Key Market Indicators
Nigerian imports of iron ore surged 7,430% in 2018 to 9,110, compared to just 121 in 2017. This marks a 92.1% increase since 2001. Supply of iron ore to Nigeria has also seen growth since 2006, rising 39.7% year-on-year.
Nigeria Iron Ore Market Data and Forecasts
How much will Nigeria Iron Ore Market grow?
More in Iron Ore Industry for 2027Improve your Knowledge with the latest Indicators and Trends
-
Exploring Dynamics in the Global Ore Trade: Imports, Exports and their Impacts
China’s economic and infrastructural expansion has greatly influenced its commodities market, including ore trade. This sector has witnessed an increase in both imports and exports, signaling a robust demand for base and precious metals and expanding supply capabilities. However, the disproportionality between the two is worthy of note, with imports...
Read more -
Iron Ore Pellets: Unraveling Industry Trends and Growth Opportunities Across Markets
Several dynamics are driving increased interest in the iron ore pellets industry. Predominantly, decarbonization efforts and stricter environmental regulations have stimulated demand for high-grade iron ore pellets in steelmaking, as they yield fewer emissions compared to low-grade ores. Moreover, developing economies infrastructure expansion - particularly in Asia, chiefly China and...
Read more