Report Update Nov 1, 2024

Nigeria - Bituminous Mixtures - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Nigeria

After two years of decline, the Nigerien bituminous mixtures market increased by 34% to $X in 2021. Over the period under review, consumption saw buoyant growth. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Bituminous Mixtures Exports

Exports from Nigeria

In 2021, after three years of decline, there was significant growth in shipments abroad of bituminous mixtures, when their volume increased by 443% to X tons. Overall, exports posted resilient growth. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, bituminous mixtures exports skyrocketed to $X in 2021. In general, exports recorded a remarkable increase. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Niger (X kg) was the main destination for bituminous mixtures exports from Nigeria, with a 69% share of total exports. Moreover, bituminous mixtures exports to Niger exceeded the volume sent to the second major destination, Benin (X kg), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Niger amounted to +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+22.8% per year) and China (0.0% per year).

In value terms, the largest markets for bituminous mixtures exported from Nigeria were China ($X), Niger ($X) and Benin ($X), with a combined 97% share of total exports.

China, with a CAGR of +337.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average bituminous mixtures export price amounted to $X per ton, with an increase of 6.1% against the previous year. Overall, the export price, however, saw a mild reduction. The pace of growth appeared the most rapid in 2015 when the average export price increased by 96%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Benin ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+2.3%), while the prices for the other major destinations experienced a decline.

Bituminous Mixtures Imports

Imports into Nigeria

In 2021, after two years of decline, there was significant growth in overseas purchases of bituminous mixtures, when their volume increased by 42% to X tons. Overall, imports recorded a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of 2,168% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, bituminous mixtures imports soared to $X in 2021. In general, imports saw notable growth. The most prominent rate of growth was recorded in 2014 with an increase of 2,402%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), the UK (X tons) and India (X tons) were the main suppliers of bituminous mixtures imports to Nigeria, together comprising 61% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +68.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and the United States ($X) appeared to be the largest bituminous mixtures suppliers to Nigeria, with a combined 56% share of total imports. India, Malaysia, Egypt, Turkey, Portugal and Italy lagged somewhat behind, together comprising a further 21%.

Turkey, with a CAGR of +35.9%, saw the highest growth rate of the value of imports, among 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 bituminous mixtures import price amounted to $X per ton, shrinking by -16.3% against the previous year. In general, the import price saw a abrupt decline. The pace of growth appeared the most rapid in 2020 an increase of 19%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Portugal ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+9.3%), 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 bituminous mixtures in the world?

China remains the largest bituminous mixtures consuming country worldwide, comprising approx. 23% of total volume. Moreover, bituminous mixtures consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 7.8% share.

What are the largest producers of bituminous mixtures in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 39% of global production. These countries were followed by Japan, France, Russia, Brazil, Indonesia, Italy, the UK, South Korea, Iran and Saudi Arabia, which together accounted for a further 33%.

What are the leading suppliers of bituminous mixtures to Nigeria?

In value terms, the largest bituminous mixtures suppliers to Nigeria were the UK, Malaysia and Germany, with a combined 57% share of total imports. These countries were followed by Spain, the United Arab Emirates, the United States, China, France, South Africa, Turkey and Italy, which together accounted for a further 38%.

What are the leading importers of bituminous mixtures from Nigeria?

In value terms, Niger $447) remains the key foreign market for bituminous mixtures exports from Nigeria, comprising 83% of total exports. The second position in the ranking was occupied by Benin $50), with a 9.3% share of total exports.

What is the average export price for bituminous mixtures in Nigeria?

The average bituminous mixtures export price stood at $202 per ton in 2021, rising by 2.4% against the previous year.

What is the average import price for bituminous mixtures in Nigeria?

The average bituminous mixtures import price stood at $1,202 per ton in 2021, picking up by 4.8% against the previous year.

This report provides an in-depth analysis of the bituminous mixtures 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 23991310 - Bituminous mixtures based on natural and artificial aggregate and bitumen or natural asphalt as a binder

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