Nigeria: Common Clay Market 2024

Common Clay Market Size in Nigeria

The Nigerien common clay market dropped notably to $X in 2022, waning by -32.3% 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 showed a abrupt slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Common Clay Exports

Exports from Nigeria

In 2022, overseas shipments of common clay decreased by -15.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 905% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, common clay exports declined to $X in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,001%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Niger (X tons) was the main destination for common clay exports from Nigeria, with a 61% share of total exports. Moreover, common clay exports to Niger exceeded the volume sent to the second major destination, Brazil (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Niger totaled +27.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (0.0% per year) and Benin (-8.8% per year).

In value terms, Brazil ($X), Niger ($X) and Benin ($X) appeared to be the largest markets for common clay exported from Nigeria worldwide, with a combined 38% share of total exports.

In terms of the main countries of destination, Niger, with a CAGR of +33.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average common clay export price stood at $X per ton in 2022, with an increase of 3.6% against the previous year. In general, the export price, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Benin ($X per ton), while the average price for exports to Niger ($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 Gabon (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.

Common Clay Imports

Imports into Nigeria

In 2022, approx. X tons of common clay were imported into Nigeria; waning by -32.1% compared with the previous year. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 183% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, common clay imports reduced notably to $X in 2022. Overall, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 183%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of common clay to Nigeria, with a 38% share of total imports. Moreover, common clay imports from India exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Greece (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.9% per year) and Greece (+14.3% per year).

In value terms, the United States ($X) constituted the largest supplier of common clay to Nigeria, comprising 32% of total imports. The second position in the ranking was held by India ($X), with a 15% share of total imports. It was followed by Greece, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+14.4% per year) and Greece (+19.7% per year).

Import Prices by Country

In 2022, the average common clay import price amounted to $X per ton, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2013 when the average import price increased by 40%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 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 China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+26.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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