Report Update Nov 1, 2024

Nigeria - Calcium Carbonate - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Calcium Carbonate Market 2024

Calcium Carbonate Market Size in Nigeria

After two years of growth, the Nigerien calcium carbonate market decreased by -81.2% to $X in 2021. Overall, consumption recorded a perceptible slump. As a result, consumption attained the peak level of $X, and then reduced dramatically in the following year.

Calcium Carbonate Exports

Exports from Nigeria

In 2021, calcium carbonate exports from Nigeria dropped dramatically to X tons, reducing by -57.9% compared with the previous year. Over the period under review, exports showed a precipitous decrease. The pace of growth was the most pronounced in 2017 when exports increased by 1,840% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, calcium carbonate exports contracted notably to $X in 2021. In general, exports showed a sharp decrease. The pace of growth was the most pronounced in 2017 when exports increased by 2,185%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Benin (X tons), Ghana (X tons) and Mauritania (X tons) were the main destinations of calcium carbonate exports from Nigeria, together comprising 100% of total exports. Niger lagged somewhat behind, accounting for a further 11%.

From 2012 to 2021, the biggest increases were recorded for Niger (with a CAGR of +25.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for calcium carbonate exported from Nigeria were Mauritania ($X), Benin ($X) and Ghana ($X), together comprising 92% of total exports. These countries were followed by Niger, which accounted for a further 7.4%.

Niger, with a CAGR of +2.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average calcium carbonate export price amounted to $X per ton, increasing by 28% against the previous year. In general, the export price, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in 2015 when the average export price increased by 106% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Mauritania ($X per ton), while the average price for exports to Benin ($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 Benin (-1.3%), while the prices for the other major destinations experienced a decline.

Calcium Carbonate Imports

Imports into Nigeria

After two years of growth, supplies from abroad of calcium carbonate decreased by -83.1% to X tons in 2021. Over the period under review, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 535%. As a result, imports attained the peak of X tons, and then shrank rapidly in the following year.

In value terms, calcium carbonate imports contracted dramatically to $X in 2021. Overall, imports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2020 when imports increased by 616% against the previous year. As a result, imports reached the peak of $X, and then declined dramatically in the following year.

Imports by Country

India (X tons), Spain (X tons) and Turkey (X tons) were the main suppliers of calcium carbonate imports to Nigeria, together accounting for 46% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +51.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Vietnam ($X) and Spain ($X) appeared to be the largest calcium carbonate suppliers to Nigeria, with a combined 39% share of total imports.

In terms of the main suppliers, Spain, with a CAGR of +49.7%, saw the highest growth rate of 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

In 2021, the average calcium carbonate import price amounted to $X per ton, growing by 18% against the previous year. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat 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 China ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for calcium carbonate in the world?

The country with the largest volume of calcium carbonate consumption was China, accounting for 20% of total volume. Moreover, calcium carbonate consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with an 8% share.

What are the largest producers of calcium carbonate in the world?

China constituted the country with the largest volume of calcium carbonate production, comprising approx. 21% of total volume. Moreover, calcium carbonate production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with a 5.5% share.

What are the leading suppliers of calcium carbonate to Nigeria?

In value terms, China, Turkey and Jordan appeared to be the largest calcium carbonate suppliers to Nigeria, together accounting for 42% of total imports. These countries were followed by Egypt, France, Malaysia, Hong Kong SAR, India, Vietnam, Indonesia, Greece, Tunisia and Spain, which together accounted for a further 46%.

What are the leading importers of calcium carbonate from Nigeria?

In value terms, Ghana remains the key foreign market for calcium carbonate exports from Nigeria, comprising 64% of total exports. The second position in the ranking was occupied by Benin, with an 18% share of total exports.

What is the average export price for calcium carbonate in Nigeria?

In 2021, the average calcium carbonate export price amounted to $291 per ton, waning by -21.5% against the previous year.

What is the average import price for calcium carbonate in Nigeria?

The average calcium carbonate import price stood at $341 per ton in 2021, with a decrease of -14.7% against the previous year.

This report provides an in-depth analysis of the calcium carbonate 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 20134340 - Calcium carbonate

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