Report Update Nov 1, 2024

Nigeria - Marble and Travertine - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Marble And Travertine Market 2022

Marble And Travertine Market Size in Nigeria

In 2021, the Nigerien marble and travertine market increased by 1.9% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption saw a resilient increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Marble And Travertine Production in Nigeria

In value terms, marble and travertine production stood at $X in 2021 estimated in export price. Over the period under review, production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 86%. Marble and travertine production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Marble And Travertine Exports

Exports from Nigeria

In 2021, marble and travertine exports from Nigeria amounted to X tons, approximately mirroring 2020 figures. Overall, exports recorded a relatively flat trend pattern. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, marble and travertine exports totaled $X in 2021. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons) was the main destination for marble and travertine exports from Nigeria, with a 95% share of total exports. Moreover, marble and travertine exports to China exceeded the volume sent to the second major destination, Togo (X tons), more than tenfold.

From 2021 to 2021, the average annual rate of growth in terms of volume to China was relatively modest.

From 2021 to 2021, the average annual rate of growth in terms of value to China was relatively modest.

Marble And Travertine Imports

Imports into Nigeria

In 2021, purchases abroad of marble and travertine decreased by -62.4% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 265% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, marble and travertine imports dropped sharply to $X in 2021. In general, imports saw a significant curtailment. The growth pace was the most rapid in 2016 with an increase of 238% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of marble and travertine to Nigeria, accounting for a 58% share of total imports. Moreover, marble and travertine imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+6.6% per year) and Italy (-30.3% per year).

In value terms, China ($X) constituted the largest supplier of marble and travertine to Nigeria, comprising 64% of total imports. The second position in the ranking was taken by Italy ($X), with a 28% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-33.5% per year) and Spain (-15.7% per year).

Import Prices by Country

In 2021, the average marble and travertine import price amounted to $X per ton, with a decrease of -6.3% against the previous year. Over the period under review, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 41%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for marble and travertine in the world?

The countries with the highest volumes of in 2021 were China, Italy and the United States, with a combined 40% share of global consumption. India, Pakistan, Russia, Indonesia, Romania, Mexico, Egypt, Turkey, Iran and France lagged somewhat behind, together accounting for a further 27%.

What are the largest producers of marble and travertine in the world?

The countries with the highest volumes of in 2021 were Italy, China and Turkey, together comprising 34% of global production.

What are the leading suppliers of marble and travertine to Nigeria?

In value terms, the largest marble and travertine suppliers to Nigeria were China, Germany and Italy, with a combined 86% share of total imports.

What are the leading importers of marble and travertine from Nigeria?

In value terms, Benin $891) remains the key foreign market for marble and travertine exports from Nigeria.

What is the average export price for marble and travertine in Nigeria?

The average marble and travertine export price stood at $651 per ton in 2021, surging by 92% against the previous year.

What is the average import price for marble and travertine in Nigeria?

In 2021, the average marble and travertine import price amounted to $406 per ton, with a decrease of -54% against the previous year.

This report provides an in-depth analysis of the marble and travertine 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 08111133 - Marble and travertine, crude or roughly trimmed
Prodcom 08111136 - Marble and travertine merely cut into rectangular or square blocks or slabs
Prodcom 08111150 - Ecaussine and other calcareous monumental or building stone of an apparent specific gravity . 2,5

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