Report Update Nov 1, 2024

Nigeria - Granules, Chippings and Powder of Marble - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Market for Granules, Chippings And Powder Of Marble 2024

Market Size for Granules, Chippings And Powder Of Marble in Nigeria

The Nigerien marble granules and powder market rose significantly to $X in 2021, with an increase of 14% against the previous year. Over the period under review, consumption posted a remarkable increase. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Granules, Chippings And Powder Of Marble in Nigeria

In value terms, marble granules and powder production surged to $X in 2021 estimated in export price. In general, production posted a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of 82% against the previous year. Marble granules and powder production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Granules, Chippings And Powder Of Marble

Exports from Nigeria

In 2017, approx. X tons of granules, chippings and powder of marble were exported from Nigeria; stabilizing at 2016 figures. Over the period under review, exports showed a dramatic descent. The smallest decline of 99.9% was in 2013. The exports peaked at X tons in 2012; however, from 2013 to 2017, the exports stood at a somewhat lower figure.

In value terms, marble granules and powder exports totaled $X in 2017. Overall, exports showed a significant decline. The smallest decline of 99.9% was in 2013. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2017, the exports stood at a somewhat lower figure.

Exports by Country

Cameroon (X tons) was the main destination for marble granules and powder exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2012 to 2017, the average annual rate of growth in terms of volume to Cameroon was relatively modest.

From 2012 to 2017, the average annual growth rate of value to Cameroon was relatively modest.

Export Prices by Country

In 2017, the average marble granules and powder export price amounted to $X per ton, leveling off at the previous year. Overall, the export price saw a significant expansion. The growth pace was the most rapid in 2013 a decrease of 99.9% against the previous year. Over the period under review, the average export prices hit record highs in 2017 and is likely to continue growth in the near future.

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

From 2012 to 2017, the rate of growth in terms of prices for Cameroon amounted to 0.0% per year.

Imports of Granules, Chippings And Powder Of Marble

Imports into Nigeria

In 2021, overseas purchases of granules, chippings and powder of marble were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2015 when imports increased by 4,138% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, marble granules and powder imports surged to $X in 2021. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2015 with an increase of 3,268% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of marble granules and powder to Nigeria, with a 47% share of total imports. Moreover, marble granules and powder imports from Italy exceeded the figures recorded by the second-largest supplier, Greece (X tons), fivefold. The third position in this ranking was taken by India (X tons), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +31.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+534.7% per year) and India (+2.9% per year).

In value terms, Italy ($X) constituted the largest supplier of granules, chippings and powder of marble to Nigeria, comprising 41% of total imports. The second position in the ranking was held by India ($X), with a 10% share of total imports. It was followed by Belgium, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +41.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+9.2% per year) and Belgium (-48.8% per year).

Import Prices by Country

The average marble granules and powder import price stood at $X per ton in 2021, dropping by -11.7% against the previous year. Over the period under review, the import price, however, showed a moderate expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by 56% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+69.6%), 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 granules, chippings and powder of marble in the world?

China remains the largest marble granules and powder consuming country worldwide, comprising approx. 22% of total volume. Moreover, marble granules and powder 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 an 8.7% share.

What are the largest producers of granules, chippings and powder of marble in the world?

China remains the largest marble granules and powder producing country worldwide, comprising approx. 22% of total volume. Moreover, marble granules and powder 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 an 8.9% share.

What are the leading suppliers of granules, chippings and powder of marble to Nigeria?

In value terms, Italy and India were the largest marble granules and powder suppliers to Nigeria.

What is the average export price for granules, chippings and powder of marble in Nigeria?

The average marble granules and powder export price stood at $1,053 per ton in 2017, remaining constant against the previous year.

What is the average import price for granules, chippings and powder of marble in Nigeria?

The average marble granules and powder import price stood at $116 per ton in 2020, shrinking by -23.3% against the previous year.

This report provides an in-depth analysis of the market for marble granules and powder 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 08121250 - Granules, chippings and powder of marble

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