Report Update Nov 1, 2024

Nigeria - Slaked Lime - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Slaked Lime Market 2024

Slaked Lime Market Size in Nigeria

After two years of growth, the Nigerien slaked lime market decreased by -3.3% to $X in 2021. Over the period under review, consumption, however, saw pronounced growth. As a result, consumption attained the peak level of $X, and then shrank slightly in the following year.

Slaked Lime Exports

Exports from Nigeria

In 2021, exports of slaked lime from Nigeria declined dramatically to X kg, waning by -27.2% against 2020 figures. Over the period under review, exports recorded a deep contraction. The growth pace was the most rapid in 2018 when exports increased by 72% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, slaked lime exports fell to $X in 2021. Overall, exports continue to indicate a deep slump. The smallest decline of -3.2% was in 2014. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Niger (X kg) was the main destination for slaked lime exports from Nigeria, accounting for a 58% share of total exports. Moreover, slaked lime exports to Niger exceeded the volume sent to the second major destination, the Netherlands (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume to Niger stood at -16.2%.

In value terms, Niger ($X) remains the key foreign market for slaked lime exports from Nigeria, comprising 75% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Niger totaled -17.3%.

Export Prices by Country

The average slaked lime export price stood at $X per ton in 2021, surging by 21% against the previous year. In general, the export price, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 76%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Niger ($X per ton), while the average price for exports to the Netherlands stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Niger (-1.3%).

Slaked Lime Imports

Imports into Nigeria

In 2021, after two years of growth, there was decline in purchases abroad of slaked lime, when their volume decreased by -1.7% to X tons. Over the period under review, imports, however, continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2020 with an increase of 104%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, slaked lime imports shrank to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 94%. As a result, imports attained the peak of $X, and then reduced modestly in the following year.

Imports by Country

France (X tons), the UK (X tons) and Spain (X tons) were the main suppliers of slaked lime imports to Nigeria, together accounting for 40% of total imports. These countries were followed by India, China, the United States, Turkey and Belgium, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +62.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest slaked lime suppliers to Nigeria were France ($X), the UK ($X) and India ($X), with a combined 52% share of total imports.

Among the main suppliers, India, with a CAGR of +81.4%, recorded 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 2021, the average slaked lime import price amounted to $X per ton, waning by -3.1% against the previous year. In general, the import price recorded a noticeable descent. The most prominent rate of growth was recorded in 2018 an increase of 89% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+11.4%), 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 slaked lime in the world?

China remains the largest slaked lime consuming country worldwide, comprising approx. 25% of total volume. Moreover, slaked lime consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. Russia ranked third in terms of total consumption with a 4.8% share.

What are the largest producers of slaked lime in the world?

China constituted the country with the largest volume of slaked lime production, accounting for 26% of total volume. Moreover, slaked lime production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by Russia, with a 4.8% share.

What are the leading suppliers of slaked lime to Nigeria?

In value terms, the largest slaked lime suppliers to Nigeria were the UK, France and Spain, together accounting for 94% of total imports.

What are the leading importers of slaked lime from Nigeria?

In value terms, Niger $57) remains the key foreign market for slaked lime exports from Nigeria, comprising 83% of total exports. The second position in the ranking was occupied by Spain $12), with a 17% share of total exports.

What is the average export price for slaked lime in Nigeria?

In 2020, the average slaked lime export price amounted to $267 per ton, which is down by -17.7% against the previous year.

What is the average import price for slaked lime in Nigeria?

In 2020, the average slaked lime import price amounted to $258 per ton, waning by -8.2% against the previous year.

This report provides an in-depth analysis of the slaked lime 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 23521035 - Slaked lime

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