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Nigeria - Prepared Explosives - Market Analysis, Forecast, Size, Trends and Insights
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View PricingExplosives Price in Nigeria - 2022
Contents:
- Explosives Price in Nigeria (CIF) - 2022
- Explosives Price in Nigeria (FOB) - 2022
- Explosives Imports in Nigeria
- Explosives Exports in Nigeria
Explosives Price in Nigeria (CIF) - 2022
The average explosives import price stood at $4,647 per ton in 2022, rising by 14% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 92% against the previous year. As a result, import price reached the peak level of $7,847 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($583,979 per ton), while the price for South Africa ($204 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+83.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Explosives Price in Nigeria (FOB) - 2022
In 2022, the average explosives export price amounted to $10,877 per ton, waning by -9.5% against the previous year. Overall, the export price, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2017 an increase of 110% against the previous year. The export price peaked at $12,019 per ton in 2021, and then dropped in the following year.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to +35.8% per year.
Explosives Imports in Nigeria
In 2022, approx. 246 tons of prepared explosives were imported into Nigeria; picking up by 8.8% against 2021 figures. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 when imports increased by 15% against the previous year. As a result, imports reached the peak of 266 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, explosives imports skyrocketed to $1.1M in 2022. Overall, imports, however, continue to indicate a deep contraction.
Import of Explosives in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 444 | 56.0 | 42.4 | 314 | -10.9% |
Spain | 318 | 249 | 350 | 290 | -3.0% |
India | 313 | 250 | 108 | 180 | -16.8% |
Singapore | 164 | 87.5 | 147 | 146 | -3.8% |
Poland | 335 | 49.9 | 144 | 119 | -29.2% |
South Africa | 34.6 | 13.8 | 17.2 | 12.6 | -28.6% |
Russia | N/A | 561 | N/A | N/A | 0% |
Others | 210 | 97.1 | 113 | 81.7 | -27.0% |
Total | 1,817 | 1,364 | 922 | 1,143 | -14.3% |
Top Suppliers of Explosives to Nigeria in 2022:
- India (79.5 tons)
- South Africa (62.1 tons)
- Spain (47.4 tons)
- Poland (40.8 tons)
- United States (9.2 tons)
- Singapore (5.7 tons)
Explosives Exports in Nigeria
Explosives exports from Nigeria reduced notably to 823 kg in 2022, falling by -26% on the previous year. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 158%. As a result, the exports attained the peak of 1.1 tons, and then declined rapidly in the following year.
In value terms, explosives exports contracted rapidly to $9K in 2022. Overall, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 194% against the previous year. As a result, the exports reached the peak of $13K, and then shrank notably in the following year.
Export of Explosives in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Niger | 2.6 | 4.5 | 13.4 | 9.0 | 51.3% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 2.6 | 4.5 | 13.4 | 9.0 | 51.3% |
Top Export Markets for Explosives from Nigeria in 2022:
- Niger (823.0 kg)
This report provides an in-depth analysis of the explosives 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 20511150 - Prepared explosives (excluding propellant powders)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the explosives market in Nigeria.
This report provides an in-depth analysis of the global explosives market.
This report provides an in-depth analysis of the explosives market in Nigeria.
This report provides an in-depth analysis of the global explosives market.
In 2016, the global imports of explosives stood at X tons, moving up by X% against the previous year figure. Overall, explosives imports continue to indicate a prominent expansion. The pace of ...
In 2016, the global imports of explosives stood at X tons, moving up by X% against the previous year figure. Overall, explosives imports continue to indicate a prominent expansion. The pace of ...
In value terms, explosives imports amounted to $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total imports value increased at an average annual rate of +X% over th...
In value terms, explosives exports totaled $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annual rate of +X% over the la...
In 2016, the global imports of explosives stood at X tons, moving up by X% against the previous year figure. Overall, explosives imports continue to indicate a prominent expansion. The pace of ...
In 2016, the global imports of explosives stood at X tons, moving up by X% against the previous year figure. Overall, explosives imports continue to indicate a prominent expansion. The pace of ...