Report Update Nov 1, 2024

Nigeria - Ferro-Manganese - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Ferro-Manganese Market 2024

Ferro-Manganese Market Size in Nigeria

In 2022, the Nigerien ferro-manganese market increased by 50% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, recorded a deep setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Ferro-Manganese Exports

Exports from Nigeria

In 2022, shipments abroad of ferro-manganese decreased by 0% to X kg, falling for the second year in a row after nine years of growth. Overall, exports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 16% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, ferro-manganese exports totaled $X in 2022. In general, exports saw a abrupt downturn. The growth pace was the most rapid in 2014 when exports increased by 24%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Niger (X kg) was the main destination for ferro-manganese exports from Nigeria, with a 93% share of total exports. Moreover, ferro-manganese exports to Niger exceeded the volume sent to the second major destination, the Netherlands (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Niger totaled -44.8%.

In value terms, the Netherlands ($X) and Niger ($X) appeared to be the largest markets for ferro-manganese exported from Nigeria worldwide.

The Netherlands, with a CAGR of +20.6%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average ferro-manganese export price amounted to $X per ton, remaining constant against the previous year. In general, the export price enjoyed significant growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+62.8%), while the prices for the other major destinations experienced mixed trend patterns.

Ferro-Manganese Imports

Imports into Nigeria

In 2022, purchases abroad of ferro-manganese was finally on the rise to reach X tons after four years of decline. In general, imports, however, recorded a abrupt downturn. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, ferro-manganese imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a drastic downturn. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Africa (X tons) constituted the largest supplier of ferro-manganese to Nigeria, accounting for a 72% share of total imports. Moreover, ferro-manganese imports from South Africa exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was taken by China (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Africa stood at -13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-18.6% per year) and China (-13.9% per year).

In value terms, South Africa ($X) constituted the largest supplier of ferro-manganese to Nigeria, comprising 82% of total imports. The second position in the ranking was held by India ($X), with an 8.9% share of total imports. It was followed by China, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value from South Africa stood at -7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-5.1% per year) and China (-13.9% per year).

Import Prices by Country

The average ferro-manganese import price stood at $X per ton in 2022, surging by 64% against the previous year. In general, the import price posted a strong increase. The pace of growth appeared the most rapid in 2014 when the average import price increased by 147%. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by the UK (+24.3%), 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 ferro-manganese in the world?

The country with the largest volume of ferro-manganese consumption was China, comprising approx. 37% of total volume. Moreover, ferro-manganese consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. Japan ranked third in terms of total consumption with an 8.5% share.

What are the largest producers of ferro-manganese in the world?

China remains the largest ferro-manganese producing country worldwide, comprising approx. 36% of total volume. Moreover, ferro-manganese production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Japan, with a 7.6% share.

What are the leading suppliers of ferro-manganese to Nigeria?

In value terms, India constituted the largest supplier of ferro-manganese to Nigeria, comprising 50% of total imports. The second position in the ranking was occupied by China, with a 19% share of total imports. It was followed by South Africa, with a 19% share.

What are the leading importers of ferro-manganese from Nigeria?

In value terms, Niger $700) remains the key foreign market for ferro-manganese exports from Nigeria.

What is the average export price for ferro-manganese in Nigeria?

In 2020, the average ferro-manganese export price amounted to $1,113 per ton, which is down by -8.3% against the previous year.

What is the average import price for ferro-manganese in Nigeria?

The average ferro-manganese import price stood at $2,103 per ton in 2020, surging by 104% against the previous year.

This report provides an in-depth analysis of the ferro-manganese 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 24101215 - Ferro-manganese

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