Report Update: May 1, 2024

Nigeria - Prepared Additives For Cements, Mortars Or Concretes - Market Analysis, Forecast, Size, Trends And Insights

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Price for Prepared Additives for Cements in Nigeria - 2022

Price for Prepared Additives for Cements in Nigeria (CIF) - 2022

In 2022, the average prepared additives for cements import price amounted to $1,360 per ton, growing by 5.3% against the previous year. In general, the import price, however, saw a mild curtailment. The pace of growth was the most pronounced in 2019 when the average import price increased by 25%. The import price peaked at $1,691 per ton in 2013; however, from 2014 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 Malaysia ($3,713 per ton), while the price for South Korea ($602 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Prepared Additives for Cements in Nigeria (FOB) - 2022

In 2022, the average prepared additives for cements export price amounted to $1,198 per ton, with a decrease of -3.5% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 90%. Over the period under review, the average export prices attained the peak figure at $1,280 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($1,520 per ton), while the average price for exports to Ghana ($620 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 Benin (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Additives for Cements in Nigeria

Prepared additives for cements imports into Nigeria expanded significantly to 9.6K tons in 2022, increasing by 13% on 2021 figures. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +16.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.0% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 84%. As a result, imports attained the peak of 11K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, prepared additives for cements imports surged to $13M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.4% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 67% against the previous year. As a result, imports reached the peak of $16M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Prepared Additives for Cements in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2,291	5,157	2,788	2,984	9.2%
South Africa	159	1,212	2,041	2,535	151.7%
Russia	314	864	1,058	1,158	54.5%
United States	1,022	661	168	805	-7.6%
Brazil	412	677	582	760	22.6%
India	341	711	716	742	29.6%
Malaysia	150	1,308	472	565	55.6%
Turkey	1,799	1,755	750	532	-33.4%
United Arab Emirates	414	665	227	403	-0.9%
Belgium	388	576	339	288	-9.5%
Italy	365	136	206	192	-19.3%
Cyprus	11.4	20.2	24.2	167	144.7%
South Korea	123	159	114	127	1.1%
Others	1,920	2,320	1,486	1,822	-1.7%
Total	9,711	16,219	10,972	13,081	10.4%

Top Suppliers of Prepared Additives for Cements to Nigeria in 2022:

China (4523.9 tons)
South Africa (956.9 tons)
Russia (837.3 tons)
Turkey (445.0 tons)
India (417.2 tons)
Brazil (312.5 tons)
United Arab Emirates (289.0 tons)
United States (287.3 tons)
South Korea (210.2 tons)
Italy (176.7 tons)
Belgium (159.4 tons)
Cyprus (159.3 tons)
Malaysia (152.2 tons)

Exports of Prepared Additives for Cements in Nigeria

In 2022, after three years of growth, there was significant decline in overseas shipments of prepared additives for cements, mortars or concretes, when their volume decreased by -42.3% to 190 tons. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 551%. As a result, the exports attained the peak of 330 tons, and then reduced sharply in the following year.

In value terms, prepared additives for cements exports declined markedly to $228K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 781% against the previous year. As a result, the exports attained the peak of $410K, and then fell remarkably in the following year.

Export of Prepared Additives for Cements in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Africa	9.0	27.5	263	123	139.1%
Benin	6.3	12.9	78.0	54.5	105.3%
Togo	1.6	2.3	56.5	37.0	184.9%
Ghana	3.7	1.8	10.8	12.9	51.6%
Others	7.1	2.0	1.0	0.5	-58.7%
Total	27.6	46.5	410	228	102.2%

Top Export Markets for Prepared Additives for Cements from Nigeria in 2022:

South Africa (81.0 tons)
Benin (57.8 tons)
Togo (30.6 tons)
Ghana (20.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for prepared additives for cements 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 20595750 - Prepared additives for cements, mortars or concretes

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023