Nigeria: Alumina Market 2020

Alumina Market Size in Nigeria

The revenue of the alumina market in Nigeria amounted to $X in 2018, coming down by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, alumina consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the market value increased by X% y-o-y. Alumina consumption peaked at $X in 2017, and then declined slightly in the following year.

Alumina Exports

Exports from Nigeria

Alumina exports from Nigeria stood at X tons in 2018, shrinking by -X% against the previous year. Overall, alumina exports continue to indicate a drastic decrease. The pace of growth appeared the most rapid in 2012 when exports increased by X% against the previous year. In that year, alumina exports attained their peak of X tons. From 2013 to 2018, the growth of alumina exports failed to regain its momentum.

In value terms, alumina exports amounted to $X in 2018. In general, alumina exports continue to indicate a drastic curtailment. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. In that year, alumina exports attained their peak of $X. From 2013 to 2018, the growth of alumina exports remained at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for alumina exports from Nigeria, accounting for a approx. X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of volume to India amounted to -X%.

In value terms, India ($X) also remains the key foreign market for alumina exports from Nigeria.

From 2007 to 2018, the average annual rate of growth in terms of value to India totaled -X%.

Export Prices by Country

The average alumina export price stood at $X per ton in 2018, dropping by -X% against the previous year. In general, the alumina export price continues to indicate a drastic reduction. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. In that year, the average export prices for alumina reached their peak level of $X per ton. From 2015 to 2018, the growth in terms of the average export prices for alumina failed to regain its momentum.

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

From 2007 to 2018, the rate of growth in terms of prices for India amounted to -X% per year.

Alumina Imports

Imports into Nigeria

In 2018, approx. X tons of alumina were imported into Nigeria; falling by -X% against the previous year. Overall, alumina imports continue to indicate a slight shrinkage. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Over the period under review, alumina imports attained their peak figure at X tons in 2017, and then declined slightly in the following year.

In value terms, alumina imports totaled $X in 2018. In general, alumina imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2009 when imports increased by X% against the previous year. Imports peaked at $X in 2010; however, from 2011 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Jamaica (X tons) constituted the largest supplier of alumina to Nigeria, accounting for a X% share of total imports. Moreover, alumina imports from Jamaica exceeded the figures recorded by the second-largest supplier, China, Hong Kong SAR (X tons), ninefold. The third position in this ranking was occupied by Canada (X tons), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Jamaica was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China, Hong Kong SAR (+X% per year) and Canada (-X% per year).

In value terms, the largest alumina suppliers to Nigeria were Algeria ($X), Jamaica ($X) and Canada ($X), with a combined X% share of total imports.

Algeria experienced the highest rates of growth with regard to imports, in terms of the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average alumina import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the alumina import price continues to indicate slight growth. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. Over the period under review, the average import prices for alumina reached their peak figure at $X per ton in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Algeria ($X per ton), while the price for Jamaica ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Algeria, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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