Nigeria
Mineral Wool Price in Nigeria (CIF) - 2022
The average mineral wool import price stood at $2,606 per ton in 2022, leveling off at the previous year. In general, the import price showed perceptible growth. The growth pace was the most rapid in 2020 when the average import price increased by 30%. The import price peaked in 2022 and is expected to retain growth in the near future.
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 Poland ($5,089 per ton), while the price for Spain ($723 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Mineral Wool Price in Nigeria (FOB) - 2022
The average mineral wool export price stood at $944 per ton in 2022, waning by -14.1% against the previous year. Over the period under review, the export price showed a deep reduction. The growth pace was the most rapid in 2021 when the average export price increased by 28%. Over the period under review, the average export prices hit record highs at $1,955 per ton in 2012; however, from 2013 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 Turkey.
From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to 0.0% per year.
Mineral Wool Imports in Nigeria
For the fourth consecutive year, Nigeria recorded growth in overseas purchases of slag wool, rock wool and similar mineral wools and mixtures, which increased by 44% to 4.6K tons in 2022. In general, imports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 48% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, mineral wool imports skyrocketed to $12M in 2022. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 71% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.
| Import of Mineral Wool in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 508 | 368 | 2,791 | 4,159 | 101.5% |
| China | 190 | 317 | 948 | 2,813 | 145.5% |
| United Arab Emirates | 53.8 | 1,043 | 1,111 | 1,684 | 215.2% |
| South Korea | 550 | 536 | 445 | 570 | 1.2% |
| Czech Republic | 33.3 | 312 | 299 | 454 | 138.9% |
| Turkey | 869 | 382 | 730 | 259 | -33.2% |
| United States | 71.5 | 88.9 | 113 | 212 | 43.7% |
| Spain | 52.8 | 54.8 | 45.1 | 69.6 | 9.6% |
| Belgium | 126 | 240 | 132 | 52.6 | -25.3% |
| Others | 884 | 1,484 | 1,656 | 1,759 | 25.8% |
| Total | 3,339 | 4,825 | 8,270 | 12,032 | 53.3% |
Top Suppliers of Mineral Wool to Nigeria in 2022:
- China (1593.3 tons)
- India (1550.3 tons)
- United Arab Emirates (608.8 tons)
- Czech Republic (131.6 tons)
- Spain (96.3 tons)
- United States (76.8 tons)
- Turkey (70.2 tons)
- South Korea (60.9 tons)
- Belgium (29.6 tons)
Mineral Wool Exports in Nigeria
Mineral wool exports from Nigeria surged to 20 tons in 2022, rising by 38% compared with 2021. Over the period under review, exports, however, recorded a abrupt decline.
In value terms, mineral wool exports soared to $19K in 2022. In general, exports, however, saw a deep reduction.
| Export of Mineral Wool in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Turkey | N/A | N/A | 19.3 | 0% | |
| Benin | 22.2 | N/A | N/A | 0% | |
| Switzerland | N/A | 16.1 | N/A | 0% | |
| Others | N/A | 0.1 | N/A | 0% | |
| Total | 22.2 | 16.3 | 19.3 | -6.8% | |
Top Export Markets for Mineral Wool from Nigeria in 2022:
- Turkey (20.4 tons)
This report provides an in-depth analysis of the mineral wool 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 23991910 - Slag wool, rock wool and similar mineral wools and mixtures thereof, in bulk, sheets or rolls
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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For the fifth consecutive year, the global mineral wool market recorded growth in sales value, which increased by...
853
In value terms, slag, rock wool and similar mineral wools imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indic...
1020
In value terms, slag, rock wool and similar mineral wools exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend ...
717
For the fifth consecutive year, the global mineral wool market recorded growth in sales value, which increased by...
853
In value terms, slag, rock wool and similar mineral wools imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indic...
1020
In value terms, slag, rock wool and similar mineral wools exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend ...
