Report Update Apr 1, 2024

Nigeria - Slate - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Slate Market 2024

Slate Market Size in Nigeria

In 2022, after three years of decline, there was significant growth in the Nigerien slate market, when its value increased by X% to $X. Over the period under review, consumption continues to indicate a resilient increase. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Slate Exports

Exports from Nigeria

In 2020, shipments abroad of slate decreased by X% to X kg, falling for the second year in a row after two years of growth. In general, exports faced a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports reached the peak of X kg. From 2019 to 2020, the growth of the exports remained at a somewhat lower figure.

In value terms, slate exports amounted to $X in 2020. Over the period under review, exports saw a abrupt setback. The smallest decline of X% was in 2018. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X kg) was the main destination for slate exports from Nigeria, accounting for a approx. X% share of total exports.

From 2015 to 2020, the average annual growth rate of volume to Indonesia was relatively modest.

From 2015 to 2020, the average annual growth rate of value to Indonesia was relatively modest.

Export Prices by Country

In 2020, the average slate export price amounted to $X per ton, standing approx. at the previous year. Overall, the export price saw strong growth. The pace of growth was the most pronounced in 2018 when the average export price decreased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2020 and is expected to retain growth in the near future.

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

From 2015 to 2020, the rate of growth in terms of prices for Indonesia amounted to X% per year.

Slate Imports

Imports into Nigeria

In 2022, after three years of decline, there was significant growth in purchases abroad of slate, when their volume increased by X% to X tons. In general, imports saw a resilient increase. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, slate imports surged to $X in 2022. Overall, imports posted strong growth. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest slate supplier to Nigeria, accounting for a X% share of total imports. Moreover, slate imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to X%.

In value terms, Spain ($X) constituted the largest supplier of slate to Nigeria, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Spain totaled X%.

Import Prices by Country

The average slate import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for slate in the world?

Sudan remains the largest slate consuming country worldwide, accounting for 81% of total volume. Moreover, slate consumption in Sudan exceeded the figures recorded by the second-largest consumer, China, more than tenfold.

What are the largest producers of slate in the world?

The country with the largest volume of slate production was Sudan, accounting for 80% of total volume. Moreover, slate production in Sudan exceeded the figures recorded by the second-largest producer, China, more than tenfold. The third position in this ranking was taken by Japan, with a 3.7% share.

What are the leading suppliers of slate to Nigeria?

In value terms, Spain constituted the largest supplier of slate to Nigeria, comprising 88% of total imports. The second position in the ranking was taken by China, with a 12% share of total imports.

What is the average export price for slate in Nigeria?

The average slate export price stood at $552 per ton in 2020, stabilizing at the previous year.

What is the average import price for slate in Nigeria?

In 2022, the average slate import price amounted to $858 per ton, increasing by 5.8% against the previous year.

This report provides an in-depth analysis of the slate 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 08114000 - Slate, crude, roughly trimmed or merely cut into rectangular or square blocks or slabs

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