Nigeria - Granite Building Stone - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingGranite Building Stone Price in Nigeria - 2022
Contents:
- Granite Building Stone Price in Nigeria (CIF) - 2022
- Granite Building Stone Price in Nigeria (FOB) - 2022
- Granite Building Stone Imports in Nigeria
- Granite Building Stone Exports in Nigeria
Granite Building Stone Price in Nigeria (CIF) - 2022
The average granite building stone import price stood at $803 per ton in June 2022, surging by 5.3% against the previous month. Over the period under review, the import price posted resilient growth. The growth pace was the most rapid in March 2022 when the average import price increased by 39% m-o-m. Over the period under review, average import prices attained the maximum in June 2022.
There were significant differences in the average prices amongst the major supplying countries. In June 2022, the country with the highest price was the United Arab Emirates ($1,884 per ton), while the price for Kenya ($154 per ton) was amongst the lowest.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Granite Building Stone Price in Nigeria (FOB) - 2022
In February 2022, the average granite building stone export price amounted to $99.0 per ton, therefore, remained relatively stable against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $148 per ton in July 2021; however, from August 2021 to February 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From April 2021 to February 2022, the rate of growth in terms of prices for China amounted to -0.1% per month.
Granite Building Stone Imports in Nigeria
In 2022, supplies from abroad of granite building stone decreased by -8.4% to 45K tons, falling for the second year in a row after two years of growth. In general, total imports indicated perceptible growth from 2019 to 2022: its volume increased at an average annual rate of +3.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -34.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 69% against the previous year. As a result, imports attained the peak of 68K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, granite building stone imports shrank modestly to $19M in 2022. Overall, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 124%. As a result, imports reached the peak of $25M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Granite Building Stone in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 3.1 | 5.3 | 6.6 | 6.2 | 26.0% |
China | 3.8 | 13.4 | 6.1 | 6.0 | 16.4% |
Spain | 2.1 | 2.9 | 2.7 | 2.8 | 10.1% |
Brazil | 0.2 | 0.2 | 0.2 | 0.5 | 35.7% |
Italy | 0.7 | 1.6 | 0.6 | 0.5 | -10.6% |
Malaysia | 0.3 | 0.4 | 0.4 | 0.5 | 18.6% |
Others | 1.0 | 1.1 | 2.7 | 2.3 | 32.0% |
Total | 11.1 | 24.9 | 19.3 | 18.7 | 19.0% |
Top Suppliers of Granite Building Stone to Nigeria in 2022:
- India (15.5K tons)
- China (14.9K tons)
- Spain (6.5K tons)
- Malaysia (2.2K tons)
- Italy (1.5K tons)
- Brazil (0.9K tons)
Granite Building Stone Exports in Nigeria
In 2022, the amount of granite building stone exported from Nigeria soared to 57 tons, picking up by 243% against the previous year's figure. In general, exports, however, recorded a significant decline.
In value terms, granite building stone exports surged to $85K in 2022. Over the period under review, exports continue to indicate a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Granite Building Stone in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 6.2 | 24.0 | 1.8 | 22.0 | 52.5% |
Benin | 1.1 | 4.9 | 1.6 | 16.5 | 146.6% |
Netherlands | N/A | N/A | N/A | 0.5 | 0% |
China | N/A | N/A | 17.1 | N/A | 0% |
Lebanon | 6.1 | N/A | N/A | N/A | 0% |
Kenya | 6.0 | N/A | N/A | N/A | 0% |
Pakistan | 3.6 | N/A | N/A | N/A | 0% |
Ghana | 26.5 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | 0.1 | 45.5 | 45400.0% |
Total | 49.5 | 28.9 | 20.6 | 84.5 | 19.5% |
Top Export Markets for Granite Building Stone from Nigeria in 2022:
- Germany (4.0 tons)
- Benin (3.0 tons)
- Netherlands (0.2 tons)
This report provides an in-depth analysis of the granite building stone 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 23701260 - Worked monumental or building stone and articles thereof, of granite (excluding tiles, cubes and similar articles, of which the largest surface area is capable of being enclosed in a square the side of which is < 7 cm, setts, kerbstones and
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
- 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
-
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
-
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
-
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
-
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
-
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
-
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 granite building stone market in Nigeria.
This report provides an in-depth analysis of the marble building stone market in Nigeria.
This report provides an in-depth analysis of the global granite building stone market.
This report provides an in-depth analysis of the global marble building stone market.
This report provides an in-depth analysis of the granite building stone market in Nigeria.
This report provides an in-depth analysis of the marble building stone market in Nigeria.
This report provides an in-depth analysis of the global granite building stone market.
This report provides an in-depth analysis of the global marble building stone market.
Explore the top import markets for granite building stone, including the United States, South Korea, Japan, and more. Learn about the demand and use of granite in construction projects worldwide.
Over the past decade, the share of Indian supplies in the global exports value rose from 15% to 16%, while China's one soared from 50% to 59%.
Explore the top import markets for marble building stone and the key statistics behind them. Discover the countries driving the global demand for this exquisite construction material.
Explore the top import markets for granite building stone, including the United States, South Korea, Japan, and more. Learn about the demand and use of granite in construction projects worldwide.
Over the past decade, the share of Indian supplies in the global exports value rose from 15% to 16%, while China's one soared from 50% to 59%.
Explore the top import markets for marble building stone and the key statistics behind them. Discover the countries driving the global demand for this exquisite construction material.