Nigeria - Prepared Binders For Foundry Moulds Or Cores - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrepared Binders Price in Nigeria - 2022
Contents:
- Prepared Binders Price in Nigeria (CIF) - 2022
- Prepared Binders Price in Nigeria (FOB) - 2022
- Prepared Binders Imports in Nigeria
- Prepared Binders Exports in Nigeria
Prepared Binders Price in Nigeria (CIF) - 2022
In 2022, the average prepared binders import price amounted to $969 per ton, growing by 12% against the previous year. Over the period under review, the import price, however, continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 59%. Over the period under review, average import prices hit record highs at $1,779 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,517 per ton), while the price for India ($368 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Prepared Binders Price in Nigeria (FOB) - 2022
The average prepared binders export price stood at $293 per ton in 2021, reducing by -18.3% against the previous year. In general, the export price faced a sharp decrease. The growth pace was the most rapid in 2015 an increase of 28% against the previous year. The export price peaked at $33,078 per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Egypt.
From 2012 to 2021, the rate of growth in terms of prices for Belgium amounted to 0.0% per year.
Prepared Binders Imports in Nigeria
In 2022, purchases abroad of prepared binders for foundry moulds or cores decreased by -18.5% to 443 tons, falling for the second year in a row after two years of growth. In general, imports faced a precipitous setback. The most prominent rate of growth was recorded in 2020 with an increase of 9.2%. As a result, imports attained the peak of 1.4K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, prepared binders imports declined to $429K in 2022. Over the period under review, imports showed a sharp slump. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year. As a result, imports reached the peak of $1.4M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Prepared Binders in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 232 | 389 | 239 | 166 | -10.6% |
| China | 45.7 | 330 | 110 | 64.0 | 11.9% |
| Italy | 123 | 99.2 | 13.7 | 55.0 | -23.5% |
| Germany | 162 | 228 | 1.5 | 45.1 | -34.7% |
| United States | 219 | 46.4 | 3.0 | 35.3 | -45.6% |
| India | 52.9 | 28.7 | 35.4 | 20.5 | -27.1% |
| United Kingdom | 22.1 | 26.2 | 10.9 | 13.1 | -16.0% |
| Saudi Arabia | 282 | 174 | N/A | N/A | -38.3% |
| Others | 163 | 122 | 56.5 | 30.8 | -42.6% |
| Total | 1,301 | 1,445 | 471 | 429 | -30.9% |
Top Suppliers of Prepared Binders to Nigeria in 2022:
- South Korea (114.4 tons)
- Italy (81.6 tons)
- China (81.6 tons)
- India (55.7 tons)
- United States (42.2 tons)
- Germany (29.7 tons)
- United Kingdom (21.3 tons)
Prepared Binders Exports in Nigeria
In 2021, approx. 13K tons of prepared binders for foundry moulds or cores were exported from Nigeria; with an increase of 9.9% compared with the previous year's figure. The total export volume increased at an average annual rate of +9.9% from 2019 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 9.9%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.
In value terms, prepared binders exports fell to $3.9M in 2021. Overall, exports, however, recorded a deep reduction.
| Export of Prepared Binders in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Egypt | N/A | N/A | 3.9 | 0% | |
| Burkina Faso | 2.9 | N/A | N/A | 0% | |
| Norway | N/A | 4.3 | N/A | 0% | |
| Others | 1.9 | N/A | N/A | 0% | |
| Total | 4.8 | 4.3 | 3.9 | -9.9% | |
Top Export Markets for Prepared Binders from Nigeria in 2022:
- Egypt (13.2K tons)
This report provides an in-depth analysis of the prepared binders 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 20595720 - Prepared binders for foundry moulds or cores
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.
-
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
-
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
-
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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