Nigeria: Market for Artificial Graphite, Colloidal, Semi-Colloidal Graphite and Preparations 2025

Market Size for Artificial Graphite, Colloidal, Semi-Colloidal Graphite and Preparations in Nigeria

In 2021, after two years of decline, there was significant growth in the Nigerien artificial and colloidal graphite market, when its value increased by 9.5% to $X. Over the period under review, consumption posted strong growth. Artificial and colloidal graphite consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Artificial Graphite, Colloidal, Semi-Colloidal Graphite and Preparations in Nigeria

In value terms, artificial and colloidal graphite production expanded remarkably to $X in 2021 estimated in export price. Overall, production saw a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 44% against the previous year. Artificial and colloidal graphite production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Artificial Graphite, Colloidal, Semi-Colloidal Graphite and Preparations

Exports from Nigeria

In 2020, approx. X tons of artificial graphite, colloidal, semi-colloidal graphite and preparations were exported from Nigeria; dropping by -32.5% on the previous year. In general, exports, however, showed a mild expansion. The growth pace was the most rapid in 2019 when exports increased by 388% against the previous year. As a result, the exports attained the peak of X tons, and then contracted notably in the following year.

In value terms, artificial and colloidal graphite exports declined significantly to $X in 2020. Overall, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by 762% against the previous year. As a result, the exports attained the peak of $X, and then fell significantly in the following year.

Exports by Country

Uganda (X tons) was the main destination for artificial and colloidal graphite exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2013 to 2020, the average annual rate of growth in terms of volume to Uganda was relatively modest.

In value terms, Uganda ($X) emerged as the key foreign market for artificial graphite, colloidal, semi-colloidal graphite and preparations exports from Nigeria.

From 2013 to 2020, the average annual growth rate of value to Uganda was relatively modest.

Export Prices by Country

The average artificial and colloidal graphite export price stood at $X per ton in 2020, with an increase of 1.6% against the previous year. Over the period under review, the export price showed a prominent increase. The pace of growth was the most pronounced in 2019 an increase of 77% against the previous year. The export price peaked in 2020 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Uganda.

From 2013 to 2020, the rate of growth in terms of prices for India amounted to -10.1% per year.

Imports of Artificial Graphite, Colloidal, Semi-Colloidal Graphite and Preparations

Imports into Nigeria

In 2021, overseas purchases of artificial graphite, colloidal, semi-colloidal graphite and preparations decreased by -48.2% to X tons, falling for the second year in a row after two years of growth. Overall, imports recorded a deep setback. The most prominent rate of growth was recorded in 2018 when imports increased by 209% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, artificial and colloidal graphite imports dropped remarkably to $X in 2021. In general, imports saw a abrupt contraction. The growth pace was the most rapid in 2018 when imports increased by 256%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest artificial and colloidal graphite supplier to Nigeria, accounting for a 56% share of total imports. Moreover, artificial and colloidal graphite imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. The third position in this ranking was held by Poland (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.3% per year) and Poland (+1.6% per year).

In value terms, the UK ($X), the United States ($X) and Germany ($X) constituted the largest artificial and colloidal graphite suppliers to Nigeria, together comprising 67% of total imports.

Among the main suppliers, Germany, with a CAGR of +48.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average artificial and colloidal graphite import price stood at $X per ton in 2021, with an increase of 35% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for China ($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 United Arab Emirates (+130.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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