Nigeria - Pumps For Liquids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPumps for Liquids Price in Nigeria - 2022
Contents:
- Pumps for Liquids Price in Nigeria (CIF) - 2022
- Pumps for Liquids Price in Nigeria (FOB) - 2022
- Pumps for Liquids Imports in Nigeria
- Pumps for Liquids Exports in Nigeria
Pumps for Liquids Price in Nigeria (CIF) - 2022
The average pumps for liquids import price stood at $124 per unit in June 2022, falling by -29.5% against the previous month. In general, the import price, however, showed a strong increase. The most prominent rate of growth was recorded in July 2021 an increase of 371% against the previous month. As a result, import price attained the peak level of $233 per unit. From August 2021 to June 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From June 2021 to June 2022, the rate of growth in terms of prices for China amounted to +9.5% per month.
Pumps for Liquids Price in Nigeria (FOB) - 2022
In 2022, the average pumps for liquids export price amounted to $1,763 per unit, surging by 72% against the previous year. Overall, the export price posted a significant increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 191% against the previous year. The export price peaked at $2,329 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +52.2% per year.
Pumps for Liquids Imports in Nigeria
In 2022, pumps for liquids imports into Nigeria contracted markedly to 694K units, which is down by -36% on the previous year's figure. In general, imports continue to indicate a precipitous shrinkage. The smallest decline of -1% was in 2020. Over the period under review, imports attained the peak figure at 1.5M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, pumps for liquids imports contracted significantly to $73M in 2022. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 30%. As a result, imports reached the peak of $101M, and then declined sharply in the following year.
| Import of Pumps for Liquids in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 32.2 | 53.2 | 41.7 | 55.5 | 19.9% |
| India | 4.6 | 2.9 | 8.4 | 3.4 | -9.6% |
| Others | 50.6 | 21.3 | 50.4 | 14.0 | -34.8% |
| Total | 87.3 | 77.4 | 101 | 72.9 | -5.8% |
Top Suppliers of Pumps for Liquids to Nigeria in 2022:
- China (637.5K units)
- India (21.9K units)
Pumps for Liquids Exports in Nigeria
In 2022, the amount of pumps for liquids exported from Nigeria fell remarkably to 111 units, reducing by -32.3% against the previous year's figure. In general, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 332% against the previous year. As a result, the exports attained the peak of 164 units, and then shrank sharply in the following year.
In value terms, pumps for liquids exports surged to $196K in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 90% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Pumps for Liquids in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 21.1 | 20.9 | 33.8 | 126 | 81.4% |
| Benin | 10.7 | 17.8 | 30.1 | N/A | 67.7% |
| Cote d'Ivoire | 8.7 | 1.3 | 6.2 | N/A | -15.6% |
| Mozambique | N/A | N/A | 1.6 | N/A | 0% |
| Gabon | 26.5 | 27.8 | 47.7 | N/A | 34.2% |
| China | 2.1 | 2.3 | 3.9 | N/A | 36.3% |
| United Kingdom | 1.9 | 1.4 | 1.8 | N/A | -2.7% |
| Angola | N/A | 1.7 | 1.2 | N/A | -29.4% |
| Others | 15.1 | 15.3 | 41.7 | 69.8 | 66.6% |
| Total | 86.2 | 88.5 | 168 | 196 | 31.5% |
Top Export Markets for Pumps for Liquids from Nigeria in 2022:
- Netherlands (111.0 units)
This report provides an in-depth analysis of the pumps for liquids 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 28131413 - Submersible motor, single-stage rotodynamic drainage and sewage pumps
- Prodcom 28131415 - Submersible motor, multi-stage rotodynamic pumps
- Prodcom 28131417 - Glandless impeller pumps for heating systems and warm water supply
- Prodcom 28131420 - Rotodynamic pumps . .15 mm discharge
- Prodcom 28131430 - Centrifugal pumps with a discharge outlet diameter > .15 mm, c hannel impeller pumps, side channel pumps, peripheral pumps and regenerative pumps
- Prodcom 28131451 - Centrifugal pumps with a discharge outlet diameter > .15 mm, s ingle-stage with a single entry impeller, close coupled
- Prodcom 28131453 - Centrifugal pumps with a discharge outlet diameter > .15 mm, s ingle stage with a single entry impeller, long coupled
- Prodcom 28131455 - Centrifugal pumps with a discharge outlet diameter > .15 mm, s ingle-stage with double entry impeller
- Prodcom 28131460 - Centrifugal pumps with a discharge outlet diameter > .15 mm, m ulti-stage (including self-priming)
- Prodcom 28131471 - Rotodynamic single-stage mixed flow or axial pumps
- Prodcom 28131475 - Rotodynamic multi-stage mixed flow or axial pumps
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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