Report Update Nov 1, 2024

Nigeria - Bromides and Bromide Oxides, Iodides and Iodide Oxides - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Market for Bromides And Bromide Oxides, Iodides And Iodide Oxides 2024

Market Size for Bromides And Bromide Oxides, Iodides And Iodide Oxides in Nigeria

The Nigerien market for bromides and bromide oxides, iodides and iodide oxides plummeted to $X in 2021, reducing by -16.9% against the previous year. Over the period under review, consumption, however, posted strong growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Bromides And Bromide Oxides, Iodides And Iodide Oxides in Nigeria

In value terms, bromides, iodides and oxids thereof production skyrocketed to $X in 2021 estimated in export price. In general, production showed a resilient expansion. The growth pace was the most rapid in 2015 when the production volume increased by 148% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from Nigeria

Bromides, iodides and oxids thereof exports from Nigeria reduced slightly to X tons in 2021, declining by -4.6% against the year before. In general, exports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 99%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, bromides, iodides and oxids thereof exports fell to $X in 2021. Over the period under review, exports continue to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 99.9% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Angola (X tons) was the main destination for bromides, iodides and oxids thereof exports from Nigeria, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Angola amounted to -45.8%.

In value terms, Angola ($X) also remains the key foreign market for bromides and bromide oxides, iodides and iodide oxides exports from Nigeria.

From 2012 to 2021, the average annual rate of growth in terms of value to Angola amounted to -45.4%.

Export Prices by Country

The average export price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, waning by -10.2% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Angola amounted to +0.7% per year.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports into Nigeria

Bromides, iodides and oxids thereof imports into Nigeria reduced sharply to X tons in 2021, falling by -81.6% compared with the year before. Overall, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by 1,001%. Imports peaked at X tons in 2020, and then fell remarkably in the following year.

In value terms, bromides, iodides and oxids thereof imports declined markedly to $X in 2021. Over the period under review, imports showed a noticeable descent. The growth pace was the most rapid in 2020 when imports increased by 842%. As a result, imports attained the peak of $X, and then dropped notably in the following year.

Imports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of bromides, iodides and oxids thereof imports to Nigeria, together comprising 79% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +62.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bromides, iodides and oxids thereof suppliers to Nigeria were China ($X), Brazil ($X) and the United States ($X), together accounting for 65% of total imports. The UK, Germany and India lagged somewhat behind, together accounting for a further 30%.

Germany, with a CAGR of +39.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, almost unchanged from the previous year. In general, the import price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 117% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for Germany ($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 UK (-4.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bromides and bromide oxides, iodides and iodide oxides in the world?

The countries with the highest volumes of bromides, iodides and oxids thereof consumption in 2020 were Free Zones, China and the United Arab Emirates, with a combined 44% share of global consumption.

What are the largest producers of bromides and bromide oxides, iodides and iodide oxides in the world?

The countries with the highest volumes of bromides, iodides and oxids thereof production in 2020 were China, Israel and India, together comprising 46% of global production. These countries were followed by Jordan, the United States, the Netherlands, Russia, Brazil, Nigeria, Japan, Turkey, France and Germany, which together accounted for a further 36%.

What are the leading suppliers of bromides and bromide oxides, iodides and iodide oxides to Nigeria?

In value terms, the largest bromides, iodides and oxids thereof suppliers to Nigeria were the United States, China and India, with a combined 91% share of total imports.

What are the leading importers of bromides and bromide oxides, iodides and iodide oxides from Nigeria?

In value terms, Angola remains the key foreign market for bromides, iodides and oxids thereof exports from Nigeria.

What is the average export price for bromides and bromide oxides, iodides and iodide oxides in Nigeria?

The average export price for bromides and bromide oxides, iodides and iodide oxides stood at $11,371 per ton in 2020, increasing by 26% against the previous year.

What is the average import price for bromides and bromide oxides, iodides and iodide oxides in Nigeria?

In 2020, the average import price for bromides and bromide oxides, iodides and iodide oxides amounted to $2,457 per ton, waning by -9.2% against the previous year.

This report provides an in-depth analysis of the market for bromides, iodides and oxids thereof 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 20133170 - Bromides and bromide oxides, iodides and iodide oxides

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
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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
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How to make your supply chain more sustainable
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How to outsource production to other countries
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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