Report Update Nov 1, 2024

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

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Nigeria: Feldspar Market 2024

Feldspar Market Size in Nigeria

The Nigerien feldspar market dropped to $X in 2021, shrinking by -8.3% against the previous year. Overall, consumption, however, recorded a resilient increase. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Feldspar Production in Nigeria

In value terms, feldspar production fell markedly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2015 with an increase of 134%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Feldspar Exports

Exports from Nigeria

In 2021, overseas shipments of feldspar were finally on the rise to reach X tons after two years of decline. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 1,546%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, feldspar exports soared to $X in 2021. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 790%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

India (X tons) and China (X tons) were the main destinations of feldspar exports from Nigeria.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +57.5%).

In value terms, China ($X) and India ($X) were the largest markets for feldspar exported from Nigeria worldwide.

Among the main countries of destination, China, with a CAGR of +23.6%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the average feldspar export price amounted to $X per ton, declining by -55.8% against the previous year. Over the period under review, the export price saw a sharp curtailment. The pace of growth appeared the most rapid in 2020 when the average export price increased by 2.1% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-21.5%).

Feldspar Imports

Imports into Nigeria

In 2021, after three years of growth, there was significant decline in supplies from abroad of feldspar, when their volume decreased by -14.7% to X tons. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 524%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, feldspar imports declined notably to $X in 2021. In general, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 256% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest feldspar supplier to Nigeria, with a 77% share of total imports. Moreover, feldspar imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +23.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+5,976.8% per year) and India (+0.4% per year).

In value terms, China ($X) constituted the largest supplier of feldspar to Nigeria, comprising 95% of total imports. The second position in the ranking was held by India ($X), with a 2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-2.9% per year) and Spain (+616.1% per year).

Import Prices by Country

In 2021, the average feldspar import price amounted to $X per ton, declining by -14.4% against the previous year. Overall, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 75% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for feldspar in the world?

The countries with the highest volumes of feldspar consumption in 2020 were Italy, Turkey and India, together comprising 44% of global consumption.

What are the largest producers of feldspar in the world?

Turkey remains the largest feldspar producing country worldwide, accounting for 31% of total volume. Moreover, feldspar production in Turkey exceeded the figures recorded by the second-largest producer, India, twofold. Italy ranked third in terms of total production with a 13% share.

What are the leading suppliers of feldspar to Nigeria?

In value terms, China constituted the largest supplier of feldspar to Nigeria, comprising 99% of total imports. The second position in the ranking was occupied by India $541), with a 0.9% share of total imports.

What are the leading importers of feldspar from Nigeria?

In value terms, China $784) remains the key foreign market for feldspar exports from Nigeria.

What is the average export price for feldspar in Nigeria?

The average feldspar export price stood at $120 per ton in 2020, increasing by 7.5% against the previous year.

What is the average import price for feldspar in Nigeria?

In 2020, the average feldspar import price amounted to $224 per ton, rising by 184% against the previous year.

This report provides an in-depth analysis of the feldspar 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:

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