Report Update Nov 1, 2024

Nigeria - Silicon Dioxide - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Nigeria

After two years of growth, the Nigerien silicon dioxide market decreased by -54% to $X in 2021. In general, consumption, however, saw a buoyant expansion. As a result, consumption reached the peak level of $X, and then dropped markedly in the following year.

Silicon Dioxide Exports

Exports from Nigeria

Silicon dioxide exports from Nigeria was estimated at X tons in 2021, rising by 15% on the year before. Overall, exports, however, recorded a deep setback. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, silicon dioxide exports dropped slightly to $X in 2021. In general, exports, however, showed a deep slump. The smallest decline of -0.2% was in 2016. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for silicon dioxide exports from Nigeria, accounting for a 78% share of total exports. Moreover, silicon dioxide exports to India exceeded the volume sent to the second major destination, Ghana (X kg), fourfold.

From 2012 to 2021, the average annual growth rate of volume to India totaled -20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+2.2% per year) and Cote d'Ivoire (-39.4% per year).

In value terms, Ghana ($X), India ($X) and Cote d'Ivoire ($X) were the largest markets for silicon dioxide exported from Nigeria worldwide.

Ghana, with a CAGR of +8.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average silicon dioxide export price amounted to $X per ton, declining by -13.1% against the previous year. Overall, the export price, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2013 an increase of 61% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then fell in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+30.7%), while the prices for the other major destinations experienced more modest paces of growth.

Silicon Dioxide Imports

Imports into Nigeria

In 2021, purchases abroad of silicon dioxide decreased by -53.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 322%. As a result, imports reached the peak of X tons, and then declined sharply in the following year.

In value terms, silicon dioxide imports contracted markedly to $X in 2021. Over the period under review, imports, however, continue to indicate a notable expansion. The pace of growth was the most pronounced in 2020 with an increase of 412%. As a result, imports attained the peak of $X, and then declined markedly in the following year.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of silicon dioxide to Nigeria, accounting for a 44% share of total imports. Moreover, silicon dioxide imports from India exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sixfold. France (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India amounted to +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+24.5% per year) and France (+44.2% per year).

In value terms, India ($X) constituted the largest supplier of silicon dioxide to Nigeria, comprising 31% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 6.4% share of total imports. It was followed by the United States, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value from India totaled -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+18.1% per year) and the United States (+9.5% per year).

Import Prices by Country

The average silicon dioxide import price stood at $X per ton in 2021, stabilizing at the previous year. Over the period under review, the import price recorded a mild reduction. The pace of growth was the most pronounced in 2014 an increase of 34% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+35.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for silicon dioxide in the world?

The countries with the highest volumes of silicon dioxide consumption in 2021 were China, the United States and India, together comprising 40% of global consumption. These countries were followed by Japan, Brazil, Qatar, Indonesia, Belgium, the UK, Taiwan Chinese), Turkey, South Korea and Canada, which together accounted for a further 31%.

What are the largest producers of silicon dioxide in the world?

China remains the largest silicon dioxide producing country worldwide, accounting for 31% of total volume. Moreover, silicon dioxide production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. India ranked third in terms of total production with an 8.8% share.

What are the leading suppliers of silicon dioxide to Nigeria?

In value terms, the Netherlands, India and France appeared to be the largest silicon dioxide suppliers to Nigeria, with a combined 78% share of total imports.

What are the leading importers of silicon dioxide from Nigeria?

In value terms, Ghana and India constituted the largest markets for silicon dioxide exported from Nigeria worldwide.

What is the average export price for silicon dioxide in Nigeria?

In 2021, the average silicon dioxide export price amounted to $2,136 per ton, reducing by -4.1% against the previous year.

What is the average import price for silicon dioxide in Nigeria?

In 2021, the average silicon dioxide import price amounted to $952 per ton, falling by -25% against the previous year.

This report provides an in-depth analysis of the silicon dioxide 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 20132475 - Silicon dioxide

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