Nigeria: Chalk Market 2022

Chalk Market Size in Nigeria

The Nigerien chalk market soared to $X in 2021, surging by 29% 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). Overall, consumption recorded a significant expansion. Chalk consumption peaked in 2021 and is expected to retain growth in years to come.

Chalk Exports

Exports from Nigeria

In 2021, overseas shipments of chalks decreased by -18.9% to X kg for the first time since 2016, thus ending a four-year rising trend. In general, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by 281%. The exports peaked at X tons in 2020, and then contracted sharply in the following year.

In value terms, chalk exports skyrocketed to $X in 2021. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 746%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Russia (X kg) was the main destination for chalk exports from Nigeria, with a 59% share of total exports. Moreover, chalk exports to Russia exceeded the volume sent to the second major destination, Ukraine (X kg), threefold. The third position in this ranking was taken by Belgium (X kg), with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled +219.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+91.8% per year) and Belgium (-9.2% per year).

In value terms, Russia ($X) remains the key foreign market for chalk exports from Nigeria, comprising 84% of total exports. The second position in the ranking was held by Ukraine ($X), with a 6.4% share of total exports. It was followed by Austria, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia stood at +271.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+14.7% per year) and Austria (+38.5% per year).

Export Prices by Country

In 2021, the average chalk export price amounted to $X per ton, increasing by 108% against the previous year. Overall, the export price continues to indicate significant growth. The growth pace was the most rapid in 2020 when the average export price increased by 355% against the previous year. The export price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to South Africa ($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 Austria (+40.6%), while the prices for the other major destinations experienced more modest paces of growth.

Chalk Imports

Imports into Nigeria

Chalk imports into Nigeria surged to X tons in 2021, jumping by 20% compared with 2020. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 425% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, chalk imports soared to $X in 2021. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 418%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Jordan (X tons), Egypt (X tons) and Germany (X tons) were the main suppliers of chalk imports to Nigeria, with a combined 91% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +130.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chalk suppliers to Nigeria were Jordan ($X), Egypt ($X) and Germany ($X), together accounting for 90% of total imports.

Germany, with a CAGR of +135.1%, recorded the highest rates of growth with regard to 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

The average chalk import price stood at $X per ton in 2021, increasing by 14% against the previous year. In general, the import price, however, continues to indicate a noticeable contraction. The growth pace was the most rapid in 2015 an increase of 37%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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