Nigeria: Market for Other than Roasted Molybdenum Ores and Concentrates 2025

Market Size for Other than Roasted Molybdenum Ores and Concentrates in Nigeria

The Nigerien market for other than roasted molybdenum ores and concentrateses was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption enjoyed a significant expansion. Consumption of peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Other than Roasted Molybdenum Ores and Concentrates in Nigeria

In value terms, production of other than roasted molybdenum ores and concentrateses amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 15%. Over the period under review, production of hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Other than Roasted Molybdenum Ores and Concentrates

Exports from Nigeria

After four years of growth, shipments abroad of other than roasted molybdenum ores and concentrateses decreased by -27.4% to X kg in 2021. Overall, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 276%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, exports of other than roasted molybdenum ores and concentrateses shrank notably to $X in 2021. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 216% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for exports of other than roasted molybdenum ores and concentrateses from Nigeria, with a approx. 50% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +94.3%.

In value terms, the Netherlands ($X) emerged as the key foreign market for other than roasted molybdenum ores and concentrateses exports from Nigeria.

From 2012 to 2021, the average annual growth rate of value to the Netherlands stood at +110.1%.

Export Prices by Country

In 2021, the average export price for other than roasted molybdenum ores and concentrateses amounted to $X per ton, approximately equating the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2013 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the Netherlands amounted to +4.0% per year.

Imports of Other than Roasted Molybdenum Ores and Concentrates

Imports into Nigeria

In 2014, imports of other than roasted molybdenum ores and concentrateses into Nigeria fell slightly to X kg, shrinking by -1.8% compared with the year before. Overall, imports recorded a slight shrinkage. Imports peaked at X kg in 2013, and then reduced modestly in the following year.

In value terms, imports of other than roasted molybdenum ores and concentrateses contracted remarkably to $X in 2014. Over the period under review, imports recorded a sharp shrinkage. Imports peaked at $X in 2013, and then dropped remarkably in the following year.

Imports by Country

In 2014, Germany (X kg) was the main supplier of other than roasted molybdenum ores and concentrates to Nigeria, with a approx. 100% share of total imports.

From 2013 to 2014, the average annual rate of growth in terms of volume from Germany was relatively modest.

In value terms, Germany ($X) constituted the largest supplier of other than roasted molybdenum ores and concentrateses to Nigeria.

From 2013 to 2014, the average annual growth rate of value from Germany was relatively modest.

Import Prices by Country

In 2014, the average import price for other than roasted molybdenum ores and concentrateses amounted to $X per ton, dropping by -18.6% against the previous year. Over the period under review, the import price saw a deep slump. Over the period under review, average import prices hit record highs at $X per ton in 2013, and then declined remarkably in the following year.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2013 to 2014, the rate of growth in terms of prices for Germany amounted to 0.0% per year.

Source: IndexBox Platform

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