![Report Nigeria - Copper Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights for 499$](/landing/img/reports/nigeria-copper-ores-and-concentrates-market-analysis-forecast-size-trends-and-insights.webp)
Nigeria - Copper Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingNigeria: Market for Copper Ores And Concentrates 2024
Market Size for Copper Ores And Concentrates in Nigeria
In 2023, the Nigerien copper ores and concentrates market increased by X% to $X, rising for the third consecutive year after three years of decline. In general, consumption, however, continues to indicate a abrupt descent. Copper ores and concentrates consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.
Production of Copper Ores And Concentrates in Nigeria
In value terms, copper ores and concentrates production surged to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Copper ores and concentrates production peaked at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.
Exports of Copper Ores And Concentrates
Exports from Nigeria
In 2023, the amount of copper ores and concentrates exported from Nigeria reduced markedly to X tons, which is down by X% against the previous year. In general, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.
In value terms, copper ores and concentrates exports declined significantly to $X in 2023. Over the period under review, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.
Exports by Country
The United States (X tons) was the main destination for copper ores and concentrates exports from Nigeria, with a X% share of total exports. Moreover, copper ores and concentrates exports to the United States exceeded the volume sent to the second major destination, South Korea (X tons), more than tenfold. Germany (X tons) ranked third in terms of total exports with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Germany (X% per year).
In value terms, the United States ($X) remains the key foreign market for copper ores and concentrates exports from Nigeria, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Belgium (X% per year).
Export Prices by Country
The average copper ores and concentrates export price stood at $X per ton in 2023, increasing by X% against the previous year. Overall, the export price, however, showed a abrupt curtailment. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Copper Ores And Concentrates
Imports into Nigeria
After three years of decline, overseas purchases of copper ores and concentrates decreased by X% to X tons in 2023. In general, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.
In value terms, copper ores and concentrates imports fell markedly to $X in 2023. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports remained at a lower figure.
Imports by Country
In 2023, China (X tons) was the main copper ores and concentrates supplier to Nigeria, with a approx. X% share of total imports.
From 2013 to 2023, the average annual rate of growth in terms of volume from China stood at X%.
In value terms, China ($X) constituted the largest supplier of copper ores and concentrates to Nigeria.
From 2013 to 2023, the average annual growth rate of value from China amounted to X%.
Import Prices by Country
In 2023, the average copper ores and concentrates import price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the import price, however, saw a dramatic downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2013 to 2023, the rate of growth in terms of prices for Niger amounted to X% per year.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for copper ores and concentrates 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 07291100 - Copper ores and concentrates
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
Recommended reports
This report provides an in-depth analysis of the market for copper ores and concentrates in Asia.
This report provides an in-depth analysis of the market for copper ores and concentrates in the U.S..
This report provides an in-depth analysis of the market for copper ores and concentrates in China.
This report provides an in-depth analysis of the market for copper ores and concentrates in the EU.
This report provides an in-depth analysis of the global market for copper ores and concentrates.
- Market Research in Nigeria
- Biggest Producers of Copper
- Best Copper Producers
- Largest Copper Companies
- Price for Copper Ores and Concentrates Nigeria
- Largest Copper Companies in the World
- Biggest Copper Mining Companies
- Largest Copper Companies
- Top Copper Companies
- Biggest Copper Companies in the World