Report Update Apr 1, 2024

Nigeria - Nickel Mattes - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Nickel Matte Market 2024

Nickel Matte Market Size in Nigeria

The Nigerien nickel matte market dropped dramatically to less than $X in 2022, which is down by X% against the previous year. Overall, consumption, however, recorded a significant contraction. Nickel matte consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Nickel Matte Production in Nigeria

In value terms, nickel matte production totaled less than $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume decreased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Nickel Matte Exports

Exports from Nigeria

Nickel matte exports from Nigeria was estimated at X tons in 2021, approximately equating the previous year's figure. Over the period under review, exports continue to indicate a deep downturn. The smallest decline of X% was in 2013. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, nickel matte exports amounted to $X in 2021. In general, exports faced a precipitous slump. The smallest decline of X% was in 2013. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for nickel matte exports from Nigeria, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest.

Export Prices by Country

The average nickel matte export price stood at $X per ton in 2021, approximately reflecting the previous year. In general, the export price faced a dramatic contraction. The pace of growth was the most pronounced in 2013 when the average export price decreased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to X% per year.

Nickel Matte Imports

Imports into Nigeria

In 2016, approx. X kg of nickel mattes were imported into Nigeria; which is down by X% against 2015. Overall, imports faced a significant decline. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2016, imports remained at a lower figure.

In value terms, nickel matte imports contracted sharply to $X in 2016. Over the period under review, imports recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2016, imports stood at a somewhat lower figure.

Imports by Country

In 2016, the UK (X kg) was the main nickel matte supplier to Nigeria, with a X% share of total imports. Moreover, nickel matte imports from the UK exceeded the figures recorded by the second-largest supplier, the United States (X kg), tenfold.

From 2012 to 2016, the average annual rate of growth in terms of volume from the UK stood at X%.

In value terms, the UK ($X) constituted the largest supplier of nickel mattes to Nigeria, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.

From 2012 to 2016, the average annual growth rate of value from the UK totaled X%.

Import Prices by Country

The average nickel matte import price stood at $X per ton in 2016, which is down by X% against the previous year. Over the last four years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2016, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by the UK (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nickel mattes in the world?

The countries with the highest volumes of consumption in 2023 were China, Norway and Botswana, with a combined 56% share of global consumption. Finland, Japan, Russia and Brazil lagged somewhat behind, together accounting for a further 35%.

What are the largest producers of nickel mattes in the world?

The countries with the highest volumes of production in 2022 were Indonesia, Russia and Botswana, with a combined 74% share of global production.

What are the leading suppliers of nickel mattes to Nigeria?

In value terms, the UK $76) constituted the largest supplier of nickel mattes to Nigeria, comprising 97% of total imports. The second position in the ranking was taken by the United States $2), with a 2.6% share of total imports.

What is the average export price for nickel mattes in Nigeria?

The average nickel matte export price stood at $58 per ton in 2021, remaining relatively unchanged against the previous year.

What is the average import price for nickel mattes in Nigeria?

The average nickel matte import price stood at $7,091 per ton in 2016, reducing by -9.6% against the previous year.

This report provides an in-depth analysis of the nickel matte 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 24451210 - Nickel mattes

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