Report Update Nov 1, 2024

Nigeria - Expanded Clays - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Nigeria: Expanded Clays Market 2024

Expanded Clays Market Size in Nigeria

For the third year in a row, the Nigerien expanded clays market recorded growth in sales value, which increased by 0.1% to $X in 2021. In general, consumption recorded a strong increase. Expanded clays consumption peaked in 2021 and is likely to see gradual growth in years to come.

Expanded Clays Exports

Exports from Nigeria

In 2021, after two years of decline, there was decline in shipments abroad of exfoliated vermiculite, expanded clays and foamed slag, when their volume decreased by 0% to X kg. In general, exports continue to indicate a sharp decrease. The smallest decline of 99.9% was in 2019. The exports peaked at X kg in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, expanded clays exports totaled $X in 2021. Over the period under review, exports continue to indicate a dramatic setback. The smallest decline of 99.9% was in 2019. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X kg) was the main destination for expanded clays exports from Nigeria, accounting for a approx. 50% share of total exports.

From 2018 to 2021, the average annual rate of growth in terms of volume to the Netherlands was relatively modest.

From 2018 to 2021, the average annual rate of growth in terms of value to the Netherlands was relatively modest.

Export Prices by Country

In 2021, the average expanded clays export price amounted to $X per ton, flattening at the previous year. Overall, the export price continues to indicate a slight expansion. The pace of growth appeared the most rapid in 2019 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2018 to 2021, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Expanded Clays Imports

Imports into Nigeria

Expanded clays imports into Nigeria expanded rapidly to X tons in 2021, with an increase of 13% compared with 2020 figures. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 278% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, expanded clays imports contracted to $X in 2021. In general, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 293%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

India (X tons), Italy (X tons) and South Korea (X tons) were the main suppliers of expanded clays imports to Nigeria, with a combined 63% 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 India (with a CAGR of +88.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest expanded clays suppliers to Nigeria were Italy ($X), the UK ($X) and India ($X), together comprising 57% of total imports.

India, with a CAGR of +87.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average expanded clays import price amounted to $X per ton, which is down by -18.3% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, expanded clays import price decreased by -34.2% against 2018 indices. The pace of growth was the most pronounced in 2013 an increase of 74% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+84.4%), 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 exfoliated vermiculite, expanded clays and foamed slag in the world?

China remains the largest expanded clays consuming country worldwide, accounting for 25% of total volume. Moreover, expanded clays 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 India, with a 10% share.

What are the largest producers of exfoliated vermiculite, expanded clays and foamed slag in the world?

The country with the largest volume of expanded clays production was China, comprising approx. 26% of total volume. Moreover, expanded clays production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 10% share.

What are the leading suppliers of exfoliated vermiculite, expanded clays and foamed slag to Nigeria?

In value terms, India constituted the largest supplier of expanded clays to Nigeria, comprising 81% of total imports. The second position in the ranking was occupied by the UK, with a 14% share of total imports.

What are the leading importers of exfoliated vermiculite, expanded clays and foamed slag from Nigeria?

In value terms, Antigua and Barbuda $442) and Denmark $238) appeared to be the largest markets for expanded clays exported from Nigeria worldwide.

What is the average export price for exfoliated vermiculite, expanded clays and foamed slag in Nigeria?

The average expanded clays export price stood at $1,336 per ton in 2018, approximately reflecting the previous year.

What is the average import price for exfoliated vermiculite, expanded clays and foamed slag in Nigeria?

The average expanded clays import price stood at $2,429 per ton in 2020, jumping by 45% against the previous year.

This report provides an in-depth analysis of the expanded clays 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 23991920 - Exfoliated vermiculite, expanded clays, foamed slag and similar expanded mineral materials and mixtures thereof

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