Report Update Nov 1, 2024

Nigeria - Antimony Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Market for Antimony Ores and Concentrates 2024

Market Size for Antimony Ores and Concentrates in Nigeria

The Nigerien antimony ore and concentrate market declined to $X in 2021, reducing by -6.3% against the previous year. In general, consumption, however, recorded a significant expansion. Over the period under review, the market reached the peak level at $X in 2020, and then reduced in the following year.

Production of Antimony Ores and Concentrates in Nigeria

In value terms, antimony ore and concentrate production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when the production volume increased by 19% against the previous year. As a result, production reached the peak level of $X, and then dropped in the following year.

Exports of Antimony Ores and Concentrates

Exports from Nigeria

In 2021, the amount of antimony ores and concentrates exported from Nigeria contracted remarkably to X tons, which is down by -16.4% on 2020 figures. Overall, exports recorded a dramatic decline. The smallest decline of -8.6% was in 2014. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, antimony ore and concentrate exports stood at $X in 2021. Over the period under review, exports showed a precipitous contraction. The pace of growth was the most pronounced in 2020 with an increase of 3.9% against the previous year. 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

India (X tons) was the main destination for antimony ore and concentrate exports from Nigeria, with a 75% share of total exports. Moreover, antimony ore and concentrate exports to India exceeded the volume sent to the second major destination, China (X tons), threefold.

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

In value terms, India ($X) emerged as the key foreign market for antimony ores and concentrates exports from Nigeria, comprising 87% of total exports. The second position in the ranking was taken by China ($X), with a 13% share of total exports.

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

Export Prices by Country

In 2021, the average antimony ore and concentrate export price amounted to $X per ton, growing by 24% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-6.3%).

Imports of Antimony Ores and Concentrates

Imports into Nigeria

In 2021, purchases abroad of antimony ores and concentrates was finally on the rise to reach X kg after eight years of decline. Overall, imports, however, showed a precipitous setback. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, antimony ore and concentrate imports amounted to $X in 2021. Over the period under review, imports, however, saw a dramatic contraction. The pace of growth was the most pronounced in 2015 with an increase of 13%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2020, Germany (X kg) was the main supplier of antimony ore and concentrate to Nigeria, with a approx. 100% share of total imports.

From 2015 to 2020, the average annual growth rate of volume from Germany totaled -42.2%.

In value terms, Germany ($X) constituted the largest supplier of antimony ores and concentrates to Nigeria.

From 2015 to 2020, the average annual growth rate of value from Germany stood at -52.1%.

Import Prices by Country

The average antimony ore and concentrate import price stood at $X per ton in 2020, shrinking by -22% against the previous year. Over the period under review, the import price recorded a abrupt downturn. The pace of growth was the most pronounced in 2016 when the average import price increased by 0.1%. As a result, import price reached the peak level of $X per ton. From 2017 to 2020, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2015 to 2020, the rate of growth in terms of prices for China amounted to +0.1% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for antimony ores and concentrates in the world?

The country with the largest volume of antimony ore and concentrate consumption was China, comprising approx. 60% of total volume. Moreover, antimony ore and concentrate consumption in China exceeded the figures recorded by the second-largest consumer, Russia, threefold. Tajikistan ranked third in terms of total consumption with a 9.9% share.

What are the largest producers of antimony ores and concentrates in the world?

China constituted the country with the largest volume of antimony ore and concentrate production, accounting for 53% of total volume. Moreover, antimony ore and concentrate production in China exceeded the figures recorded by the second-largest producer, Russia, twofold. The third position in this ranking was occupied by Tajikistan, with an 11% share.

What are the leading suppliers of antimony ores and concentrates to Nigeria?

In value terms, Germany constituted the largest supplier of antimony ore and concentrate to Nigeria.

What are the leading importers of antimony ores and concentrates from Nigeria?

In value terms, China remains the key foreign market for antimony ore and concentrate exports from Nigeria.

What is the average export price for antimony ores and concentrates in Nigeria?

In 2020, the average antimony ore and concentrate export price amounted to $501 per ton, shrinking by -20.3% against the previous year.

What is the average import price for antimony ores and concentrates in Nigeria?

In 2020, the average antimony ore and concentrate import price amounted to $2,616 per ton, dropping by -60.2% against the previous year.

This report provides an in-depth analysis of the market for antimony ore and concentrate 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:

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