Report Update Nov 1, 2024

Nigeria - Phosphorus, Arsenic and Selenium - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Market for Phosphorus, Arsenic And Selenium 2024

Market Size for Phosphorus, Arsenic And Selenium in Nigeria

The Nigerien phosphorus, arsenic and selenium market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption saw significant growth. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the near future.

Production of Phosphorus, Arsenic And Selenium in Nigeria

In value terms, phosphorus, arsenic and selenium production reached $X in 2021 estimated in export price. In general, production, however, posted a strong expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by 68% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Phosphorus, Arsenic And Selenium

Exports from Nigeria

In 2021, the amount of phosphorus, arsenic and selenium exported from Nigeria soared to X kg, growing by 67% compared with 2020. Over the period under review, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2019 when exports increased by 267% against the previous year. The exports peaked at X kg in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, phosphorus, arsenic and selenium exports soared to $X in 2021. In general, exports, however, saw a abrupt slump. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Niger (X kg) was the main destination for phosphorus, arsenic and selenium exports from Nigeria, with a approx. 100% share of total exports.

From 2016 to 2021, the average annual rate of growth in terms of volume to Niger totaled -17.4%.

In value terms, Niger ($X) also remains the key foreign market for phosphorus, arsenic and selenium exports from Nigeria.

From 2016 to 2021, the average annual rate of growth in terms of value to Niger amounted to -11.0%.

Export Prices by Country

In 2021, the average phosphorus, arsenic and selenium export price amounted to $X per ton, picking up by 76% against the previous year. Overall, the export price showed a resilient expansion. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

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

From 2016 to 2021, the rate of growth in terms of prices for Niger amounted to +7.7% per year.

Imports of Phosphorus, Arsenic And Selenium

Imports into Nigeria

In 2021, overseas purchases of phosphorus, arsenic and selenium increased by 203% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports showed a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 668%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, phosphorus, arsenic and selenium imports surged to $X in 2021. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 506%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of phosphorus, arsenic and selenium to Nigeria, accounting for a 64% share of total imports. Moreover, phosphorus, arsenic and selenium imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sixfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 7% share.

From 2013 to 2021, the average annual growth rate of volume from China totaled +34.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (0.0% per year) and the United Arab Emirates (+68.1% per year).

In value terms, the largest phosphorus, arsenic and selenium suppliers to Nigeria were China ($X), Belgium ($X) and Italy ($X), with a combined 75% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +136.6%, 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 phosphorus, arsenic and selenium import price stood at $X per ton in 2021, growing by 32% against the previous year. Over the period under review, the import price posted a resilient expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for phosphorus, arsenic and selenium in the world?

The countries with the highest volumes of in 2021 were China, India and Germany, together comprising 49% of global consumption. Kazakhstan, Japan, Poland, the Czech Republic, Vietnam, Brazil, South Korea, Italy, Taiwan Chinese) and Belgium lagged somewhat behind, together comprising a further 43%.

What are the largest producers of phosphorus, arsenic and selenium in the world?

The countries with the highest volumes of in 2021 were Vietnam, Kazakhstan and China, together comprising 94% of global production.

What are the leading suppliers of phosphorus, arsenic and selenium to Nigeria?

In value terms, China constituted the largest supplier of phosphorus, arsenic and selenium to Nigeria, comprising 42% of total imports. The second position in the ranking was occupied by Belgium, with a 19% share of total imports.

What is the average export price for phosphorus, arsenic and selenium in Nigeria?

In 2020, the average phosphorus, arsenic and selenium export price amounted to $49,000 per ton, declining by -23.4% against the previous year.

What is the average import price for phosphorus, arsenic and selenium in Nigeria?

The average phosphorus, arsenic and selenium import price stood at $905 per ton in 2021, with a decrease of -15.3% against the previous year.

This report provides an in-depth analysis of the market for phosphorus, arsenic and selenium 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 20132180 - Phosphorus, arsenic, selenium

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