Report Update Nov 1, 2024

Nigeria - Chlorides (Excluding Ammonium Chloride) - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Chlorides Market 2024

Chlorides Market Size in Nigeria

In 2021, the Nigerien chlorides market decreased by -20.3% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption showed a deep setback. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Chlorides Exports

Exports from Nigeria

In 2021, the amount of chlorides (excluding ammonium chloride) exported from Nigeria skyrocketed to X tons, jumping by 66% against the year before. Over the period under review, exports enjoyed noticeable growth. The most prominent rate of growth was recorded in 2017 with an increase of 291% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, chlorides exports stood at $X in 2021. Overall, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2014 when exports increased by 431% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Benin (X tons) and Niger (X tons) were the main destinations of chlorides exports from Nigeria.

From 2012 to 2021, the biggest increases were recorded for Benin (with a CAGR of +8.6%).

In value terms, Benin ($X) and Niger ($X) appeared to be the largest markets for chlorides exported from Nigeria worldwide.

Benin, with a CAGR of +28.6%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average chlorides export price stood at $X per ton in 2021, which is down by -39.8% against the previous year. In general, the export price, however, saw a remarkable increase. The growth pace was the most rapid in 2020 an increase of 87%. As a result, the export price reached the peak level of $X per ton, and then shrank sharply in the following year.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Benin ($X per ton), while the average price for exports to Niger amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

Chlorides Imports

Imports into Nigeria

In 2021, purchases abroad of chlorides (excluding ammonium chloride) decreased by -19.3% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 79%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, chlorides imports fell remarkably to $X in 2021. Overall, imports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2013 with an increase of 77% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Egypt (X tons) constituted the largest supplier of chlorides to Nigeria, accounting for a 40% share of total imports. Moreover, chlorides imports from Egypt exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by the Netherlands (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Egypt totaled +53.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-21.5% per year) and the Netherlands (+26.1% per year).

In value terms, Egypt ($X), the Netherlands ($X) and China ($X) were the largest chlorides suppliers to Nigeria, with a combined 39% share of total imports.

Egypt, with a CAGR of +44.6%, 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 chlorides import price stood at $X per ton in 2021, shrinking by -17% against the previous year. In general, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, chlorides import price decreased by -38.6% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 31%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+11.5%), 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 chlorides (excluding ammonium chloride) in the world?

The countries with the highest volumes of chlorides consumption in 2020 were China, France and the United States, together comprising 38% of global consumption.

What are the largest producers of chlorides (excluding ammonium chloride) in the world?

China constituted the country with the largest volume of chlorides production, comprising approx. 26% of total volume. Moreover, chlorides production in China exceeded the figures recorded by the second-largest producer, France, threefold. The third position in this ranking was occupied by the United States, with an 8.9% share.

What are the leading suppliers of chlorides (excluding ammonium chloride) to Nigeria?

In value terms, the largest chlorides suppliers to Nigeria were China, the Netherlands and Egypt, with a combined 55% share of total imports.

What is the average export price for chlorides (excluding ammonium chloride) in Nigeria?

In 2020, the average chlorides export price amounted to $1,065 per ton, increasing by 820% against the previous year.

What is the average import price for chlorides (excluding ammonium chloride) in Nigeria?

In 2020, the average chlorides import price amounted to $340 per ton, jumping by 41% against the previous year.

This report provides an in-depth analysis of the chlorides 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 20133130 - Chlorides (excluding ammonium chloride)

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