Nigeria Metals and Mining Market Summary and Forecast
Summary
Metals & Mining in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The metals & mining market includes aluminum, steel, iron ore, coal, base metals, and precious metals. Market volume includes production volume and market value is calculated by multiplying market volume with production price.
- The Nigerian metals & mining industry had total revenues of $1.1 billion in 2022, representing a compound annual growth rate (CAGR) of 12.5% between 2017 and 2022.
- The production volume increased with a CAGR of 2.1% between 2017 and 2022, reaching a total of 746.3 thousand tonnes in 2022.
- Nigeria's mining and metals industry saw a downturn in 2022 as a result of armed banditry, community disputes, and a lack of regulations related to illegal mining.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the metals & mining market in Nigeria
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the metals & mining market in Nigeria
- Leading company profiles reveal details of key metals & mining market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria metals & mining market with five year forecasts
- What was the size of the Nigeria metals & mining market by value in 2022?
- What will be the size of the Nigeria metals & mining market in 2027?
- What factors are affecting the strength of competition in the Nigeria metals & mining market?
- How has the market performed over the last five years?
- What are the main segments that make up Nigeria's metals & mining market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Geography segmentation
- 1.6. Market rivalry
- 1.7. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the leading mining projects in Nigeria?
- 7.3. Which international mining corporations have demonstrated interest in Nigeria’s metals and mining industry?
- 8 Company Profiles
- 8.1. Thor Explorations Ltd
- 8.2. Tree Mines Global Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Nigeria metals & mining industry value: $ million, 2017–22
- Table 2: Nigeria metals & mining industry volume: thousand tonnes, 2017–22
- Table 3: Nigeria metals & mining industry geography segmentation: $ million, 2022
- Table 4: Nigeria metals & mining industry value forecast: $ million, 2022–27
- Table 5: Nigeria metals & mining industry volume forecast: thousand tonnes, 2022–27
- Table 6: Thor Explorations Ltd: key facts
- Table 7: Thor Explorations Ltd: Annual Financial Ratios
- Table 8: Thor Explorations Ltd: Key Employees
- Table 9: Tree Mines Global Ltd: key facts
- Table 10: Tree Mines Global Ltd: Key Employees
- Table 11: Nigeria size of population (million), 2018–22
- Table 12: Nigeria gdp (constant 2005 prices, $ billion), 2018–22
- Table 13: Nigeria gdp (current prices, $ billion), 2018–22
- Table 14: Nigeria inflation, 2018–22
- Table 15: Nigeria consumer price index (absolute), 2018–22
- Table 16: Nigeria exchange rate, 2018–22
- List of Figures
- Figure 1: Nigeria metals & mining industry value: $ million, 2017–22
- Figure 2: Nigeria metals & mining industry volume: thousand tonnes, 2017–22
- Figure 3: Nigeria metals & mining industry geography segmentation: % share, by value, 2022
- Figure 4: Nigeria metals & mining industry value forecast: $ million, 2022–27
- Figure 5: Nigeria metals & mining industry volume forecast: thousand tonnes, 2022–27
- Figure 6: Forces driving competition in the metals & mining industry in Nigeria, 2022
- Figure 7: Drivers of buyer power in the metals & mining industry in Nigeria, 2022
- Figure 8: Drivers of supplier power in the metals & mining industry in Nigeria, 2022
- Figure 9: Factors influencing the likelihood of new entrants in the metals & mining industry in Nigeria, 2022
- Figure 10: Factors influencing the threat of substitutes in the metals & mining industry in Nigeria, 2022
- Figure 11: Drivers of degree of rivalry in the metals & mining industry in Nigeria, 2022
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