Nigeria: Market for Unwrought Lead Containing Antimony 2021

Market Size for Unwrought Lead Containing Antimony in Nigeria

In 2020, the Nigerien unwrought lead containing antimony market decreased by -X% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Unwrought lead containing antimony consumption peaked at $X in 2017; however, from 2018 to 2020, consumption remained at a lower figure.

Production of Unwrought Lead Containing Antimony in Nigeria

In value terms, unwrought lead containing antimony production contracted to $X in 2020 estimated in export prices. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2020, production failed to regain the momentum.

Exports of Unwrought Lead Containing Antimony

Exports from Nigeria

In 2020, shipments abroad of unwrought lead containing antimony increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Exports peaked in 2020 and are expected to retain growth in the near future.

In value terms, unwrought lead containing antimony exports dropped to $X in 2020. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Exports peaked at $X in 2019, and then reduced in the following year.

Exports by Country

Italy (X tons) was the main destination for unwrought lead containing antimony exports from Nigeria, with a X% share of total exports. Moreover, unwrought lead containing antimony exports to Italy exceeded the volume sent to the second major destination, South Korea (X tons), fivefold. The third position in this ranking was occupied by Indonesia (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Italy stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Indonesia (+X% per year).

In value terms, Italy ($X) remains the key foreign market for unwrought lead containing antimony exports from Nigeria, comprising X% of total exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Italy amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Indonesia (+X% per year).

Export Prices by Country

The average unwrought lead containing antimony export price stood at $X per ton in 2020, which is down by -X% against the previous year. In general, the export price saw a perceptible setback. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. As a result, export price reached the peak level of $X per ton. From 2018 to 2020, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Belgium ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Belgium, while the prices for the other major destinations experienced a decline.

Imports of Unwrought Lead Containing Antimony

Imports into Nigeria

Unwrought lead containing antimony imports into Nigeria reduced to X kg in 2020, waning by -X% on the previous year's figure. In general, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Imports peaked at X tons in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, unwrought lead containing antimony imports reduced to $X in 2020. Over the period under review, imports saw a deep setback. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. From 2012 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, China (X kg) was the main unwrought lead containing antimony supplier to Nigeria, with a approx. X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from China amounted to -X%.

In value terms, China ($X) constituted the largest supplier of unwrought lead containing antimony to Nigeria.

From 2007 to 2020, the average annual growth rate of value from China totaled -X%.

Import Prices by Country

In 2020, the average unwrought lead containing antimony import price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. The import price peaked at $X per ton in 2015; however, from 2016 to 2020, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2007 to 2020, the rate of growth in terms of prices for China amounted to +X% per year.

Source: IndexBox Platform

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