Report Update Nov 1, 2024

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

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Nigeria: Sandstone Market 2024

Sandstone Market Size in Nigeria

The Nigerien sandstone market expanded markedly to $X in 2022, increasing by 8.5% against the previous year. Over the period under review, consumption, however, recorded a abrupt decrease. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Sandstone Production in Nigeria

In value terms, sandstone production reached $X in 2022 estimated in export price. Over the period under review, production, however, showed a deep contraction. The growth pace was the most rapid in 2020 with an increase of 40%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Sandstone Exports

Exports from Nigeria

In 2022, after two years of growth, there was significant decline in overseas shipments of sandstone, when their volume decreased by -50% to X tons. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 375,942% against the previous year. As a result, the exports attained the peak of X tons, and then contracted remarkably in the following year.

In value terms, sandstone exports dropped remarkably to $X in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 66,755%. As a result, the exports attained the peak of $X, and then declined remarkably in the following year.

Exports by Country

Ireland (X tons) was the main destination for sandstone exports from Nigeria, accounting for a approx. 59% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ireland was relatively modest.

In value terms, Ireland ($X) emerged as the key foreign market for sandstone exports from Nigeria.

From 2012 to 2022, the average annual rate of growth in terms of value to Ireland was relatively modest.

Export Prices by Country

In 2022, the average sandstone export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price, however, recorded a significant decrease. The most prominent rate of growth was recorded in 2013 an increase of 75% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, 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 Ireland.

From 2012 to 2022, the rate of growth in terms of prices for Pakistan amounted to 0.0% per year.

Sandstone Imports

Imports into Nigeria

In 2022, imports of sandstone into Nigeria contracted remarkably to X tons, waning by -49.3% against the previous year's figure. Overall, imports recorded a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 7,425% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, sandstone imports fell sharply to $X in 2022. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 when imports increased by 7,617% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest sandstone supplier to Nigeria, with a 79% share of total imports. Moreover, sandstone imports from Italy exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold. The third position in this ranking was taken by South Africa (X tons), with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-4.8% per year) and South Africa (+25.6% per year).

In value terms, Italy ($X) constituted the largest supplier of sandstone to Nigeria, comprising 63% of total imports. The second position in the ranking was taken by South Africa ($X), with a 21% share of total imports. It was followed by India, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at -7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+35.4% per year) and India (-7.6% per year).

Import Prices by Country

The average sandstone import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the import price recorded a abrupt slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 70%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat 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 China ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+32.1%), 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 sandstone in the world?

China constituted the country with the largest volume of sandstone consumption, comprising approx. 20% of total volume. Moreover, sandstone consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the UK, with a 7.8% share.

What are the largest producers of sandstone in the world?

The countries with the highest volumes of in 2021 were China, India and Poland, with a combined 37% share of global production. These countries were followed by the UK, the United States, Turkey, Indonesia, Russia, Brazil, Nigeria, Mexico, Vietnam and Pakistan, which together accounted for a further 32%.

What are the leading suppliers of sandstone to Nigeria?

In value terms, Italy $33) constituted the largest supplier of sandstone to Nigeria, comprising 73% of total imports. The second position in the ranking was occupied by India $6), with a 13% share of total imports.

What is the average export price for sandstone in Nigeria?

In 2021, the average sandstone export price amounted to $479 per ton, picking up by 4.5% against the previous year.

What is the average import price for sandstone in Nigeria?

The average sandstone import price stood at $0.1 per ton in 2021, falling by -99.9% against the previous year.

This report provides an in-depth analysis of the sandstone 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 08111250 - Sandstone

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