Nigeria: Market for Articles Of Graphite Or Other Carbon For Electrical Purposes 2025

Market Size for Articles Of Graphite Or Other Carbon For Electrical Purposes in Nigeria

The Nigerien carbon for electrical purposes market reduced to $X in 2022, falling by -7.9% against the previous year. In general, consumption saw a abrupt setback. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Articles Of Graphite Or Other Carbon For Electrical Purposes in Nigeria

In value terms, carbon for electrical purposes production dropped dramatically to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decrease. The growth pace was the most rapid in 2014 when the production volume increased by 59% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Exports from Nigeria

Carbon for electrical purposes exports from Nigeria skyrocketed to X kg in 2022, jumping by 883% compared with the previous year's figure. Over the period under review, exports, however, saw a dramatic curtailment. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, carbon for electrical purposes exports soared to $X in 2022. Overall, exports continue to indicate moderate growth. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X kg) was the main destination for carbon for electrical purposes exports from Nigeria, accounting for a 92% share of total exports. Moreover, carbon for electrical purposes exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Niger (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Cote d'Ivoire amounted to +33.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (-42.6% per year) and Canada (0.0% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for articles of graphite or other carbon for electrical purposes exports from Nigeria, comprising 99% of total exports. The second position in the ranking was held by Niger ($X), with a 0.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Cote d'Ivoire stood at +27.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (-35.2% per year) and Canada (-15.7% per year).

Export Prices by Country

The average carbon for electrical purposes export price stood at $X per ton in 2022, picking up by 66% against the previous year. In general, the export price enjoyed significant growth. The most prominent rate of growth was recorded in 2016 an increase of 430%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Niger ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+12.9%), while the prices for the other major destinations experienced a decline.

Imports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Imports into Nigeria

In 2022, purchases abroad of articles of graphite or other carbon for electrical purposes decreased by -4.3% to X tons, falling for the second consecutive year after seven years of growth. Over the period under review, imports, however, recorded prominent growth. The growth pace was the most rapid in 2014 with an increase of 1,351% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, carbon for electrical purposes imports soared to $X in 2022. Overall, imports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 722% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main carbon for electrical purposes supplier to Nigeria, accounting for a 90% share of total imports. Moreover, carbon for electrical purposes imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +8.7%.

In value terms, China ($X) constituted the largest supplier of articles of graphite or other carbon for electrical purposes to Nigeria, comprising 82% of total imports. The second position in the ranking was taken by India ($X), with a 10% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +16.7%.

Import Prices by Country

In 2022, the average carbon for electrical purposes import price amounted to $X per ton, growing by 54% against the previous year. In general, the import price continues to indicate strong growth. The growth pace was the most rapid in 2013 an increase of 157%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.4%).

Source: IndexBox Platform

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