Nigeria: Construction Sands Market 2024

Construction Sands Market Size in Nigeria

The Nigerien construction sands market contracted to $X in 2022, with a decrease of -5.3% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Construction sands consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Construction Sands Production in Nigeria

In value terms, construction sands production shrank to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 78% against the previous year. Construction sands production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Construction Sands Exports

Exports from Nigeria

In 2022, shipments abroad of construction sands was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports saw temperate growth. The pace of growth was the most pronounced in 2014 when exports increased by 804% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, construction sands exports skyrocketed to $X in 2022. Overall, exports, however, recorded a precipitous descent. The growth pace was the most rapid in 2014 with an increase of 70% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for construction sands exports from Nigeria, with a 70% share of total exports. Moreover, construction sands exports to China exceeded the volume sent to the second major destination, Niger (X tons), ninefold. India (X tons) ranked third in terms of total exports with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +32.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+51.6% per year) and India (-17.9% per year).

In value terms, China ($X) remains the key foreign market for construction sands exports from Nigeria, comprising 98% of total exports. The second position in the ranking was taken by India ($X), with a 0.6% share of total exports. It was followed by Niger, with a 0.1% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to +26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-46.3% per year) and Niger (+20.5% per year).

Export Prices by Country

In 2022, the average construction sands export price amounted to $X per ton, growing by 51% against the previous year. In general, the export price, however, continues to indicate a sharp slump. The most prominent rate of growth was recorded in 2017 an increase of 156%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Benin ($X 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 (-4.6%), while the prices for the other major destinations experienced a decline.

Construction Sands Imports

Imports into Nigeria

In 2022, supplies from abroad of construction sands was finally on the rise to reach X tons after five years of decline. Overall, imports, however, showed a deep contraction. The pace of growth appeared the most rapid in 2013 with an increase of 11,880% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, construction sands imports soared to $X in 2022. In general, imports, however, recorded a slight contraction. The growth pace was the most rapid in 2013 when imports increased by 575%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Lebanon (X tons) and Italy (X tons) were the main suppliers of construction sands imports to Nigeria, together accounting for 43% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lebanon (with a CAGR of +78.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of construction sands to Nigeria, comprising 27% of total imports. The second position in the ranking was held by France ($X), with a 6.2% share of total imports. It was followed by Italy, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to +42.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+13.7% per year) and Italy (+7.5% per year).

Import Prices by Country

In 2022, the average construction sands import price amounted to $X per ton, with an increase of 545% against the previous year. Over the period under review, the import price enjoyed perceptible growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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