Nigeria - Silicates, Commercial Alkali Metal Silicates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSilicates Price in Nigeria - 2022
Contents:
- Silicates Price in Nigeria (CIF) - 2022
- Silicates Price in Nigeria (FOB) - 2022
- Silicates Imports in Nigeria
- Silicates Exports in Nigeria
Silicates Price in Nigeria (CIF) - 2022
The average silicates import price stood at $581 per ton in June 2022, rising by 49% against the previous month. Over the period under review, the import price, however, recorded a slight setback. The growth pace was the most rapid in February 2022 an increase of 383% month-to-month. As a result, import price reached the peak level of $887 per ton. From March 2022 to June 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2022, the country with the highest price was China ($1,185 per ton), while the price for India ($310 per ton) was amongst the lowest.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by Egypt (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Silicates Price in Nigeria (FOB) - 2022
The average silicates export price stood at $309 per ton in 2022, increasing by 34% against the previous year. Over the period under review, the export price, however, recorded a mild slump. The pace of growth appeared the most rapid in 2016 an increase of 59% against the previous year. Over the period under review, the average export prices hit record highs at $830 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($471 per ton), while the average price for exports to Cote d'Ivoire amounted to $128 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+24.7%), while the prices for the other major destinations experienced a decline.
Silicates Imports in Nigeria
In 2022, overseas purchases of silicates, commercial alkali metal silicates decreased by -90.1% to 1.3K tons, falling for the second consecutive year after two years of growth. In general, imports faced a sharp descent. The growth pace was the most rapid in 2020 with an increase of 94% against the previous year. As a result, imports reached the peak of 15K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, silicates imports dropped significantly to $895K in 2022. Over the period under review, imports showed a precipitous decline. The most prominent rate of growth was recorded in 2020 with an increase of 91%. As a result, imports attained the peak of $7.3M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Silicates in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 525 | 859 | 3,004 | 459 | -4.4% |
India | 805 | 2,628 | 1,676 | 196 | -37.6% |
Italy | 355 | 467 | 412 | 48.5 | -48.5% |
France | 339 | 370 | 197 | 35.6 | -52.8% |
Spain | 285 | 619 | 424 | 35.3 | -50.2% |
Romania | 196 | 287 | 269 | 33.5 | -44.5% |
Germany | 807 | 707 | 183 | 20.7 | -70.5% |
Others | 492 | 1,330 | 1,035 | 66.7 | -48.6% |
Total | 3,804 | 7,267 | 7,201 | 895 | -38.3% |
Top Suppliers of Silicates to Nigeria in 2022:
- China (505.8 tons)
- India (425.3 tons)
- France (116.3 tons)
- Germany (72.6 tons)
- Romania (42.5 tons)
- Italy (40.2 tons)
- Spain (18.2 tons)
Silicates Exports in Nigeria
In 2022, after three years of growth, there was significant decline in overseas shipments of silicates, commercial alkali metal silicates, when their volume decreased by -24.8% to 98 tons. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 165%. As a result, the exports reached the peak of 130 tons, and then declined sharply in the following year.
In value terms, silicates exports totaled $30K in 2022. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 71% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.
Export of Silicates in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ghana | 2.8 | 7.1 | 17.1 | 24.3 | 105.5% |
Cote d'Ivoire | 8.2 | 10.5 | 12.9 | 5.9 | -10.4% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 11.1 | 17.6 | 30.0 | 30.2 | 39.6% |
Top Export Markets for Silicates from Nigeria in 2022:
- Ghana (51.6 tons)
- Cote d'Ivoire (46.2 tons)
This report provides an in-depth analysis of the silicates 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 20136240 - Silicates, commercial alkali metal silicates
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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In value terms, commercial alkali metal silicates imports totaled $X in 2016. Overall, commercial alkali metal silicates imports continue to indicate a relatively flat trend pattern. In that year, ...
In value terms, commercial alkali metal silicates exports stood at $X in 2016. Overall, commercial alkali metal silicates exports continue to indicate a relatively flat trend pattern. Global commer...
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In value terms, commercial alkali metal silicates imports totaled $X in 2016. Overall, commercial alkali metal silicates imports continue to indicate a relatively flat trend pattern. In that year, ...
In value terms, commercial alkali metal silicates exports stood at $X in 2016. Overall, commercial alkali metal silicates exports continue to indicate a relatively flat trend pattern. Global commer...