Nigeria: Coal Market 2025

Coal Market Size in Nigeria

The Nigerien coal market skyrocketed to $X in 2022, rising by X% against the previous year. In general, consumption enjoyed strong growth. Coal consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Coal Production in Nigeria

In value terms, coal production fell notably to $X in 2022 estimated in export price. Over the period under review, production saw temperate growth. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Coal Exports

Exports from Nigeria

Coal exports from Nigeria soared to X tons in 2022, picking up by X% on 2021. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, coal exports skyrocketed to $X in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Niger (X tons), Togo (X tons) and Benin (X tons) were the main destinations of coal exports from Nigeria, with a combined X% share of total exports.

From 2013 to 2022, the biggest increases were recorded for Togo (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for coal exported from Nigeria were Niger ($X), Togo ($X) and Benin ($X), with a combined X% share of total exports.

Among the main countries of destination, Niger, with a CAGR of X%, 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 more modest paces of growth.

Export Prices by Country

The average coal export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a dramatic curtailment. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, 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 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (X%).

Coal Imports

Imports into Nigeria

In 2022, imports of coal into Nigeria skyrocketed to X tons, growing by X% against the previous year. Over the period under review, imports recorded significant growth. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, coal imports surged to $X in 2022. In general, imports showed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Mozambique (X tons) constituted the largest supplier of coal to Nigeria, with a X% share of total imports. Moreover, coal imports from Mozambique exceeded the figures recorded by the second-largest supplier, South Africa (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Mozambique stood at X.5%.

In value terms, the largest coal suppliers to Nigeria were Mozambique ($X) and South Africa ($X).

In terms of the main suppliers, Mozambique, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the average coal import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price showed a perceptible setback. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, and then dropped notably in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Mozambique totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Source: IndexBox Platform

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