Report Update Nov 1, 2024

Nigeria - Quinones - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Quinones Market 2024

Quinones Market Size in Nigeria

In 2022, the Nigerien quinones market increased by 17,456% to $X, rising for the second consecutive year after five years of decline. In general, consumption recorded significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Quinones Exports

Exports from Nigeria

In 2021, exports of quinones from Nigeria amounted to X kg, approximately equating the previous year. Over the period under review, exports showed a precipitous decline. The smallest decline of -25% was in 2016. The exports peaked at X kg in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, quinones exports totaled $X in 2021. In general, exports continue to indicate a sharp slump. The smallest decline of -20% was in 2016. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Benin (X kg) was the main destination for quinones exports from Nigeria, with a approx. 100% share of total exports.

From 2015 to 2021, the average annual growth rate of volume to Benin was relatively modest.

From 2015 to 2021, the average annual rate of growth in terms of value to Benin was relatively modest.

Export Prices by Country

The average quinones export price stood at $X per ton in 2021, standing approx. at the previous year. Over the period under review, the export price faced a deep reduction. The pace of growth was the most pronounced in 2016 an increase of 6.7% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

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

From 2015 to 2021, the rate of growth in terms of prices for Niger amounted to +6.7% per year.

Quinones Imports

Imports into Nigeria

In 2022, purchases abroad of quinones increased by 20,548% to X tons, rising for the second year in a row after four years of decline. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, quinones imports skyrocketed to $X in 2022. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of quinones to Nigeria, accounting for a 62% share of total imports. Moreover, quinones imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +173.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+117.7% per year) and India (+174.0% per year).

In value terms, the United States ($X), India ($X) and Germany ($X) constituted the largest quinones suppliers to Nigeria, together accounting for 100% of total imports.

In terms of the main suppliers, India, with a CAGR of +225.1%, saw 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

In 2022, the average quinones import price amounted to $X per ton, declining by -31.7% against the previous year. Overall, the import price recorded a deep downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by 46% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+18.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for quinones in the world?

The country with the largest volume of quinones consumption was China, accounting for 64% of total volume. Moreover, quinones consumption in China exceeded the figures recorded by the second-largest consumer, India, fourfold. Japan ranked third in terms of total consumption with a 2.1% share.

What are the largest producers of quinones in the world?

The country with the largest volume of quinones production was China, comprising approx. 75% of total volume. Moreover, quinones production in China exceeded the figures recorded by the second-largest producer, Japan, fivefold.

What are the leading suppliers of quinones to Nigeria?

In value terms, India constituted the largest supplier of quinones to Nigeria, comprising 98% of total imports. The second position in the ranking was occupied by the United States $144), with a 1.3% share of total imports.

What are the leading importers of quinones from Nigeria?

In value terms, Niger $100) remains the key foreign market for quinones exports from Nigeria.

What is the average export price for quinones in Nigeria?

The average quinones export price stood at $33,333 per ton in 2016, dropping by -8.8% against the previous year.

What is the average import price for quinones in Nigeria?

The average quinones import price stood at $2,394 per ton in 2021, jumping by 92% against the previous year.

This report provides an in-depth analysis of the quinones 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 20146260 - Quinones

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