Nigeria: Pyrites Market 2022

Pyrites Market Size in Nigeria

In 2021, the Nigerien pyrites market increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, consumption, however, saw a abrupt contraction. Pyrites consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Pyrites Exports

Exports from Nigeria

Pyrites exports from Nigeria stood at less than X kg in 2021, remaining constant against 2020 figures. In general, exports recorded a relatively flat trend pattern. The exports peaked at X kg in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, pyrites exports totaled less than $X in 2021. Overall, exports recorded a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Pyrites Imports

Imports into Nigeria

In 2021, purchases abroad of pyrites increased by X% to X tonnes, rising for the third year in a row after two years of decline. Over the period under review, imports, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, pyrites imports declined slightly to $X in 2021. Overall, imports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tonnes) and India (X tonnes) were the main suppliers of pyrites imports to Nigeria.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +X value terms, China ($X) and India ($X) were the largest pyrites suppliers to Nigeria.

Among the main suppliers, India, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the average pyrites import price amounted to $X per tonne, approximately mirroring the previous year. In general, the import price saw a abrupt slump. The pace of growth was the most pronounced in 2014 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.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was India ($X per tonne), while the price for China totaled $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-X%).

Source: IndexBox Platform