Nigeria: Non-Rolled Bitumen Products Market 2025

Non-Rolled Bitumen Products Market Size in Nigeria

In 2022, the Nigerien non-rolled bitumen products market decreased by -42.2% to $X, falling for the second year in a row after two years of growth. In general, consumption showed a pronounced slump. Non-rolled bitumen products consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Non-Rolled Bitumen Products Exports

Exports from Nigeria

In 2020, approx. X kg of non-rolled bitumen products were exported from Nigeria; approximately reflecting 2019. Over the period under review, exports recorded significant growth. The smallest decline of 99.9% was in 2019. Over the period under review, the exports attained the maximum in 2020 and are expected to retain growth in the near future.

In value terms, non-rolled bitumen products exports stood at $X in 2020. In general, exports continue to indicate a significant increase. The smallest decline of 99.9% was in 2019. The exports peaked in 2020 and are expected to retain growth in the near future.

Exports by Country

Cote d'Ivoire (X kg) was the main destination for non-rolled bitumen products exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2018 to 2020, the average annual growth rate of volume to Cote d'Ivoire stood at +123.6%.

From 2018 to 2020, the average annual growth rate of value to Cote d'Ivoire totaled +90.7%.

Export Prices by Country

In 2020, the average non-rolled bitumen products export price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2019 a decrease of 99.9% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2020, 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 Cote d'Ivoire.

From 2018 to 2020, the rate of growth in terms of prices for Cote d'Ivoire amounted to -14.7% per year.

Non-Rolled Bitumen Products Imports

Imports into Nigeria

After three years of growth, supplies from abroad of non-rolled bitumen products decreased by -39% to X tons in 2022. In general, imports, however, showed a slight increase. The most prominent rate of growth was recorded in 2020 with an increase of 757% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, non-rolled bitumen products imports declined rapidly to $X in 2022. Overall, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 555%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of non-rolled bitumen products to Nigeria, accounting for a 47% share of total imports. Moreover, non-rolled bitumen products imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. The third position in this ranking was held by Spain (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +35.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+17.4% per year) and Spain (+36.6% per year).

In value terms, China ($X) constituted the largest supplier of non-rolled bitumen products to Nigeria, comprising 36% of total imports. The second position in the ranking was taken by Egypt ($X), with a 13% share of total imports. It was followed by Spain, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +28.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+2.6% per year) and Spain (+24.8% per year).

Import Prices by Country

In 2022, the average non-rolled bitumen products import price amounted to $X per ton, waning by -17.6% against the previous year. In general, the import price showed a deep reduction. The pace of growth was the most pronounced in 2019 when the average import price increased by 34%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+23.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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