Report Update Nov 1, 2024

Nigeria - Dolomite - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Dolomite Market 2024

Dolomite Market Size in Nigeria

The Nigerien dolomite market shrank to $X in 2021, waning by -1.9% against the previous year. Over the period under review, consumption, however, saw a tangible increase. Dolomite consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Dolomite Production in Nigeria

In value terms, dolomite production stood at $X in 2021 estimated in export price. Over the period under review, production, however, showed a moderate expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by 180%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Dolomite Exports

Exports from Nigeria

In 2021, overseas shipments of dolomite increased by 5,035% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, dolomite exports surged to $X in 2021. Overall, exports posted a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Guinea (X tons) was the main destination for dolomite exports from Nigeria, with a 97% share of total exports. It was followed by Ghana (X tons), with a 3.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Guinea was relatively modest.

In value terms, Guinea ($X) emerged as the key foreign market for dolomite exports from Nigeria, comprising 94% of total exports. The second position in the ranking was taken by Ghana ($X), with a 4.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Guinea was relatively modest.

Export Prices by Country

In 2021, the average dolomite export price amounted to $X per ton, which is down by -40.4% against the previous year. In general, the export price showed a pronounced contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 98%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was Ghana ($X per ton), while the average price for exports to Guinea stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+0.9%).

Dolomite Imports

Imports into Nigeria

In 2021, approx. X tons of dolomite were imported into Nigeria; picking up by 40,311% on 2020 figures. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, dolomite imports soared to $X in 2021. Over the period under review, imports showed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest dolomite supplier to Nigeria, with a 42% share of total imports. Moreover, dolomite imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Norway (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +29.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.9% per year) and Norway (-4.2% per year).

In value terms, Spain ($X) constituted the largest supplier of dolomite to Nigeria, comprising 45% of total imports. The second position in the ranking was held by China ($X), with an 8.2% share of total imports. It was followed by Norway, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value from Spain stood at +30.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.2% per year) and Norway (-11.1% per year).

Import Prices by Country

In 2021, the average dolomite import price amounted to $X per ton, rising by 14% against the previous year. Overall, the import price, however, saw a pronounced downturn. The growth pace was the most rapid in 2019 when the average import price increased by 50%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+17.3%), 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 dolomite in the world?

China remains the largest dolomite consuming country worldwide, comprising approx. 20% of total volume. Moreover, dolomite consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Russia, with a 7.1% share.

What are the largest producers of dolomite in the world?

The country with the largest volume of dolomite production was China, comprising approx. 21% of total volume. Moreover, dolomite production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. Russia ranked third in terms of total production with a 7.1% share.

What are the leading suppliers of dolomite to Nigeria?

In value terms, China $439) constituted the largest supplier of dolomite to Nigeria, comprising 89% of total imports. The second position in the ranking was occupied by Spain $48), with a 9.8% share of total imports.

What are the leading importers of dolomite from Nigeria?

In value terms, Ghana remains the key foreign market for dolomite exports from Nigeria.

What is the average export price for dolomite in Nigeria?

In 2020, the average dolomite export price amounted to $162 per ton, remaining constant against the previous year.

What is the average import price for dolomite in Nigeria?

The average dolomite import price stood at $149 per ton in 2020, surging by 4.3% against the previous year.

This report provides an in-depth analysis of the dolomite 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 08113030 - Dolomite, crude, roughly trimmed or merely cut into rectangular or square blocks or slabs (excluding calcined or sintered dolomite, agglomerated dolomite and broken or crushed dolomite for concrete aggregates, road metalling or railway or other ballast)

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