Report Update Nov 1, 2024

Nigeria - Articles of Bitumen in Rolls - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Nigeria

The Nigerien rolled bitumen articles market contracted to $X in 2021, reducing by -10.5% 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, however, continues to indicate a strong expansion. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Rolled Bitumen Articles Exports

Exports from Nigeria

In 2020, approx. X square meters of articles of bitumen in rolls were exported from Nigeria; approximately mirroring 2019. In general, exports showed a relatively flat trend pattern. The exports peaked in 2020 and are expected to retain growth in the immediate term.

In value terms, rolled bitumen articles exports stood at $X in 2020. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs in 2020 and are likely to continue growth in years to come.

Rolled Bitumen Articles Imports

Imports into Nigeria

After six years of growth, purchases abroad of articles of bitumen in rolls decreased by -15.1% to X square meters in 2021. In general, imports, however, saw strong growth. The pace of growth was the most pronounced in 2018 when imports increased by 86% against the previous year. Over the period under review, imports hit record highs at X square meters in 2020, and then declined rapidly in the following year.

In value terms, rolled bitumen articles imports declined to $X in 2021. Over the period under review, imports, however, recorded noticeable growth. The most prominent rate of growth was recorded in 2020 when imports increased by 94% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2021, Egypt (X square meters) constituted the largest rolled bitumen articles supplier to Nigeria, accounting for a 77% share of total imports. Moreover, rolled bitumen articles imports from Egypt exceeded the figures recorded by the second-largest supplier, Turkey (X square meters), more than tenfold. The third position in this ranking was taken by China (X square meters), with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Egypt stood at +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+1.8% per year) and China (+8.7% per year).

In value terms, Egypt ($X) constituted the largest supplier of articles of bitumen in rolls to Nigeria, comprising 62% of total imports. The second position in the ranking was held by France ($X), with a 4.6% share of total imports. It was followed by Italy, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Egypt totaled +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+20.3% per year) and Italy (-18.0% per year).

Import Prices by Country

In 2021, the average rolled bitumen articles import price amounted to $X per square meter, with an increase of 9.5% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 22%. As a result, import price attained the peak level of $X per square meter. From 2015 to 2021, the average 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 France ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for articles of bitumen in rolls in the world?

The countries with the highest volumes of rolled bitumen articles consumption in 2021 were China, the United States and Japan, together comprising 58% of global consumption. These countries were followed by Russia, Mexico, South Korea, Saudi Arabia, Iran, Germany, Egypt, Turkey, Canada and France, which together accounted for a further 24%.

What are the largest producers of articles of bitumen in rolls in the world?

The countries with the highest volumes of rolled bitumen articles production in 2021 were China, the United States and Russia, with a combined 58% share of global production. Japan, Mexico, Saudi Arabia, Germany, Canada, South Korea, Iran, Italy, France and Turkey lagged somewhat behind, together accounting for a further 27%.

What are the leading suppliers of articles of bitumen in rolls to Nigeria?

In value terms, Egypt constituted the largest supplier of rolled bitumen articles to Nigeria, comprising 66% of total imports. The second position in the ranking was occupied by Bahrain, with an 8.6% share of total imports. It was followed by Germany, with a 6% share.

What is the average export price for articles of bitumen in rolls in Nigeria?

The average rolled bitumen articles export price stood at $1.4 per square meter in 2020, leveling off at the previous year.

What is the average import price for articles of bitumen in rolls in Nigeria?

In 2021, the average rolled bitumen articles import price amounted to $1.6 per square meter, surging by 6.9% against the previous year.

This report provides an in-depth analysis of the rolled bitumen articles 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 23991255 - Articles of asphalt or of similar materials, e.g. petroleum bitumen or coal tar pitch, in rolls

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