Report Update Nov 1, 2024

Nigeria - Propellant Powders - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Propellant Powders Market 2024

Propellant Powders Market Size in Nigeria

In 2021, the Nigerien propellant powders market increased by 5.9% to $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -20.1% against 2018 indices. Propellant powders consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Propellant Powders Production in Nigeria

In value terms, propellant powders production rose significantly to $X in 2021 estimated in export price. Overall, production, however, posted resilient growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 57% against the previous year. Propellant powders production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Propellant Powders Exports

Exports from Nigeria

In 2020, the amount of propellant powders exported from Nigeria skyrocketed to X tons, growing by 343% against 2019. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, propellant powders exports soared to $X in 2020. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for propellant powders exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Belgium was relatively modest.

In value terms, Belgium ($X) emerged as the key foreign market for propellant powders exports from Nigeria.

From 2012 to 2020, the average annual growth rate of value to Belgium was relatively modest.

Export Prices by Country

The average propellant powders export price stood at $X per ton in 2020, which is down by -60.8% against the previous year. Overall, the export price faced a abrupt contraction. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 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 Belgium.

From 2012 to 2020, the rate of growth in terms of prices for Belgium amounted to 0.0% per year.

Propellant Powders Imports

Imports into Nigeria

In 2021, supplies from abroad of propellant powders decreased by -40% to X tons, falling for the eighth consecutive year after two years of growth. In general, imports recorded a precipitous setback. The pace of growth was the most pronounced in 2013 when imports increased by 14%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, propellant powders imports contracted notably to $X in 2021. Over the period under review, imports continue to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2013 when imports increased by 107%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X kg) constituted the largest propellant powders supplier to Nigeria, with a 82% share of total imports. Moreover, propellant powders imports from China exceeded the figures recorded by the second-largest supplier, India (X kg), fivefold.

From 2012 to 2021, the average annual growth rate of volume from China stood at -32.7%.

In value terms, China ($X) constituted the largest supplier of propellant powders to Nigeria, comprising 87% of total imports. The second position in the ranking was taken by India ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -21.3%.

Import Prices by Country

In 2021, the average propellant powders import price amounted to $X per ton, declining by -8.6% against the previous year. In general, the import price, however, enjoyed a strong increase. The growth pace was the most rapid in 2013 when the average import price increased by 82%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for India amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+17.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for propellant powders in the world?

China constituted the country with the largest volume of propellant powders consumption, comprising approx. 22% of total volume. Moreover, propellant powders consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 7% share.

What are the largest producers of propellant powders in the world?

China constituted the country with the largest volume of propellant powders production, accounting for 23% of total volume. Moreover, propellant powders production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 6.9% share.

What are the leading suppliers of propellant powders to Nigeria?

In value terms, China constituted the largest supplier of propellant powders to Nigeria, comprising 89% of total imports. The second position in the ranking was occupied by India, with an 8.7% share of total imports.

What is the average export price for propellant powders in Nigeria?

In 2020, the average propellant powders export price amounted to $8,599 per ton, rising by 18% against the previous year.

What is the average import price for propellant powders in Nigeria?

The average propellant powders import price stood at $18,304 per ton in 2020, remaining relatively unchanged against the previous year.

This report provides an in-depth analysis of the propellant powders 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 20511130 - Propellant powders

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