Nigeria - Gravel And Crushed Stone - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Gravel and Crushed Stone in Nigeria - 2022
Contents:
- Price for Gravel and Crushed Stone in Nigeria (CIF) - 2022
- Price for Gravel and Crushed Stone in Nigeria (FOB) - 2022
- Imports of Gravel and Crushed Stone in Nigeria
- Exports of Gravel and Crushed Stone in Nigeria
Price for Gravel and Crushed Stone in Nigeria (CIF) - 2022
In 2022, the average gravel and crushed stone import price amounted to $275 per ton, reducing by -29.3% against the previous year. Overall, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 219%. The import price peaked at $740 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($759 per ton), while the price for Germany ($113 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Gravel and Crushed Stone in Nigeria (FOB) - 2022
The average gravel and crushed stone export price stood at $192 per ton in 2022, jumping by 30% against the previous year. Overall, the export price continues to indicate a mild increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 75%. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($2,516 per ton), while the average price for exports to Ghana ($65 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 France (+159.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Gravel and Crushed Stone in Nigeria
In 2022, the amount of gravel and crushed stone imported into Nigeria soared to 2K tons, jumping by 22% compared with 2021. The total import volume increased at an average annual rate of +12.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 36%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, gravel and crushed stone imports shrank to $540K in 2022. Over the period under review, imports recorded a buoyant increase. The growth pace was the most rapid in 2020 with an increase of 146% against the previous year. As a result, imports attained the peak of $1.1M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Gravel and Crushed Stone in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 63.5 | 111 | 128 | 107 | 19.0% |
| Belgium | 134 | 147 | 59.5 | 71.4 | -18.9% |
| New Zealand | 64.0 | 188 | 77.9 | 60.9 | -1.6% |
| China | 39.2 | 402 | 100 | 48.7 | 7.5% |
| India | 21.2 | 40.4 | 26.2 | 30.5 | 12.9% |
| Germany | 7.2 | 26.5 | 23.2 | 27.8 | 56.9% |
| United Kingdom | 17.8 | 23.7 | 17.1 | 19.7 | 3.4% |
| Turkey | 28.5 | 3.0 | 2.7 | 2.8 | -53.9% |
| Others | 87.1 | 196 | 192 | 171 | 25.2% |
| Total | 463 | 1,139 | 627 | 540 | 5.3% |
Top Suppliers of Gravel and Crushed Stone to Nigeria in 2022:
- Italy (440.0 tons)
- Germany (246.4 tons)
- China (145.3 tons)
- United Kingdom (115.7 tons)
- Belgium (94.1 tons)
- New Zealand (88.3 tons)
- India (87.5 tons)
- Turkey (11.7 tons)
Exports of Gravel and Crushed Stone in Nigeria
In 2022, after three years of growth, there was significant decline in overseas shipments of gravel and crushed stone, when their volume decreased by -35% to 45 tons. In general, exports showed a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, the exports reached the peak of 69 tons, and then reduced rapidly in the following year.
In value terms, gravel and crushed stone exports dropped sharply to $8.6K in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 92%. As a result, the exports attained the peak of $10K, and then shrank significantly in the following year.
| Export of Gravel and Crushed Stone in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 797 | 1,273 | 3,440 | 2,381 | 44.0% |
| United Kingdom | 1,192 | 2,516 | 2,871 | 2,190 | 22.5% |
| China | 433 | 168 | 913 | 690 | 16.8% |
| Ghana | 391 | 786 | 853 | 619 | 16.5% |
| Spain | N/A | N/A | N/A | 310 | 0% |
| Denmark | 34.0 | 84.0 | 113 | 101 | 43.8% |
| Austria | 149 | 76.0 | N/A | N/A | -49.0% |
| Others | 740 | 418 | 2,007 | 2,314 | 46.2% |
| Total | 3,736 | 5,321 | 10,197 | 8,605 | 32.1% |
Top Export Markets for Gravel and Crushed Stone from Nigeria in 2022:
- Niger (24.6 tons)
- Ghana (9.6 tons)
- China (3.6 tons)
- Denmark (1.5 tons)
- Spain (1.3 tons)
- United Kingdom (0.9 tons)
This report provides an in-depth analysis of the market for gravel and crushed stone 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 08121210 - Gravel and pebbles of a kind used for concrete aggregates, f or road metalling or for railway or other ballast, shingle and flint
- Prodcom 08121230 - Crushed stone of a kind used for concrete aggregates, for road metalling or for railway or other ballast (excluding gravel, p ebbles, shingle and flint)
- Prodcom 08121250 - Granules, chippings and powder of marble
- Prodcom 08121290 - Granules, chippings and powder of travertine, ecaussine, granite, porphyry, basalt, sandstone and other monumental stone
- Prodcom 08121300 - Mixtures of slag and similar industrial waste products, w hether or not incorporating pebbles, gravel, shingle and flint for construction use
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
-
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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Global gravel imports totaled X tons in 2016, surging by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period from 2007 to X>
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Global gravel imports totaled X tons in 2016, surging by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period from 2007 to X>
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In value terms, granulated slag imports totaled $X in 2016. Overall, it indicated a modest expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the...
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In value terms, slag, dross imports amounted to $X in 2016. In general, slag, dross imports continue to indicate a deep descent. In that year, global slag, dross imports reached its maximum level o...
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In value terms, slag, ash and residues imports stood at $X in 2016. Overall, slag, ash and residues imports continue to indicate a abrupt setback. Global slag, ash and residues import peaked of $X>
1968
In value terms, slag and ash imports stood at $X in 2016. In general, slag and ash imports continue to indicate a relatively flat trend pattern. Global slag and ash import peaked of $X in 2013; ...
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In value terms, granulated slag exports totaled $X in 2016. In general, granulated slag exports continue to indicate a noticeable growth. In that year, global granulated slag exports reached its ma...
847
In value terms, slag, dross exports stood at $X in 2016. Overall, slag, dross exports continue to indicate a abrupt curtailment. In that year, global slag, dross exports attained its maximum level ...
770
In value terms, slag, ash and residues exports amounted to $X in 2016. Overall, slag, ash and residues exports continue to indicate a relatively flat trend pattern. In that year, global slag, ash a...
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In value terms, slag and ash exports stood at $X in 2016. Overall, slag and ash exports continue to indicate a moderate decline. Global slag and ash export peaked of $X in 2008; however, from X>
