Report Update Nov 1, 2024

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

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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

Frequently Asked Questions (FAQ) :

What are the largest markets for alumina in the world?

The country with the largest volume of alumina consumption was China, comprising approx. 52% of total volume. Moreover, alumina consumption in China exceeded the figures recorded by the second-largest consumer, Australia, fourfold. Russia ranked third in terms of total consumption with a 5.1% share.

What are the largest producers of alumina in the world?

China constituted the country with the largest volume of alumina production, accounting for 54% of total volume. Moreover, alumina production in China exceeded the figures recorded by the second-largest producer, Australia, fourfold. Brazil ranked third in terms of total production with a 7.6% share.

What are the leading suppliers of alumina to Nigeria?

In value terms, Algeria constituted the largest supplier of alumina to Nigeria, comprising 75% of total imports. The second position in the ranking was occupied by Canada, with a 20% share of total imports. It was followed by India, with a 3.1% share.

What are the leading importers of alumina from Nigeria?

In value terms, India remains the key foreign market for alumina exports from Nigeria.

What is the average export price for alumina in Nigeria?

The average alumina export price stood at $135 per ton in 2020, which is down by -11.7% against the previous year.

What is the average import price for alumina in Nigeria?

The average alumina import price stood at $1,387 per ton in 2020, dropping by -3.3% against the previous year.

This report provides an in-depth analysis of the alumina 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 2025.

Product coverage:

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