Nigeria - Electric Generating Sets and Rotary Converters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNigeria: Market for Electric Generating Sets And Rotary Converters 2024
Market Size for Electric Generating Sets And Rotary Converters in Nigeria
The Nigerien market for electric generating sets and rotary converters was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption recorded a strong increase. Consumption of peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.
Exports of Electric Generating Sets And Rotary Converters
Exports from Nigeria
Exports of electric generating sets and rotary converters from Nigeria declined markedly to X units in 2021, with a decrease of X% on 2020. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.
In value terms, exports of electric generating sets and rotary converters fell significantly to $X in 2021. In general, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.
Exports by Country
Niger (X units) was the main destination for exports of electric generating sets and rotary converters from Nigeria, with a X% share of total exports. Moreover, exports of electric generating sets and rotary converters to Niger exceeded the volume sent to the second major destination, Sierra Leone (X units), twofold. Uganda (X units) ranked third in terms of total exports with a X% share.
From 2012 to 2020, the average annual rate of growth in terms of volume to Niger stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sierra Leone (X% per year) and Uganda (X% per year).
In value terms, Niger ($X), Congo ($X) and Benin ($X) appeared to be the largest markets for electric generating set and rotary converter exported from Nigeria worldwide.
Among the main countries of destination, Uganda, with a CAGR of X.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2020, the average export price for electric generating sets and rotary converters amounted to $X per unit, dropping by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2020, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Congo ($X per unit), while the average price for exports to Denmark ($X per unit) was amongst the lowest.
From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Generating Sets And Rotary Converters
Imports into Nigeria
In 2021, after two years of decline, there was significant growth in purchases abroad of electric generating sets and rotary converters, when their volume increased by X% to X units. Overall, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.
In value terms, imports of electric generating sets and rotary converters contracted significantly to $X in 2021. Over the period under review, imports continue to indicate a modest increase. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.
Imports by Country
In 2020, China (X units) was the main electric generating set and rotary converter supplier to Nigeria, with a X% share of total imports. Moreover, imports of electric generating sets and rotary converters from China exceeded the figures recorded by the second-largest supplier, the UK (X units), more than tenfold. The third position in this ranking was held by the United Arab Emirates (X units), with a X% share.
From 2012 to 2020, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the United Arab Emirates (X% per year).
In value terms, China ($X) constituted the largest supplier of electric generating sets and rotary converters to Nigeria, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports. It was followed by India, with a X% share.
From 2012 to 2020, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and India (X% per year).
Import Prices by Country
The average import price for electric generating sets and rotary converters stood at $X per unit in 2020, increasing by X% against the previous year. In general, the import price, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2020, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.
From 2012 to 2020, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for electric generating set and rotary converter 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 27113110 - Generating sets with compression-ignition internal combustion piston engines, of an output . .75 kVA
- Prodcom 27113130 - Generating sets with compression-ignition internal combustion piston engines of an output > .75 kVA but . .375 kVA
- Prodcom 27113150 - Generating sets with compression-ignition internal combustion piston engines of an output > .375 kVA but . .750 kVA
- Prodcom 27113170 - Generating sets with compression-ignition engines of an output > .750 kVA
- Prodcom 27113233 - Generating sets with spark-ignition internal combustion piston engines of an output . 7,5 kVA
- Prodcom 27113235 - Generating sets with spark-ignition internal combustion piston engines of an output > 7,5 kVA
- Prodcom 27113250 - Generating sets (excluding wind-powered and powered by spark-ignition internal combustion piston engine)
- Prodcom 27113270 - Rotary converters
- Prodcom 28112400 - Generating sets, wind-powered
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
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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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