Report Update Nov 1, 2024

Nigeria - Roasted Iron Pyrites - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Roasted Iron Pyrites Market 2024

Roasted Iron Pyrites Market Size in Nigeria

In 2021, after two years of growth, there was significant decline in the Nigerien roasted iron pyrites market, when its value decreased by -13% to $X. The market value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Roasted Iron Pyrites Production in Nigeria

In value terms, roasted iron pyrites production shrank rapidly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +38.9% against 2018 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 48%. As a result, production attained the peak level of $X, and then fell dramatically in the following year.

Roasted Iron Pyrites Exports

Exports from Nigeria

In 2021, the amount of roasted iron pyrites exported from Nigeria totaled less than X kg, almost unchanged from the previous year. Over the period under review, exports recorded a relatively flat trend pattern.

In value terms, roasted iron pyrites exports stood at less than $X in 2021. In general, exports recorded a relatively flat trend pattern.

Roasted Iron Pyrites Imports

Imports into Nigeria

In 2019, purchases abroad of roasted iron pyrites increased by 1,276% to X tons, rising for the second consecutive year after four years of decline. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, roasted iron pyrites imports surged to $X in 2019. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2019, Germany (X tons) was the main supplier of roasted iron pyrites to Nigeria, accounting for a 92% share of total imports. Moreover, roasted iron pyrites imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X kg), more than tenfold.

From 2012 to 2019, the average annual rate of growth in terms of volume from Germany was relatively modest.

In value terms, Germany ($X) constituted the largest supplier of roasted iron pyrites to Nigeria, comprising 86% of total imports. The second position in the ranking was taken by Italy ($X), with a 14% share of total imports.

From 2012 to 2019, the average annual rate of growth in terms of value from Germany was relatively modest.

Import Prices by Country

In 2019, the average roasted iron pyrites import price amounted to $X per ton, with a decrease of -7.9% against the previous year. Overall, the import price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2015 when the average import price increased by 26%. The import price peaked at $X per ton in 2018, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Germany totaled $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by India (+25.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for roasted iron pyrites in the world?

The country with the largest volume of roasted iron pyrites consumption was the United States, accounting for 98% of total volume.

What are the largest producers of roasted iron pyrites in the world?

The country with the largest volume of roasted iron pyrites production was the United States, comprising approx. 98% of total volume.

What are the leading suppliers of roasted iron pyrites to Nigeria?

In value terms, Germany constituted the largest supplier of roasted iron pyrites to Nigeria, comprising 86% of total imports. The second position in the ranking was occupied by Italy $614), with a 14% share of total imports.

What is the average import price for roasted iron pyrites in Nigeria?

The average roasted iron pyrites import price stood at $2,019 per ton in 2019, increasing by 114% against the previous year.

This report provides an in-depth analysis of the roasted iron pyrites 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 20136700 - Roasted iron pyrites

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