Price for Portland Cement, Other than White, Whether or Not Artificially Coloured in Nigeria - 2022
Contents:
- Price for Portland Cement, Other than White, Whether or Not Artificially Coloured in Nigeria (FOB) - 2022
- Price for Portland Cement, Other than White, Whether or Not Artificially Coloured in Nigeria (CIF) - 2022
- Exports of Portland Cement, Other than White, Whether or Not Artificially Coloured in Nigeria
- Imports of Portland Cement, Other than White, Whether or Not Artificially Coloured in Nigeria
Price for Portland Cement, Other than White, Whether or Not Artificially Coloured in Nigeria (FOB) - 2022
In 2022, the average export price for portland cement, other than white, whether or not artificially coloured amounted to $77 per ton, shrinking by -9.6% against the previous year. Over the period under review, the export price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 35% against the previous year. The export price peaked at $113 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($86 per ton), while the average price for exports to Togo totaled $67 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Togo (+8.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Portland Cement, Other than White, Whether or Not Artificially Coloured in Nigeria (CIF) - 2022
In 2022, the average import price for portland cement, other than white, whether or not artificially coloured amounted to $85 per ton, rising by 1.5% against the previous year. In general, the import price, however, recorded a perceptible descent. The growth pace was the most rapid in 2014 an increase of 46% against the previous year. Over the period under review, average import prices reached the peak figure at $104 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($146 per ton), while the price for the United Arab Emirates ($134 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.3%), while the prices for the other major suppliers experienced a decline.
Exports of Portland Cement, Other than White, Whether or Not Artificially Coloured in Nigeria
In 2022, exports of portland cement, other than white, whether or not artificially coloured from Nigeria soared to 811K tons, surging by 19% against the previous year. In general, exports posted a strong expansion. The growth pace was the most rapid in 2021 when exports increased by 364%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of portland cement, other than white, whether or not artificially coloured expanded rapidly to $63M in 2022. Over the period under review, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 336% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.
| Export of Portland Cement, Other than White, Whether or Not Artificially Coloured in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 24.0 | 9.8 | 34.9 | 38.9 | 17.5% |
| Togo | 14.2 | 1.6 | 21.4 | 23.8 | 18.8% |
| Others | N/A | 2.0 | 1.9 | 0.1 | -77.6% |
| Total | 38.3 | 13.4 | 58.2 | 62.8 | 17.9% |
Top Export Markets for Portland Cement, Other than White, Whether or Not Artificially Coloured from Nigeria in 2022:
- Niger (454.6K tons)
- Togo (356.5K tons)
Imports of Portland Cement, Other than White, Whether or Not Artificially Coloured in Nigeria
For the third consecutive year, Nigeria recorded decline in purchases abroad of portland cement, other than white, whether or not artificially coloured, which decreased by -21.1% to 77K tons in 2022. Over the period under review, imports saw a abrupt contraction. The smallest decline of -11.1% was in 2021.
In value terms, imports of portland cement, other than white, whether or not artificially coloured declined sharply to $6.5M in 2022. Overall, imports recorded a abrupt decline. The smallest decline of -10.5% was in 2021.
| Import of Portland Cement, Other than White, Whether or Not Artificially Coloured in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 4.4 | N/A | 5.3 | 20.0 | 65.7% |
| United States | 0.1 | 11.5 | 1.7 | 6.3 | 297.9% |
| France | 1.5 | 4.7 | 1.0 | 3.7 | 35.1% |
| India | N/A | 0.1 | N/A | N/A | 0% |
| South Africa | 0.6 | N/A | N/A | N/A | 0% |
| Others | 10,145 | 9,072 | 8,128 | 6,491 | -13.8% |
| Total | 10,152 | 9,089 | 8,136 | 6,521 | -13.7% |
Top Suppliers of Portland Cement, Other than White, Whether or Not Artificially Coloured to Nigeria in 2022:
- United Arab Emirates (0.1K tons)
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