Report Update Nov 1, 2024

Nigeria - Organo-Inorganic Compounds (Excluding Organo-Sulphur Compounds) - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Organo-Inorganic Compounds Market 2024

Organo-Inorganic Compounds Market Size in Nigeria

In 2021, after two years of growth, there was significant decline in the Nigerien organo-inorganic compounds market, when its value decreased by -6.8% to $X. Over the period under review, consumption, however, continues to indicate perceptible growth. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Organo-Inorganic Compounds Exports

Exports from Nigeria

Organo-inorganic compounds exports from Nigeria shrank markedly to X kg in 2021, falling by -30.5% against 2020. Over the period under review, exports showed a sharp reduction. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, organo-inorganic compounds exports fell dramatically to $X in 2021. Overall, exports recorded a dramatic shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

South Africa (X kg) was the main destination for organo-inorganic compounds exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Africa was relatively modest.

In value terms, South Africa ($X) emerged as the key foreign market for organo-inorganic compounds (excluding organo-sulphur compounds) exports from Nigeria.

From 2012 to 2021, the average annual growth rate of value to South Africa was relatively modest.

Export Prices by Country

In 2021, the average organo-inorganic compounds export price amounted to $X per ton, rising by 3.5% against the previous year. Overall, the export price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2015 an increase of 102% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the Netherlands amounted to +101.8% per year.

Organo-Inorganic Compounds Imports

Imports into Nigeria

In 2021, overseas purchases of organo-inorganic compounds (excluding organo-sulphur compounds) decreased by -3.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 205% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, organo-inorganic compounds imports contracted remarkably to $X in 2021. Over the period under review, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 139%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Barbados (X tons), China (X tons) and the UK (X tons) were the main suppliers of organo-inorganic compounds imports to Nigeria, with a combined 64% share of total imports. India, the United Arab Emirates, Hong Kong SAR, the Netherlands, the United States, Belgium and France lagged somewhat behind, together comprising a further 18%.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +50.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Barbados ($X) constituted the largest supplier of organo-inorganic compounds (excluding organo-sulphur compounds) to Nigeria, comprising 35% of total imports. The second position in the ranking was taken by China ($X), with a 9.9% share of total imports. It was followed by the UK, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value from Barbados amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.9% per year) and the UK (+15.2% per year).

Import Prices by Country

In 2021, the average organo-inorganic compounds import price amounted to $X per ton, shrinking by -41.9% against the previous year. Over the period under review, the import price saw a abrupt decrease. The pace of growth appeared the most rapid in 2018 when the average import price increased by 52% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 the United States ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for organo-inorganic compounds (excluding organo-sulphur compounds) in the world?

The countries with the highest volumes of organo-inorganic compounds consumption in 2021 were the United States, Argentina and Brazil, together comprising 32% of global consumption.

What are the largest producers of organo-inorganic compounds (excluding organo-sulphur compounds) in the world?

China remains the largest organo-inorganic compounds producing country worldwide, accounting for 51% of total volume. Moreover, organo-inorganic compounds production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by India, with a 7% share.

What are the leading suppliers of organo-inorganic compounds (excluding organo-sulphur compounds) to Nigeria?

In value terms, Barbados, China and the Netherlands constituted the largest organo-inorganic compounds suppliers to Nigeria, with a combined 74% share of total imports. India, France, Hong Kong SAR and the United Arab Emirates lagged somewhat behind, together accounting for a further 17%.

What is the average export price for organo-inorganic compounds (excluding organo-sulphur compounds) in Nigeria?

The average organo-inorganic compounds export price stood at $3,661 per ton in 2020, approximately equating the previous year.

What is the average import price for organo-inorganic compounds (excluding organo-sulphur compounds) in Nigeria?

In 2021, the average organo-inorganic compounds import price amounted to $3,706 per ton, which is down by -34.2% against the previous year.

This report provides an in-depth analysis of the organo-inorganic compounds 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 20145150 - Organo-inorganic compounds (excluding organo-sulphur compounds)
Prodcom 20145151 -

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