Report Update Nov 1, 2024

Nigeria - Ammonium Nitrate - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Nigeria: Ammonium Nitrate Market 2024

Ammonium Nitrate Market Size in Nigeria

The Nigerien ammonium nitrate market soared to $X in 2021, jumping by 97% 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). Overall, consumption saw a perceptible expansion. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Ammonium Nitrate Exports

Exports from Nigeria

In 2021, ammonium nitrate exports from Nigeria surged to X tons, with an increase of 71% against 2020 figures. Over the period under review, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 396%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, ammonium nitrate exports surged to $X in 2021. Overall, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 405%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Benin (X tons) was the main destination for ammonium nitrate exports from Nigeria, with a 83% share of total exports. Moreover, ammonium nitrate exports to Benin exceeded the volume sent to the second major destination, Niger (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Benin was relatively modest.

In value terms, Benin ($X) emerged as the key foreign market for ammonium nitrate exports from Nigeria, comprising 83% of total exports. The second position in the ranking was held by Niger ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Benin was relatively modest.

Export Prices by Country

The average ammonium nitrate export price stood at $X per ton in 2021, with an increase of 5.6% against the previous year. In general, the export price, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2019 an increase of 97% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Benin ($X per ton), while the average price for exports to Niger stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Niger (-2.4%).

Ammonium Nitrate Imports

Imports into Nigeria

Ammonium nitrate imports into Nigeria skyrocketed to X tons in 2021, growing by 87% compared with the year before. In general, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ammonium nitrate imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a tangible increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Ukraine (X tons), Russia (X tons) and the UK (X tons) were the main suppliers of ammonium nitrate imports to Nigeria, with a combined 84% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +28.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Ukraine ($X) and Russia ($X) constituted the largest ammonium nitrate suppliers to Nigeria, with a combined 82% share of total imports.

Russia, with a CAGR of +27.3%, 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

In 2021, the average ammonium nitrate import price amounted to $X per ton, increasing by 26% against the previous year. Overall, the import price, however, showed a pronounced decrease. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+2.2%), 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 ammonium nitrate in the world?

Russia constituted the country with the largest volume of ammonium nitrate consumption, accounting for 24% of total volume. Moreover, ammonium nitrate consumption in Russia exceeded the figures recorded by the second-largest consumer, Brazil, threefold. The third position in this ranking was occupied by Uzbekistan, with a 5.4% share.

What are the largest producers of ammonium nitrate in the world?

The country with the largest volume of ammonium nitrate production was Russia, accounting for 41% of total volume. Moreover, ammonium nitrate production in Russia exceeded the figures recorded by the second-largest producer, Uzbekistan, sevenfold. The third position in this ranking was occupied by Saudi Arabia, with a 5.7% share.

What are the leading suppliers of ammonium nitrate to Nigeria?

In value terms, the UK constituted the largest supplier of ammonium nitrate to Nigeria, comprising 78% of total imports. The second position in the ranking was occupied by Russia, with an 18% share of total imports.

What are the leading importers of ammonium nitrate from Nigeria?

In value terms, Benin emerged as the key foreign market for ammonium nitrate exports from Nigeria, comprising 83% of total exports. The second position in the ranking was occupied by Niger, with a 17% share of total exports.

What is the average export price for ammonium nitrate in Nigeria?

The average ammonium nitrate export price stood at $2,204 per ton in 2021, growing by 341% against the previous year.

What is the average import price for ammonium nitrate in Nigeria?

In 2021, the average ammonium nitrate import price amounted to $217 per ton, surging by 4.3% against the previous year.

This report provides an in-depth analysis of the ammonium nitrate 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:

FCL 4003 -

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