Report Update Apr 1, 2024

Nigeria - Coal - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Coal Market 2024

Coal Market Size in Nigeria

The Nigerien coal market skyrocketed to $X in 2022, growing by X% against the previous year. Over the period under review, consumption posted a resilient expansion. Coal consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Coal Production in Nigeria

In value terms, coal production dropped remarkably to $X in 2022 estimated in export price. Overall, production recorded notable growth. The most prominent rate of growth was recorded 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 remained at a somewhat lower figure.

Coal Exports

Exports from Nigeria

In 2022, coal exports from Nigeria skyrocketed to X tons, increasing by X% on the previous year. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, coal exports soared to $X in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Niger (X tons), Togo (X tons) and Benin (X tons) were the main destinations of coal exports from Nigeria, together comprising X% of total exports.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Niger (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for coal exported from Nigeria were Niger ($X), Togo ($X) and Benin ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Niger, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average coal export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($X per ton), while the average price for exports to Niger ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (X%).

Coal Imports

Imports into Nigeria

In 2022, the amount of coal imported into Nigeria surged to X tons, with an increase of X% compared with 2021. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, coal imports skyrocketed to $X in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Mozambique (X tons) constituted the largest coal supplier to Nigeria, accounting for a X% share of total imports. Moreover, coal imports from Mozambique exceeded the figures recorded by the second-largest supplier, South Africa (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Mozambique amounted to X.5%.

In value terms, the largest coal suppliers to Nigeria were Mozambique ($X) and South Africa ($X).

Mozambique, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2022, the average coal import price amounted to $X per ton, reducing by X% against the previous year. Overall, the import price continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, and then contracted sharply in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Mozambique stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for coal in the world?

China constituted the country with the largest volume of coal consumption, comprising approx. 49% of total volume. Moreover, coal consumption in China exceeded the figures recorded by the second-largest consumer, India, fourfold. The third position in this ranking was held by the United States, with a 5.9% share.

What are the largest producers of coal in the world?

The country with the largest volume of coal production was China, comprising approx. 44% of total volume. Moreover, coal production in China exceeded the figures recorded by the second-largest producer, Australia, fivefold. India ranked third in terms of total production with an 8.5% share.

What are the leading suppliers of coal to Nigeria?

In value terms, the largest coal suppliers to Nigeria were Mozambique and South Africa.

What are the leading importers of coal from Nigeria?

In value terms, the largest markets for coal exported from Nigeria were Niger, Togo and Benin, together comprising 100% of total exports.

What is the average export price for coal in Nigeria?

In 2022, the average coal export price amounted to $73 per ton, rising by 6.8% against the previous year.

What is the average import price for coal in Nigeria?

The average coal import price stood at $222 per ton in 2022, waning by -67.1% against the previous year.

This report provides an in-depth analysis of the coal 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:

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