Nigeria: Natural Sand Market 2022

Natural Sand Market Size in Nigeria

After four years of decline, the Nigerien natural sand market increased by 0.6% to $X in 2021. Overall, consumption saw a relatively flat trend pattern. Natural sand consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Natural Sand Production in Nigeria

In value terms, natural sand production amounted to $X in 2021 estimated in export price. In general, production recorded a perceptible reduction. The pace of growth was the most pronounced in 2015 with an increase of 39% against the previous year. Natural sand production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Natural Sand Exports

Exports from Nigeria

Natural sand exports from Nigeria fell rapidly to X tons in 2021, shrinking by -91.7% compared with the year before. In general, exports saw a deep setback. The pace of growth was the most pronounced in 2017 when exports increased by 531% against the previous year. The exports peaked at X tons in 2020, and then declined notably in the following year.

In value terms, natural sand exports declined remarkably to $X in 2021. Overall, exports faced a significant decrease. The pace of growth appeared the most rapid in 2017 with an increase of 319% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for natural sand exports from Nigeria, with a 95% share of total exports. Moreover, natural sand exports to China exceeded the volume sent to the second major destination, Niger (X tons), more than tenfold. India (X kg) ranked third in terms of total exports with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +24.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+28.2% per year) and India (-47.3% per year).

In value terms, China ($X) remains the key foreign market for natural sand exports from Nigeria, comprising 98% of total exports. The second position in the ranking was taken by India ($X), with a 0.7% share of total exports. It was followed by Niger, with a 0.1% share.

From 2012 to 2021, the average annual growth rate of value to China stood at +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-54.6% per year) and Niger (-10.5% per year).

Export Prices by Country

In 2021, the average natural sand export price amounted to $X per ton, surging by 2.4% against the previous year. Over the period under review, the export price, however, saw a abrupt decline. The pace of growth was the most pronounced in 2015 when the average export price increased by 55% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Benin ($X per ton), while the average price for exports to Niger ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+34.6%), while the prices for the other major destinations experienced a decline.

Natural Sand Imports

Imports into Nigeria

For the third year in a row, Nigeria recorded growth in overseas purchases of natural sands, which increased by 3.6% to X tons in 2021. Over the period under review, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 124% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, natural sand imports dropped to $X in 2021. In general, imports, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 61% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest natural sand supplier to Nigeria, accounting for a 63% share of total imports. Moreover, natural sand imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was taken by the Netherlands (X tons), with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at -16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.7% per year) and the Netherlands (+49.5% per year).

In value terms, China ($X), India ($X) and the Netherlands ($X) constituted the largest natural sand suppliers to Nigeria, with a combined 73% share of total imports. Germany, Turkey, France, Italy, Belgium, Lebanon, Spain and Cyprus lagged somewhat behind, together accounting for a further 21%.

Among the main suppliers, Turkey, with a CAGR of +81.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average natural sand import price amounted to $X per ton, shrinking by -9.8% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, natural sand import price decreased by -47.1% against 2019 indices. The growth pace was the most rapid in 2016 an increase of 34%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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Source: IndexBox Platform

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