Nigeria: Market for Ceramic Wares For Laboratory Or Technical Uses 2024

Market Size for Ceramic Wares For Laboratory Or Technical Uses in Nigeria

The Nigerien market for ceramic wares for laboratory or technical uses dropped rapidly to $X in 2022, with a decrease of -19.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a temperate increase. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Ceramic Wares For Laboratory Or Technical Uses

Exports from Nigeria

In 2022, the amount of ceramic wares for laboratory or technical uses exported from Nigeria skyrocketed to X tons, jumping by 650% compared with 2021. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of ceramic wares for laboratory or technical uses surged to $X in 2022. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark (X kg) was the main destination for exports of ceramic wares for laboratory or technical uses from Nigeria, accounting for a 50% share of total exports. It was followed by Niger (X kg), with a 0.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Denmark was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+2.5% per year) and Cote d'Ivoire (-10.4% per year).

In value terms, Denmark ($X) emerged as the key foreign market for ceramic wares for laboratory or technical uses exports from Nigeria, comprising 49% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 0.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Denmark was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+6.9% per year) and Niger (+10.9% per year).

Export Prices by Country

The average export price for ceramic wares for laboratory or technical uses stood at $X per ton in 2022, with an increase of 8% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for ceramic wares for laboratory or technical uses increased by +23.8% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 49%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, 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 Cote d'Ivoire (+19.3%).

Imports of Ceramic Wares For Laboratory Or Technical Uses

Imports into Nigeria

In 2022, imports of ceramic wares for laboratory or technical uses into Nigeria reduced rapidly to X tons, declining by -46.5% against the year before. In general, imports continue to indicate a slight setback. The pace of growth appeared the most rapid in 2021 when imports increased by 552% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of ceramic wares for laboratory or technical uses expanded markedly to $X in 2022. Over the period under review, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 550% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest ceramic wares for laboratory or technical uses supplier to Nigeria, accounting for a 58% share of total imports. Moreover, imports of ceramic wares for laboratory or technical uses from China exceeded the figures recorded by the second-largest supplier, Denmark (X tons), fivefold. Italy (X tons) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-0.5% per year) and Italy (-3.6% per year).

In value terms, China ($X), Denmark ($X) and the United States ($X) constituted the largest ceramic wares for laboratory or technical uses suppliers to Nigeria, together comprising 39% of total imports.

Among the main suppliers, the United States, with a CAGR of +25.9%, 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

The average import price for ceramic wares for laboratory or technical uses stood at $X per ton in 2022, surging by 108% against the previous year. Overall, the import price showed a buoyant increase. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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