Report Update May 1, 2024

Nigeria - Cyanides, Cyanide Oxides and Complex Cyanides - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Market for None 2020

Imports of None

Imports into Nigeria

In 2018, approx. X tons of cyanides, cyanide oxides and complex cyanideses were imported into Nigeria; declining by -X% against the previous year. In general, imports of cyanides, cyanide oxides and complex cyanideses continue to indicate a deep setback. The growth pace was the most rapid in 2012 when imports increased by X% y-o-y. Imports peaked at X tons in 2009; however, from 2010 to 2018, imports remained at a lower figure.

In value terms, imports of cyanides, cyanide oxides and complex cyanideses amounted to $X in 2018. In general, imports of cyanides, cyanide oxides and complex cyanideses continue to indicate a deep descent. The pace of growth was the most pronounced in 2012 when imports increased by X% year-to-year. Imports peaked at $X in 2009; however, from 2010 to 2018, imports remained at a lower figure.

Imports by Country

India (X tons), China (X tons) and the UK (X tons) were the main suppliers of imports of cyanides, cyanide oxides and complex cyanideses to Nigeria, together accounting for X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by the UK (+X% per year), while the other leaders experienced mixed trend patterns.

In value terms, the largest cyanides, cyanide oxides and complex cyanides suppliers to Nigeria were the UK ($X), China ($X) and India ($X), together accounting for X% of total imports. These countries were followed by Germany and the U.S., which together accounted for a further X terms of the main suppliers, Germany experienced the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for cyanides, cyanide oxides and complex cyanideses stood at $X per ton in 2018, jumping by X% against the previous year. Over the period under review, the import price for cyanides, cyanide oxides and complex cyanideses continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. Over the period under review, the average import prices for cyanides, cyanide oxides and complex cyanideses attained their peak figure at $X per ton in 2016; however, from 2017 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cyanides, cyanide oxides and complex cyanides in the world?

The countries with the highest volumes of consumption in 2022 were Peru, the Netherlands and South Korea, together comprising 20% of global consumption. The United States, Russia, Canada, Burkina Faso, Turkey, the Czech Republic, Belgium, Cote d'Ivoire, Indonesia and Tanzania lagged somewhat behind, together accounting for a further 35%.

What are the largest producers of cyanides, cyanide oxides and complex cyanides in the world?

The countries with the highest volumes of production in 2022 were China, the United States and South Korea, with a combined 75% share of global production. The Netherlands, Belgium, the Czech Republic, Japan and Russia lagged somewhat behind, together accounting for a further 20%.

What are the leading suppliers of cyanides, cyanide oxides and complex cyanides to Nigeria?

In value terms, the Czech Republic constituted the largest supplier of cyanides, cyanide oxides and complex cyanides to Nigeria, comprising 94% of total imports. The second position in the ranking was taken by China, with a 6.1% share of total imports.

What are the leading importers of cyanides, cyanide oxides and complex cyanides from Nigeria?

In value terms, Niger remains the key foreign market for cyanides, cyanide oxides and complex cyanides exports from Nigeria.

What is the average export price for cyanides, cyanide oxides and complex cyanides in Nigeria?

The average cyanides and cyanide oxides export price stood at $635 per ton in 2022, with a decrease of -22.6% against the previous year.

What is the average import price for cyanides, cyanide oxides and complex cyanides in Nigeria?

The average cyanides and cyanide oxides import price stood at $2,999 per ton in 2022, which is down by -7.2% against the previous year.

This report provides an in-depth analysis of the market for cyanides, cyanide oxides and complex cyanides 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