Report Update Nov 1, 2024

Nigeria - Activated Carbon - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Activated Carbon Market 2024

Activated Carbon Market Size in Nigeria

In 2022, after two years of growth, there was significant decline in the Nigerien activated carbon market, when its value decreased by -28.8% to $X. In general, consumption, however, continues to indicate a strong expansion. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Activated Carbon Exports

Exports from Nigeria

In 2022, after five years of decline, there was significant decline in overseas shipments of activated carbon, when their volume decreased by -32.8% to X tons. Over the period under review, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by 741%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, activated carbon exports contracted significantly to $X in 2022. In general, exports saw a precipitous setback. The most prominent rate of growth was recorded in 2016 when exports increased by 265% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for activated carbon exports from Nigeria, accounting for a 68% share of total exports. Moreover, activated carbon exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold.

From 2014 to 2022, the average annual rate of growth in terms of volume to Germany was relatively modest.

In value terms, Germany ($X) emerged as the key foreign market for activated carbon exports from Nigeria, comprising 97% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 2.9% share of total exports.

From 2014 to 2022, the average annual growth rate of value to Germany was relatively modest.

Export Prices by Country

The average activated carbon export price stood at $X per ton in 2022, with a decrease of -5% against the previous year. Over the period under review, the export price recorded a deep downturn. The pace of growth was the most pronounced in 2017 an increase of 20%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands stood at $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+13.1%), while the prices for the other major destinations experienced mixed trend patterns.

Activated Carbon Imports

Imports into Nigeria

In 2022, purchases abroad of activated carbon decreased by -27.6% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 428%. Over the period under review, imports reached the maximum at X tons in 2021, and then reduced markedly in the following year.

In value terms, activated carbon imports contracted notably to $X in 2022. Over the period under review, imports, however, showed a noticeable expansion. The pace of growth was the most pronounced in 2020 when imports increased by 343% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), India (X tons) and China (X tons) were the main suppliers of activated carbon imports to Nigeria, together comprising 77% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +27.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest activated carbon suppliers to Nigeria were the United States ($X), India ($X) and China ($X), with a combined 67% share of total imports.

India, with a CAGR of +28.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average activated carbon import price stood at $X per ton in 2022, with a decrease of -3.3% against the previous year. Over the period under review, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 46%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for activated carbon in the world?

China remains the largest activated carbon consuming country worldwide, comprising approx. 29% of total volume. Moreover, activated carbon consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. India ranked third in terms of total consumption with an 8.6% share.

What are the largest producers of activated carbon in the world?

China constituted the country with the largest volume of activated carbon production, comprising approx. 35% of total volume. Moreover, activated carbon production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 9.8% share.

What are the leading suppliers of activated carbon to Nigeria?

In value terms, the United States, China and India appeared to be the largest activated carbon suppliers to Nigeria, with a combined 73% share of total imports.

What is the average export price for activated carbon in Nigeria?

The average activated carbon export price stood at $528 per ton in 2021, with an increase of 4% against the previous year.

What is the average import price for activated carbon in Nigeria?

In 2021, the average activated carbon import price amounted to $2,763 per ton, growing by 4.3% against the previous year.

This report provides an in-depth analysis of the activated carbon 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 20595400 - Activated carbon

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