
Nigeria - Molybdenum - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Molybdenum Market 2022
Molybdenum Market Size in Nigeria
In 2021, the Nigerien molybdenum market decreased by -X% to $X for the first time since 2011, thus ending a nine-year rising trend. In general, consumption, however, enjoyed a significant expansion. Molybdenum consumption peaked at $X in 2020, and then declined in the following year.
Molybdenum Imports
Imports into Nigeria
In 2021, overseas purchases of molybdenum decreased by -X% to X tonnes for the first time since 2011, thus ending a nine-year rising trend. In general, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2020, and then reduced in the following year.
In value terms, molybdenum imports fell to $X in 2021. Over the period under review, imports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2020, and then declined in the following year.
Imports by Country
In 2021, China (X tonnes) was the main supplier of molybdenum to Nigeria, with a approx. X% share of total imports.
From 2012 to 2021, the average annual growth rate of volume from China stood at +X%.
In value terms, China ($X) constituted the largest supplier of molybdenum to Nigeria.
From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +X%.
Import Prices by Country
The average molybdenum import price stood at $X per tonne in 2021, increasing by X% against the previous year. Over the period under review, the import price, however, showed a sharp decline. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. The import price peaked at $X per tonne in 2012; however, from 2013 to 2021, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2021, the rate of growth in terms of prices for China amounted to -X% per year.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tonnes |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the molybdenum 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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