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+86-157-2476-6919Overview of the Chemical Industry in Nigeria and How to Buy Chemicals
Introduction to Nigeria
- Population: 202 million people
- Capital: Abuja
- Official Language: English
- Total Area: 923,769 km2
- Currency: Naira
Nigeria is an attractive country for chemical trade. Nigeria's chemical industry includes chemicals for automobile industry, rubber, pharmaceuticals, paper, soap, detergents, fertilizers, machinery, steel, cement, furniture, footwear, electronics and appliances, petrochemicals, oil, and textiles.
Economy of Nigeria
Economic Overview:
- Nigeria is located in the South-East of West Africa.
- Nigeria has the largest economy in Africa.
- Nigeria has a nominal GDP of USD 443 million.
- The largest industries: oil and gas, textiles, furniture, steel, rubber, cement, soap, pharmaceuticals, detergents, tire production, footwear, motor vehicle, electronics, paper, and petroleum.
Economy Breakdown of Nigeria:
- Service sector: 50%
- Industry: 27%
- Agriculture: 22%
Nigeria’s Main Import Partners:
- China: 3%
- Spain: 10%
- India: 15%
- Netherlands: 9%
- Ghana: 8%
Nigeria’’s Main Export Partners:
- China: 19%
- Netherlands: 11%
- Korea Rep: 11%
- Belgium: 9%
- United States: 7%
Chemical use in Nigeria
Given the economic growth of Nigeria, it is an attractive country for chemical trade. Nigeria's chemical industry is diverse and includes chemicals for automobile industries, rubber, pharmaceuticals, paper, soap, detergents, fertilizers, machinery, steel, cement, furniture, footwear, electronics and appliances, petrochemicals, oil, and textiles.
The chemicals industry grew by 1.7 % in the first quarter of 2019 from 1.5% in the fourth quarter of 2018.
- Oil and Gas Industry
This is the largest industry in Nigeria and the tenth-largest industry in the world. It is also referred to as the petroleum industry, which involves exploring, extracting, refining, and selling petroleum products. It accounts for about 70% of the country's total revenue and 14% of Nigeria's GDP.
Nigeria uses various imported chemicals, basically because the demand for chemicals is higher than it can produce.
Camachem has supplied mining chemicals such as Collectors, Hydroxamic acid, and activated carbon to Nigeria.
- Water Treatment Industry
With the constant expansion in Nigeria's economy, such as industrialization, urbanization, agriculture, population growth is eminent in urban centers, and with the changing consumption patterns, the demand for clean water is expected to double in the coming years. The government will have to expand its water treatment plants, creating more demand for water treatment chemicals.
Nigeria uses large amounts of water treatment chemicals from international markets, with just a small portion from the local manufacturers' market.
Camachem has supplied water treatment chemicals such as Calcium Hypochlorite, Sodium Hypochlorite, and Ferric Chloride to Nigeria.
- Pharmaceutical Industry
The pharmaceutical industry is one of the fastest-growing industries in Nigeria. The sector that strongly relies on importing pharmaceuticals is slowly changing its tune to grow its pharmaceutical industry to international standards.
Expanding this industry will translate to an increased demand for pharmaceutical chemicals.
Camachem has supplied pharmaceutical chemicals such as Sodium Isopropyl Xanthate (SIPX) and Liquid Caustic Soda Lye 32% to Nigeria.
Seaports and Trading Hubs of Nigeria
Nigeria is accessible by both land and sea. For international trading, the main seaports are:
- Lagos Port Complex
- Tin Can Island Port
- Calabar Port
- Delta Port
- Rivers Port/Port Harcourt
- Onne Port
Camachem uses the Lagos Port Complex for importing goods, the largest and busiest port of Nigeria, serving as the major economic door for importing and exporting goods.
- International trading seaports and trading hubs in Nigeria, including the Lagos' port, which is the largest container seaport.
What Chemicals does Nigeria Import?
According to the latest trade data, Nigeria imports USD 302 million in inorganic chemicals and USD 657 Million in organic chemicals. They include chemicals such as:
What Regulations are there on Importing Chemicals to Nigeria?
Both organic and inorganic chemicals require proper handling procedures. The government of Nigeria has developed regulations to guide the importation of chemicals. They include:
- Bill of Landing.
- Certificate of Compliance.
- Proper Labeling
- License and Permits
- Health Certification
- Commercial Invoice
- Valuation
- Risk-Based Trade Control Systems
- Inspection and Examination Procedures
- Insurance Certificates
- Cargo Release Order
- Packing List
- Certificate of Weight and Volume
- Identification Document
Why Should Nigeria Import Chemicals?
- High Cost of Chemicals - Locally manufactured chemicals tend to be expensive when compared to imported ones. This has increased the purchase of chemicals from the international market.
What makes most domestic chemicals expensive is the high cost of labor, raw materials, and taxes. - Chemical Quality - Quality means everything for manufacturers and traders. International importers have a reputation for producing quality chemicals.
- Long-Term Agreements - The main reason why most manufacturers prefer to import directly from international markets, is because of long term agreements which occasionally provide discounts.
Activated Carbon CTC55 is one of the key chemicals that we export to Nigeria
- Activated carbon ready for shipment. The chemical is used to purify water.
Where Can I Buy Chemicals for Nigeria?
Camachem has been exporting chemicals to clients in Nigeria. Feel free to contact us at [email protected] or WhatsApp us at +86-131-2037-9271 for a FREE quotation.
We also ship worldwide to other countries. Check out our experience here.