Nigeria: Manganese Market 2020

Manganese Market Size in Nigeria

The revenue of the manganese market in Nigeria amounted to $X in 2017, surging by X% against the previous year. In general, manganese consumption continues to indicate a significant descent. The growth pace was the most rapid in 2017, when it surged by X% against the previous year. Over the period under review, the manganese market reached its maximum level of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Manganese Production in Nigeria

In 2017, production of manganese in Nigeria amounted to X tonnes, flattening at the previous year. Overall, manganese production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011, with an increase of X% against the previous year. Over the period under review, the manganese production reached its peak figure volume in 2017, and is likely to continue its growth in the near future.

Manganese Exports from Nigeria

In 2017, exports of manganese from Nigeria totaled X kg, shrinking by -X% against the previous year. In general, manganese exports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2009, with an increase of -X% against the previous year. Nigeria exports peaked of X tonnes in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, manganese exports amounted to $X in 2017. Overall, manganese exports continue to indicate a dramatic deduction. Nigeria exports peaked of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Manganese Exports by Country from Nigeria

China prevails in manganese exports structure, finishing at X tonnes, which was approx. X% of total exports in 2017. The Netherlands (X tonnes) took a X% share (based on tonnes) of total exports, which put it in second place, followed by South Africa (X%). Germany (X tonnes) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to manganese exports from China stood at +X%. At the same time, the Netherlands (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. Germany experienced a relatively flat trend pattern. By contrast, South Africa (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of South Africa increased by X% percentage points, while the Netherlands (-X%) and China (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest manganese supplier from Nigeria, making up X% of global exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of global exports. It was followed by South Africa, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in China was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and South Africa (-X% per year).

Manganese Export Prices by Country in Nigeria

In 2017, the manganese export price in Nigeria amounted to $X per tonne, falling by -X% against the previous year. In general, manganese export price continues to indicate a mild drop. The pace of growth was the most pronounced in 2008, when the export prices increased by X% year-to-year. In that year, the export prices for manganese reached their peak level of $X per tonne. From 2009 to 2017, growth of the export prices for manganese stood at a somewhat lower level.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Germany ($X per tonne) and China ($X per tonne), while the Netherlands ($X per tonne) and South Africa ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by South Africa (+X% per year), while the other leaders experienced a decline in the export price figures.

Manganese Imports into Nigeria

In 2017, approx. X tonnes of manganese were imported into Nigeria; coming down by -X% against the previous year. Overall, manganese imports continue to indicate a drastic curtailment. The most prominent rate of growth was recorded in 2008, when it surged by -X% against the previous year. Nigeria imports peaked of X tonnes in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, manganese imports amounted to $X in 2017. In general, manganese imports continue to indicate a drastic decline. Over the period under review, the manganese imports reached its maximum level of $X in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

Manganese Imports by Country into Nigeria

The imports of the five major importers of manganese, namely South Korea, India, Japan, Russia and Germany, represented more than two-thirds of total import. The U.S. (X tonnes) ranks second in terms of the global imports with a X% share, followed by the Netherlands (X%). Austria (X tonnes), Brazil (X tonnes), Taiwan, Chinese (X tonnes), Belgium (X tonnes) and France (X tonnes) held the slight share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest manganese markets worldwide were South Korea ($X), Japan ($X) and Russia ($X), with a combined X% share of total imports.

Among the main importing countries, Russia (+X% per year) recorded the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Manganese Import Prices by Country in Nigeria

The manganese import price in Nigeria stood at $X per tonne in 2017, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008, an increase of X% year-to-year. Nigeria import price peaked of $X per tonne in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was France ($X per tonne), while India ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Russia (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform