Report Update Nov 1, 2024

Nigeria - Pickling Preparations for Metal Surfaces - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Metal Pickling Preparations Market 2024

Metal Pickling Preparations Market Size in Nigeria

In 2021, the Nigerien metal pickling preparations market increased by 40% to $X, rising for the fourth year in a row after three years of decline. Overall, consumption posted a tangible expansion. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Metal Pickling Preparations Exports

Exports from Nigeria

In 2021, exports of pickling preparations for metal surfaces from Nigeria fell to X kg, waning by -14.5% on 2020 figures. Over the period under review, exports continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 989%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, metal pickling preparations exports declined to $X in 2021. Overall, exports, however, showed a strong expansion. The growth pace was the most rapid in 2017 when exports increased by 540% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sao Tome and Principe (X kg), Benin (X kg) and Ghana (X kg) were the main destinations of metal pickling preparations exports from Nigeria.

From 2012 to 2021, the biggest increases were recorded for Ghana (with a CAGR of +9.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for metal pickling preparations exported from Nigeria were Ghana ($X), Sao Tome and Principe ($X) and Benin ($X).

In terms of the main countries of destination, Ghana, with a CAGR of +31.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average metal pickling preparations export price amounted to $X per ton, rising by 10% against the previous year. Overall, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of 120%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Ghana ($X per ton), while the average price for exports to Benin ($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 Ghana (+19.5%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Pickling Preparations Imports

Imports into Nigeria

In 2021, overseas purchases of pickling preparations for metal surfaces increased by 42% to X tons, rising for the fourth year in a row after three years of decline. Overall, imports continue to indicate prominent growth. The growth pace was the most rapid in 2014 when imports increased by 163%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal pickling preparations imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 115%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Hong Kong SAR (X tons), India (X tons) and China (X tons) were the main suppliers of metal pickling preparations imports to Nigeria, with a combined 66% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +65.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) constituted the largest supplier of pickling preparations for metal surfaces to Nigeria, comprising 46% of total imports. The second position in the ranking was held by Australia ($X), with a 20% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Hong Kong SAR amounted to +57.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+14.0% per year) and China (-6.2% per year).

Import Prices by Country

In 2021, the average metal pickling preparations import price amounted to $X per ton, shrinking by -3.2% against the previous year. Over the period under review, the import price recorded a deep reduction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 32% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pickling preparations for metal surfaces in the world?

The countries with the highest volumes of metal pickling preparations consumption in 2020 were China, the United States and India, with a combined 45% share of global consumption. Japan, Turkey, Brazil, Germany, Mexico, France, the Netherlands, Vietnam, Canada and South Korea lagged somewhat behind, together comprising a further 30%.

What are the largest producers of pickling preparations for metal surfaces in the world?

China constituted the country with the largest volume of metal pickling preparations production, comprising approx. 27% of total volume. Moreover, metal pickling preparations production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with an 8.3% share.

What are the leading suppliers of pickling preparations for metal surfaces to Nigeria?

In value terms, India constituted the largest supplier of metal pickling preparations to Nigeria, comprising 54% of total imports. The second position in the ranking was occupied by China, with a 19% share of total imports. It was followed by Malaysia, with a 16% share.

What are the leading importers of pickling preparations for metal surfaces from Nigeria?

In value terms, Sao Tome and Principe $195) remains the key foreign market for metal pickling preparations exports from Nigeria, comprising 74% of total exports. The second position in the ranking was occupied by Ghana $45), with a 17% share of total exports. It was followed by Niger, with a 7.2% share.

What is the average export price for pickling preparations for metal surfaces in Nigeria?

In 2020, the average metal pickling preparations export price amounted to $1,393 per ton, which is down by -20.1% against the previous year.

What is the average import price for pickling preparations for metal surfaces in Nigeria?

The average metal pickling preparations import price stood at $283 per ton in 2020, reducing by -56.8% against the previous year.

This report provides an in-depth analysis of the metal pickling preparations 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 20595620 - Pickling preparations for metal surfaces

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