Nigeria: Market for Gypsum, Anhydrite And Limestone 2024

Market Size for Gypsum, Anhydrite And Limestone in Nigeria

In 2021, the Nigerien gypsum, anhydrite and limestone market decreased by -1.6% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, posted a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2020, and then reduced modestly in the following year.

Production of Gypsum, Anhydrite And Limestone in Nigeria

In value terms, gypsum, anhydrite and limestone production contracted modestly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 60% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then contracted modestly in the following year.

Exports of Gypsum, Anhydrite And Limestone

Exports from Nigeria

In 2021, shipments abroad of gypsum, anhydrite and limestone was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2013 with an increase of 981%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, gypsum, anhydrite and limestone exports soared to $X in 2021. In general, exports, however, recorded a deep slump. The pace of growth was the most pronounced in 2018 when exports increased by 179% 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, anhydrite and limestone exports from Nigeria, with a combined 81% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +45.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Niger ($X), China ($X) and Turkey ($X) constituted the largest markets for gypsum, anhydrite and limestone exported from Nigeria worldwide, together comprising 88% of total exports.

Niger, with a CAGR of +51.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, anhydrite and limestone export price amounted to $X per ton, picking up by 3.3% against the previous year. Overall, the export price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 394%. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Niger ($X per ton), while the average price for exports to Turkey ($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 (+31.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gypsum, Anhydrite And Limestone

Imports into Nigeria

In 2021, supplies from abroad of gypsum, anhydrite and limestone increased by 42% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports saw strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 76%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, gypsum, anhydrite and limestone imports surged to $X in 2021. Overall, imports showed a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 121%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest gypsum, anhydrite and limestone supplier to Nigeria, with a 62% share of total imports. Moreover, gypsum, anhydrite and limestone imports from Spain exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. Botswana (X tons) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume from Spain stood at +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+58.3% per year) and Botswana (+10.1% per year).

In value terms, Spain ($X), Botswana ($X) and Turkey ($X) were the largest gypsum, anhydrite and limestone suppliers to Nigeria, with a combined 87% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +82.2%, saw 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

In 2021, the average gypsum, anhydrite and limestone import price amounted to $X per ton, which is down by -5.8% against the previous year. Overall, the import price saw a slight decrease. The growth pace was the most rapid in 2019 when the average import price increased by 43%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 Botswana ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+15.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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