Report Update Nov 1, 2024

Nigeria - Zirconium Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in Nigeria

In 2022, the Nigerien zirconium ore and concentrate market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption continues to indicate a sharp slump. Zirconium ore and concentrate consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Zirconium Ores and Concentrates in Nigeria

In value terms, zirconium ore and concentrate production skyrocketed to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Zirconium Ores and Concentrates

Exports from Nigeria

In 2022, shipments abroad of zirconium ores and concentrates increased by X% to X tons, rising for the third year in a row after three years of decline. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, zirconium ore and concentrate exports skyrocketed to $X in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for zirconium ore and concentrate exports from Nigeria, accounting for a X% share of total exports. Moreover, zirconium ore and concentrate exports to China exceeded the volume sent to the second major destination, Malaysia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and India (X% per year).

In value terms, the largest markets for zirconium ore and concentrate exported from Nigeria were China ($X), Malaysia ($X) and India ($X).

Among the main countries of destination, China, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average zirconium ore and concentrate export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price recorded a notable increase. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Zirconium Ores and Concentrates

Imports into Nigeria

In 2022, after five years of decline, there was significant decline in supplies from abroad of zirconium ores and concentrates, when their volume decreased by X% to X tons. Over the period under review, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, zirconium ore and concentrate imports dropped markedly to $X in 2022. Overall, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Italy (X tons) and China (X tons) were the main suppliers of zirconium ore and concentrate imports to Nigeria.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%).

In value terms, Italy ($X) and China ($X) appeared to be the largest zirconium ore and concentrate suppliers to Nigeria.

Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2022, the average zirconium ore and concentrate import price amounted to $X per ton, stabilizing at the previous year. Overall, the import price continues to indicate mild growth. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably 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 totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for zirconium ores and concentrates in the world?

The countries with the highest volumes of in 2021 were China, Australia and Spain, with a combined 77% share of global consumption. India, the United States and Senegal lagged somewhat behind, together comprising a further 9.7%.

What are the largest producers of zirconium ores and concentrates in the world?

The countries with the highest volumes of in 2021 were Australia, South Africa and Senegal, together comprising 69% of global production.

What are the leading suppliers of zirconium ores and concentrates to Nigeria?

In value terms, Italy constituted the largest supplier of zirconium ore and concentrate to Nigeria.

What are the leading importers of zirconium ores and concentrates from Nigeria?

In value terms, China remains the key foreign market for zirconium ore and concentrate exports from Nigeria, comprising 99% of total exports. The second position in the ranking was occupied by South Africa, with a 1.1% share of total exports.

What is the average export price for zirconium ores and concentrates in Nigeria?

In 2021, the average zirconium ore and concentrate export price amounted to $253 per ton, waning by -43.9% against the previous year.

What is the average import price for zirconium ores and concentrates in Nigeria?

The average zirconium ore and concentrate import price stood at $1,897 per ton in 2021, remaining constant against the previous year.

This report provides an in-depth analysis of the market for zirconium ore and concentrate 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:

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