Nigeria - Lime - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLime Price in Nigeria - 2022
Contents:
- Lime Price in Nigeria (CIF) - 2022
- Lime Price in Nigeria (FOB) - 2022
- Lime Imports in Nigeria
- Lime Exports in Nigeria
Lime Price in Nigeria (CIF) - 2022
The average lime import price stood at $326 per ton in June 2022, rising by 31% against the previous month. Overall, import price indicated a temperate increase from June 2021 to June 2022: its price increased at an average monthly rate of +3.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2022 figures, lime import price increased by +30.7% against May 2022 indices. The pace of growth was the most pronounced in December 2021 when the average import price increased by 67% month-to-month. As a result, import price reached the peak level of $455 per ton. From January 2022 to June 2022, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2022, the country with the highest price was the UK ($385 per ton), while the price for Spain stood at $266 per ton.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Lime Price in Nigeria (FOB) - 2022
In 2022, the average lime export price amounted to $302 per ton, reducing by -17% against the previous year. Over the period under review, the export price, however, saw modest growth. The pace of growth was the most pronounced in 2015 an increase of 59%. Over the period under review, the average export prices hit record highs at $364 per ton in 2021, and then shrank markedly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($689 per ton), while the average price for exports to Germany ($31 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+68.2%), while the prices for the other major destinations experienced more modest paces of growth.
Lime Imports in Nigeria
In 2022, the amount of lime imported into Nigeria skyrocketed to 25K tons, increasing by 65% against 2021. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 109% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, lime imports expanded notably to $3.9M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 84%. As a result, imports reached the peak of $4.1M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Lime in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | 933 | 1,295 | 1,066 | 1,072 | 4.7% |
| Spain | 353 | 928 | 452 | 775 | 30.0% |
| France | 229 | 520 | 308 | 259 | 4.2% |
| United Kingdom | 247 | 631 | 243 | 233 | -1.9% |
| United Arab Emirates | 53.7 | 422 | 257 | 216 | 59.0% |
| India | 33.6 | 50.6 | 131 | 110 | 48.5% |
| China | 9.9 | 28.0 | 37.4 | 32.1 | 48.0% |
| Others | 383 | 253 | 1,176 | 1,199 | 46.3% |
| Total | 2,243 | 4,128 | 3,670 | 3,896 | 20.2% |
Top Suppliers of Lime to Nigeria in 2022:
- Spain (7.7K tons)
- United Kingdom (1.9K tons)
- Botswana (1.9K tons)
- France (1.6K tons)
- United Arab Emirates (1.3K tons)
- India (0.7K tons)
- China (0.4K tons)
Lime Exports in Nigeria
For the fourth year in a row, Nigeria recorded growth in shipments abroad of lime, which increased by 48% to 49 tons in 2022. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 398%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, lime exports soared to $15K in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 649% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Lime in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 0.6 | 4.6 | 6.4 | 8.4 | 141.0% |
| Niger | 0.3 | 2.3 | 3.5 | 5.8 | 168.4% |
| Germany | N/A | N/A | N/A | 0.1 | 0% |
| Others | N/A | 0.1 | 2.2 | 0.4 | 100.0% |
| Total | 0.9 | 7.0 | 12.0 | 14.7 | 153.7% |
Top Export Markets for Lime from Nigeria in 2022:
- Ghana (30.7 tons)
- Niger (8.4 tons)
- Germany (4.7 tons)
This report provides an in-depth analysis of the lime 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 23521033 - Quicklime
- Prodcom 23521035 - Slaked lime
- Prodcom 23521050 - Hydraulic lime
- Prodcom 23523030 - Calcined and sintered dolomite, crude, roughly trimmed or merely cut into rectangular or square blocks or slabs
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
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This report provides an in-depth analysis of the lime market in Nigeria.
682
This report provides an in-depth analysis of the market for quicklime, slaked lime and hydraulic lime in Nigeria.
463
This report provides an in-depth analysis of the hydraulic lime market in Nigeria.
627
This report provides an in-depth analysis of the quicklime market in Nigeria.
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This report provides an in-depth analysis of the slaked lime market in Nigeria.
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This report provides an in-depth analysis of the global lime market.
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This report provides an in-depth analysis of the global market for quicklime, slaked lime and hydraulic lime.
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This report provides an in-depth analysis of the global hydraulic lime market.
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This report provides an in-depth analysis of the global quicklime market.
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This report provides an in-depth analysis of the global slaked lime market.
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The global lime market revenue amounted to $20.7B in 2017, picking up by 4.2% against the previous year. This figure refle...
2443
In 2016, the global lime imports stood at X tons, lowering by -X% against the previous year level. In general, lime imports continue to indicate a measured reduction. The pace of growth appeared...
905
In 2016, the global lime imports stood at X tons, lowering by -X% against the previous year level. In general, lime imports continue to indicate a measured reduction. The pace of growth appeared...
1570
Despite a minor hiccup in 2013 exports, France continued its dominance in the global quicklime/slaked lime trade. In 2013, France exported X thousand tons of quicklime/slaked lime totaling X million USD, X% under the previous year. Its primary tr
632
The global lime market revenue amounted to $20.7B in 2017, picking up by 4.2% against the previous year. This figure refle...
2443
In 2016, the global lime imports stood at X tons, lowering by -X% against the previous year level. In general, lime imports continue to indicate a measured reduction. The pace of growth appeared...
905
In 2016, the global lime imports stood at X tons, lowering by -X% against the previous year level. In general, lime imports continue to indicate a measured reduction. The pace of growth appeared...
1570
Despite a minor hiccup in 2013 exports, France continued its dominance in the global quicklime/slaked lime trade. In 2013, France exported X thousand tons of quicklime/slaked lime totaling X million USD, X% under the previous year. Its primary tr
