Nigeria: Gypsum And Anhydrite Market 2024

Gypsum And Anhydrite Market Size in Nigeria

The Nigerien gypsum and anhydrite market declined to $X in 2021, with a decrease of -7.1% against the previous year. Over the period under review, consumption, however, recorded a prominent increase. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Gypsum And Anhydrite Production in Nigeria

In value terms, gypsum and anhydrite production contracted to $X in 2021 estimated in export price. Over the period under review, production saw a deep reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 25%. Gypsum and anhydrite production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Gypsum And Anhydrite Exports

Exports from Nigeria

After three years of decline, overseas shipments of gypsum and anhydrite increased by 348% to X tons in 2021. Over the period under review, exports, however, faced a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when exports increased by 1,199% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, gypsum and anhydrite exports skyrocketed to $X in 2021. Overall, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2013 when exports increased by 605% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X tons), Chad (X tons) and Niger (X tons) were the main destinations of gypsum and anhydrite exports from Nigeria, together accounting for 97% of total exports. China lagged somewhat behind, accounting for a further 3.3%.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +48.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for gypsum and anhydrite exported from Nigeria were Turkey ($X), Chad ($X) and China ($X), together comprising 98% of total exports.

In terms of the main countries of destination, Turkey, with a CAGR of +49.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average gypsum and anhydrite export price amounted to $X per ton, with an increase of 11% against the previous year. Overall, the export price enjoyed a modest increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 195% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Niger ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Gypsum And Anhydrite Imports

Imports into Nigeria

In 2021, approx. X tons of gypsum and anhydrite were imported into Nigeria; with a decrease of -25.1% against the previous year. In general, imports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 82%. As a result, imports attained the peak of X tons, and then dropped notably in the following year.

In value terms, gypsum and anhydrite imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 122%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of gypsum and anhydrite to Nigeria, with a 69% share of total imports. Moreover, gypsum and anhydrite imports from Spain exceeded the figures recorded by the second-largest supplier, Botswana (X tons), fourfold. The third position in this ranking was held by Turkey (X tons), with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Botswana (+14.2% per year) and Turkey (+46.7% per year).

In value terms, Spain ($X), Botswana ($X) and Turkey ($X) constituted the largest gypsum and anhydrite suppliers to Nigeria, with a combined 93% share of total imports.

Among the main suppliers, Turkey, with a CAGR of +56.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average gypsum and anhydrite import price stood at $X per ton in 2021, picking up by 80% against the previous year. Overall, the import price enjoyed a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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