Report Update Nov 1, 2024

Nigeria - Non-Rolled Bitumen Products - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Non-Rolled Bitumen Products Market 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for non-rolled bitumen products in the world?

The country with the largest volume of non-rolled bitumen products consumption was the United States, comprising approx. 42% of total volume. Moreover, non-rolled bitumen products consumption in the United States exceeded the figures recorded by the second-largest consumer, China, threefold. The third position in this ranking was occupied by India, with a 6.9% share.

What are the largest producers of non-rolled bitumen products in the world?

The country with the largest volume of non-rolled bitumen products production was the United States, accounting for 44% of total volume. Moreover, non-rolled bitumen products production in the United States exceeded the figures recorded by the second-largest producer, China, threefold. India ranked third in terms of total production with a 6.8% share.

What are the leading suppliers of non-rolled bitumen products to Nigeria?

In value terms, the largest non-rolled bitumen products suppliers to Nigeria were Spain, Italy and the UK, together accounting for 47% of total imports. These countries were followed by China, Turkey, Egypt, Israel, the United Arab Emirates, the United States and Germany, which together accounted for a further 47%.

What is the average export price for non-rolled bitumen products in Nigeria?

In 2018, the average non-rolled bitumen products export price amounted to $6,167 per ton, therefore, remained relatively stable against the previous year.

What is the average import price for non-rolled bitumen products in Nigeria?

The average non-rolled bitumen products import price stood at $324 per ton in 2021, falling by -24.3% against the previous year.

This report provides an in-depth analysis of the non-rolled bitumen products 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 23991290 - Products based on bitumen (excluding in rolls)

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